FTX Token (FTT) Trading Volume Continues To Plummet, Are Orbeon Protocol (ORBN) and Solana (SOL) Better Investments?

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The FTX scandal was one of the biggest scams in crypto history. Over half a billion worth of investor funds were wiped out overnight, causing many to lose faith in the crypto market. While FTX Token (FTT) tries to rebuild its reputation, projects like Orbeon Protocol (ORBN) and Solana (SOL) continue to rise in price, with some analysts claiming they’ll become the top projects in 2023. 

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Before the FTX exchange scandal, FTX Token (FTT) was considered a strong investment and had even hit all-time highs of $84.18. Millions of investors had invested their funds using the exchange, believing their funds were safe. However, following the FTX Chapter 11 bankruptcy, over $600 million worth of investor funds were stolen, and the exchange's reputation was destroyed. 

An external investigation quickly found that FTX Token (FTT) had a liability-to-assets ratio of 10:1, with the development team using investor funds to invest in risky projects. FTX Token (FTT) is now under new management, and FTX Token (FTT) is looking to rebuild its reputation, but this is proving to be a monumental task. 

After hitting highs of $1.96 in January, the value of FTX Token (FTT) has since crashed to $1.59, and trading volume for FTX Token (FTT) is on the decline. 

With the scandal impacting the entire market, it's unlikely that FTX Token (FTT) will be able to rebuild its reputation any time soon. 

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Solana (SOL) is the 11th largest cryptocurrency in the world and one of the fastest growing DeFi projects. Having only been released in 2020, Solana (SOL) quickly rose to stardom, increasing