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In a crypto crash, the coins with the best real use cases and loyal followings will survive the best, according to FTX's Sam Bankman-Fried
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markets.businessinsider.comFTX
Bull and bear markets will come and go for cryptocurrencies, just like any market. The key to knowing which coins will weather a bear market well comes down to knowing what they're used for and what kind of support they have, according to crypto billionaire Sam Bankman-Fried.
Bankman-Fried, who founded FTX, one of the world's largest crypto exchanges, was discussing the outlook for the crypto market in an interview with Kitco News on Thursday, just as the likes of bitcoin, ether and altcoins alike were caught in a down-draught along with other risky assets, as markets reacted to the emergence of a new Covid-19 variant.
This year has seen a boom in mainstream adoption of cryptocurrencies, equally in well-known coins like bitcoin and ether,
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