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The greatest cryptocurrency-related story this semester was FTX's impending bankruptcy on November 11, 2022, which was covered in our discussion board. At its height, FTX
The greatest cryptocurrency-related story this semester was FTX's impending bankruptcy on November 11, 2022, which was covered in our discussion board. At its height, FTX ranked second among cryptocurrency exchanges (Biance was first). FTT, the company's own token, dropped from its peak of $1,400 to $1.3 as of the beginning of December. How would you estimate the FTT token's value in retrospect, say at the start of this class in September 2022, before the bankruptcy started? Describe your evaluation criteria in brief.
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