FTX’s token’s price, FTT, has recently jumped on the possibility of the FTX crypto exchange rebooting, drawing attention from investors looking for the best cryptos to buy now.
After Gary Gensler from the SEC dropped his latest comments, everyone’s suddenly looking at the best crypto to invest in right now and is wondering if the defunct platform, FTX, will be the next big thing.
But is it really the right time to jump in and buy, or are we just setting ourselves up for a repeat of history?
Read on to find out if the FTX token is a good buy or if you should consider safer alternatives, such as BorroeFinance ($ROE), an emerging leader among the best DeFi platforms.
FTX’s Native Token Could Get Back on Track: Time to Buy?
The SEC chairman, Gary Gensler, has recently sparked a 200% surge in FTX’s token, FTT, after making comments that the SEC supports FTX revival as long as it follows the law. Unsurprisingly, the comments have stirred and divided the crypto community.
On the one hand, some investors see Gensler’s comments as necessary: overall, to avoid history repeating itself, a reboot of the FTX platform should ensure the legality of practices to avoid another crypto disaster.
On the other hand, many others believe that the current legal frameworks are stunting the sector’s growth. Some practices, as seen by some, are too restrictive.
Others, like Scott Melker, have criticized the comment altogether. Gensler, who is supposed to be the protector of investors, has managed to pump FTT with a single comment. The SEC has long been known for being able to crash multiple top altcoins, as they were deemed “unlawful” or “unregistered”.
Amid the controversy, many investors may be confused about whether this should be good news for a potential FTX 2.0. However, until this becomes the reality, the FTX token may just be a flash in the pan.
Consider This Alternative Instead: The Future of DeFi Lending in Web3 Industry
If you prefer to ground your investment decisions in facts and numbers, you may want to consider BorroeFinance ($ROE) instead. BorroeFinance is a peer-to-peer DeFi funding platform that targets Web3 players, such as content creators, Web3 gaming platforms, NFT artists, musicians, and many more.
The BorroeFinance platform allows these Web3 participants to sell their future earnings from invoices, subscriptions, royalties, and others for instant cash. In other words, the platform is creating a whole new world where Web3 users mint NFTs and sell them at a discount; then, they are funded by investors, fans, and even the businesses’ own communities.
BorroeFinance is not just about cool tech; it also emphasizes trust and transparency. For example, the platform has already passed an audit and KYC verification by BlockAudit, a top security firm. This is a big deal in the crypto world – trust is hard to come by, as seen in the FTX case.
Finally, the $ROE token is the superstar of the ecosystem. The $ROE token is currently in Stage 2 of its presale, and over 90% of the allocated tokens are already in investors’ hands.
Initially offered at only $0.01, the token is now priced at $0.015. Once the presale concludes, the $ROE tokens are expected to launch on major exchanges at $0.04, marking 300% growth from the initial offering.
Summary
As the future of FTX and its token remains uncertain, investors might consider exploring more stable and transparent alternatives like BorroeFinance, which is making a name for itself among the best DeFi platforms.
Learn more about BorroeFinance ($ROE) here:
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