Crypto

Will FTT Price Go Up?

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The previous year turned out to be the wealthiest season for altcoins. As most of those had outperformed the most dominant asset Bitcoin. One such asset that amazed the crypto space with massive price spikes in Q1 was the FTX token. The FTX is built on the ERC-20 token and is a crypto derivatives exchange. It aims to provide institutional-grade solutions by offering futures, leveraged tokens, and Over Counter (OTC) trading.

The recent dispute between Binance and FTT has brought chaos to the market as the price of FTT is being dragged down sharply. Has a “FUD” situation in the market appeared? Binance wishes to sell all of its holdings on FTT Tokens BASED ON THEIR PRIOR EXPERIENCE. Earlier this year, Terra (LUNA) collapsed, so Binance wants to be prepared this time with FTT tokens. Will FTT face the same faith as Terra LUNA? Or will it be able to successfully regain the trust of investors and the market in the upcoming days? 

Are you one of the many investors, who have been trying to analyze the situation and understand the future of this crypto? Buckle up your belts, as this write-up covers the possible future of the company and coin in the market. 

Overview

Cryptocurrency. FTX Token.
Token. FTT.
Price. $17.28
Market Cap. $2,328,485,492
Trading Volume. $1,413,797,325
Circulating Supply. 133,025,776.66 FTT
All-time high. $85.02 on September 9th, 2021.
All-time low. $0.8313 on September 7th, 2019.

*The statistics are from press time.

FTX Token (FTT) Price Prediction

FTX Token Price Prediction For November 2022

Amid the ongoing crises of FTT with Binance, the price has taken a hit in its value. The crypto dropped from $26.43 to $15.10 within the span of one week. According to the reports, the next 24 to 48 hours are said to be crucial for this listing, as the outcome of this situation is not certain. Will FTX (FTT) regain its price?

If the bearish run tends to continue, the value per coin may go as low as 18.627. However, if the bulls regain market share, the value per coin may not vary much as it may take time for FTT to come out of this affair. The price may go as high as $22.82, with a possible variation of 10%. This results in an average trading price of $20.7238.

FTX (FTT) Token Price Prediction For December 2022

This crypto has a volatile history. It has witnessed many bullish and bearish trends in the past but has managed to regain its strength every time. The token has outperformed its competitors and has made its stand in the market. If this crypto manages to do so again then the price may go as high as $31.4652

On the contrary, a market dump could result in the price finding support at $23.81. Considering the bullish and bearish targets, the average price could settle at $27.63. Will FTT be able to confirm its ATH at least next year?

FTX Crypto Price Forecast For 2023 

The year will remain challenging as inflation fears might impact the market for the next two years. If it comes up with suitable upgrades inclined with a trend, the FTT price remains invulnerable to bears. 

The asset would hit a maximum of $56.83 with a variation of 15% keeping the terror of inflation into consideration. However, if bears haunt the rally the altcoin would settle down around $28.71. Successively, a balance in trade activities could conclude the year at $42.77. 

FTT Coin Price Forecast For 2024

If the crew behind the FTX token employs developmental and community-building initiatives. The altcoin could claim higher peaks amid Bitcoin’s halving event, which is also anticipated to happen in 2024. In such a case, the FTT price could propel to its potential high of $95.26.

On the downside, ebbing prominence and stiffer competition could clutch the price to $47.68. That being said, the absence of propelling initiatives might curb the price at regular levels of $71.47. 

FTX Token (FTT) Price Prediction For 2025

while predicting the price for the long term, it is implicit in analyzing its historical footprints. And how it behaves when bears take control of the market. FTX Token has responded well enough to market fluctuations in the past. Collectively, this secure and fast network has the potential to reach $146.35 by the end of 2025. 

If the coin fails to introduce new upgrades and regulatory constraints across different territories. This may result in a pullback of the price rally to $77.11. Considering all aspects, the altcoin could trade at an average price of $111.73.

CoinPedia’s FTX Token Price Prediction

Due to recent events, there is a huge downfall in the valuation of this crypto. Binance’s liquidation of FTT tokens has created chaos in the trading pattern and a possible FUD in the market. According to Coinpedia’s formulated FTT price prediction. The altcoin could recover itself from the situation and may smash $31.46 by the end of 2022.

On the contrary, market fluctuations and uncertain economic crises are spreading across the world. Even the failure of upgrades can be a possible setback for the altcoin. And thereby, the FTT price may drop to the strong support zone around $23.81 by the year-end. Considering all viewpoints, the average price of the token would be around $27.63 by the end of this year.

Market Analysis

Firm Name 2022 2023 2024 2025
Digital Coin Price $25.79 $56.62 $77.93 $101.43
Trading Beasts $24.556 $24.715 $26.159 $29.454
Priceprediction.net $27.07 $39.34 $58.27 $83.03

*The aforementioned targets are the average targets set by the respective firms.

What Is FTX Token?

FTX is a crypto derivatives trading ecosystem that owns a native token termed FTT. The token can be utilized as collateral for futures trading, earning commissions on trading fees, getting Over-The-Counter rebates, and more.

The platform solves the existing problems associated with futures trading. On other exchanges present in the market, the collateral is divided across separate token wallets. However, FTX derivatives are stablecoin-settled and need only a universal margin wallet to limit future positions from getting liquidated. 

Another exciting feature of the platform is leveraged tokens that enable investors to fill leveraged positions without any margin trading. For example. if the user wants to short ethereum