Crypto Enthusiasts strongly believe we’re still in a bull market but lots of competing L1s are below their 2022 ftx flash crash prices.
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As everyone continues to believe we're in a bull market but lots of top alts are still below their 2022 FTX flash Crash prices. Dot for example was around $5 when FTX went offline.. Today it's under $3 and at it's lowest price ever. The one time sub darling Algorand dipped to around $.24 during the FTX collapse but today it's around $.18 Atom was under $9 during the FTX flash crash.. Today it's under $3 Of course not all L1s from 2022 are bleeding out – Solana, BNB and XRP all hit ATHs within the last year. With many other L1s like Doge and Cardano sitting solidly above flash crash prices but way below ATHs. But overall it seems the losers from the 2021 Bull Market can already be seen. So for everyone asking, is this the bull market we are looking for? submitted by /u/GabeSter |
