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FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano's Hoskinson

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According to Charles Hoskinson, FTX's meltdown could indicate the bottom of the ongoing crypto winter.

FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano’s HoskinsonAccording to Charles Hoskinson, FTX’s meltdown could indicate the bottom of the ongoing crypto winter.

Charles Hoskinson – Founder of the blockchain platform Cardano – thinks the turbulence around FTX and its native token – FTT – could be the last adverse event of the ongoing crypto winter. He finds it normal that the entire digital asset space was negatively affected by the news since Sam Bankman-Fried’s trading venue is among the leading entities in its field, and its crisis causes a “cascade through the cryptocurrency market.”While 2022 has not been kind to the crypto industry, things have even worsened in the past several days. Binanceto liquidate 23 million of its FTT tokens which caused the latter’s price crash.

Those setbacks triggered a massive collapse of the entire crypto market, whose capitalization plunged below $900 billion. Bitcoin, for one,

 

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