Which altcoins benefited from FTX’s crash. Top coins that rose in price

The largest growth in recent days has been shown by the token of the cryptocurrency wallet, Trust Wallet

14.11.2022 - 12:00

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What’s new? The bankruptcy of Sam Bankman-Fried’s FTX Group had a negative impact on the cryptocurrency market, bringing down the capitalization of most assets. But some projects have managed to benefit from this situation. First of all, these are non-custodial wallets and decentralized exchanges (DEXs).

Which altcoins have risen in price? The TWT token has risen to a record $2,52, adding 52,35% in price in the last 24 hours alone. TWT is the native token of the software wallet, Trust Wallet, launched in 2018. It allows one to interact with more than 40 blockchains and allows one to store about 160 000 different tokens and cryptocurrencies.

The SFP token has gained 33,79% over the past 24 hours and is trading at $0,5673. On the morning of November 14, a local high of $0,6499 was reached. SFP is the native token of the decentralized crypto wallet, SafePal, which allows trading on the Binance exchange through its own mobile app.

The price of the DYDX token rebounded from a local low of $1,191 on November 9 to hit $2,57 on the afternoon of November 13. dYdX is a DEX crypto exchange for margin trading in digital assets and perpetual contracts. It offers exchange, trading, and lending services. The platform runs on smart contracts on the Ethereum network. Operations are made between users directly (P2P).

Among centralized platforms (CEX), the native token of the KuCoin crypto exchange showed a good increase in the last 24 hours. The value of KCS has risen by 18,89% to $7,99.

All data about rates are given as of November 14, 11:30 UTC.

GetBlock Magazine’s previous selection of the top 5 altcoins affected by FTX’s crash can be checked in this feature.

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