As of November cryptocurrency Investors had a tough time. Leading cryptocurrency experiencing sharp drops bitcoin (BTC), although it has shown upward moves as of today, it still has not been able to recover.
One of the world's largest cryptocurrency exchanges FTX's bankruptcy was seen to have deeply affected digital assets.
After FTX's bankruptcy, many projects collapsed, respectively. FTT, LEFT or SRM Names such as these caused their investors to experience very difficult days.
As of this month, the product that has experienced the most decline has been the FTX Token (FTT). FTT, which lost 95 percent of its value, came to the verge of being officially reset.
According to a successful data provider CoinMarketCap, apart from FTT, the following altcoins have also dropped more than 60 percent:
In addition to the collapsed products, it was seen that there were altcoins that managed to separate from the market. Kaspa, which gained 350 percent in value as of this month, delighted its investors.
Apart from KAS, SNM, BWO, VOLT, TEL, TWT and MASK have managed to protect their investors by experiencing an increase as of November.
As of the next month, it seems that Bitcoin's rise again can provide the recovery of altcoins.
*Stay tuned for updates!