It's true that it's good to pick up those coins that are dropping and low. But to remind everyone, there could be people that are still optimistic about the FTT.
Just like Luna, UST, Lunc and USTC. FTT isn't different from them, it's unlikely to recover and anyone who will try to think that it'll still recover, you're just putting the risk on your hand and money by thinking like that.
It's close to impossible that these tokens and coins will recover even we go back to the bull run.
Case of FTX I don't think it's the same as Luna, Luna crashed but then with help from exchanges you can see it still hasn't been delisted from the exchange. Currently, binance is still supporting the Lunc team as well as supporting the token burn although it has not made any difference yet. But in the case of FTT, exchanges gradually delisted it from their exchanges and put an end to FTT. This is also better for investors, many investors are still hopeful or still want to gamble with FTT because they still hope it will recover.
I'm talking about their token, the FTT. It's the same as LUNA that has a huge valuation and price and then significantly, the price dropped a lot because of the commotion made by FTX.
I just saw the difference on LUNC because binance is supporting it despite the developer/owner of it is on the loose.
It's true that it's good to pick up those coins that are dropping and low. But to remind everyone, there could be people that are still optimistic about the FTT.
Just like Luna, UST, Lunc and USTC. FTT isn't different from them, it's unlikely to recover and anyone who will try to think that it'll still recover, you're just putting the risk on your hand and money by thinking like that.
It's close to impossible that these tokens and coins will recover even we go back to the bull run.
True, it is difficult to get back up if you have received bad value from investors, maybe you can only survive and slowly collapse like the previous cryptos.
If the community and investors have been disappointed so that they experience losses, it is impossible to repair the reputation that has been tarnished.
Well, it won't go back to the former but if it will be back. There could be a lot less that will want to try them again but with little amounts only. However, I don't think that FTX and its token FTT will be back to the usual value that we've seen before.