- By 2025, FTT might attain $42.96, however regulatory threat might push it all the way down to $15.52.
- FTT is predicted to peak at $52.88 in 2027, but when assist is weak, it might fall to $15.22.
- FTT might cross ATH and attain $88 in 2029, or fall to $42.96 if curiosity wanes.
The journey of the FTX token (FTT) is nothing wanting a dramatic story on this planet of cryptocurrencies, marked by exhilarating peaks and heart-breaking troughs. Precisely three years in the past, on September 9, 2021, FTT reached its all-time excessive, hitting an all-time excessive of $85.02 and making headlines throughout the cryptocurrency trade.
Nonetheless, one thing stunning occurred and by June 10, 2023, the token plummeted to a low of $0.7763. This failure was tied to the collapse of FTX, which filed for chapter. The downfall got here amid a swirl of controversies that included mismanagement of funds, lack of liquidity and a wave of withdrawals.
Nonetheless, current market traits are sparking new hope and pleasure. Buoyed by rumors of a large $16 billion settlement, FTT soared 98.36% final month, hitting a excessive of $2.94. The bullish momentum for the token is simple as expectations construct forward of the upcoming omnibus listening to dates and the potential begin of distribution.
Regardless of the Concern & Greed Index studying of 41 displaying that concern stays, the FTT recorded 19 out of 30 inexperienced days, proving its resilience. The query on everybody's thoughts now could be: Can FTT maintain this upward development as investor confidence step by step returns?
With volatility as excessive as 18.62% and pleasure surrounding potential funds rising, FTX’s native token could possibly be on the verge of a pivotal second. However how excessive can it rise in 2024? On this Coin Version article, we take a deep dive into FTT's value predictions to search out out whether or not this momentum will proceed, or if one thing else is in retailer. I'll make it.
What’s FTX Token (FTT)?
Think about a cryptocurrency born of necessity, constructed by merchants for merchants, and fueled by innovation. That is FTX Token (FTT), the powerhouse behind the FTX alternate, which is known for altering crypto buying and selling. Based by Sam Bankman-Fried and Gary Wang, FTX was born to deal with the failings in mainstream crypto futures exchanges.
However that wasn't all. FTX launched leveraged tokens to permit merchants to entry extremely leveraged positions with out margin buying and selling. On the coronary heart of all of it is FTT, and it's greater than only a buying and selling software. It’s a token with a mission. What are the advantages? Discounted buying and selling charges, a robust insurance coverage fund to guard towards market fluctuations, and a dynamic token burn mechanism designed to extend the worth of FTT over time.
These options make FTT not solely function a utility but additionally enhance its worth and entice the eye of merchants world wide. The long run seems promising for FTT as FTX, backed by big Alameda Analysis, continues to develop.
FTT present market scenario
Over the previous 24 hours, the FTT token has skilled wild ups and downs, exhibiting value fluctuations which have caught the eye of the cryptocurrency group. The token began the day with a bearish decline, hitting an intraday low of $1.87, in response to CoinMarketCap.
sauce: coin market cap
Nonetheless, the bulls shortly overwhelmed the bears and the bears have been again in motion, with FTT value rising to a excessive of $2.53 by noon. Regardless of the volatility, FTT ended the day on a excessive word, registering a 27.37% achieve and settling at round $2.48 on the time of writing.
This value enhance was mirrored positively in FTT's market capitalization, which skyrocketed to $814,807,000, making it the seventy fifth largest cryptocurrency. However extra attention-grabbing was the leap in buying and selling quantity, which peaked at $101.867 million, a rise of 28.25%. This surge in exercise signifies elevated curiosity and optimism amongst merchants and suggests robust assist for the token’s upside potential.
FTX Token (FTT) Worth Evaluation
Investor demand for FTT seems to be strong, with circulating provide at 328,895,104 FTT, accounting for 100% of whole provide. The token’s current efficiency and elevated buying and selling quantity counsel a shiny future, making it a token to observe within the evolving crypto market.
On this part, Coin Version analyzes FTT's present place and development potential utilizing key indicators and real-time information, offering a complete overview of FTT's market efficiency.
FTX Token (FTT) Worth Evaluation – Bollinger Bands
FTT's weekly Bollinger Bands are tightening, indicating decrease short-term value volatility. At the moment, the cryptocurrency is hovering simply above the $2.12 higher band, which frequently indicators overbought circumstances.
This situation suggests {that a} value reversal is imminent and the higher band is appearing as resistance. If this sample performs out, FTT might quickly retest earlier assist ranges earlier than establishing for one more rally.
FTX Token (FTT) Worth Evaluation – Relative Energy Index
In the meantime, the RSI is trending upward at 63.14, reflecting continued bullish sentiment out there. The index has not entered overbought territory but, so there’s room for additional value good points.
Nonetheless, if overbought circumstances persist, merchants ought to tread rigorously, similar to contemplating taking earnings or adjusting their threat methods to scale back potential draw back threat.
FTX Token (FTT) Worth Evaluation – Shifting Common Convergence Divergence
The MACD provides one other layer of optimism because the MACD line is trending up at -0.00088264 and sits above the sign line. This coincidence signifies rising bullish momentum and suggests a probable continuation of the uptrend within the close to time period.
The increasing MACD histogram bar above the zero line additional helps the notion of accelerating shopping for strain and means that the bulls are nonetheless in management.
FTX Token (FTT) Worth Prediction 2024
The Directional Pattern Index exhibits an analogous image, with +DI 33.5703 overshadowing -DI 10.8840, highlighting the clear benefit of consumers over sellers. Nonetheless, a refined twist will be seen when wanting on the Common Directional Index (ADX), which reads 15.2152. Used to measure development energy, ADX signifies that the market is trending bullish, however the total development lacks energy, indicating that the development remains to be in its formation stage. This means that momentum has not totally constructed up.
Given this setup, the FTT token could possibly be poised to check the $20.75 stage, a key stage near the 23.60% Fibonacci retracement, by the top of the 12 months. Nonetheless, if market sentiment adjustments, the token might as soon as once more hit its all-time low of $0.7763, which was final seen on January 10, 2023.
FTX Token (FTT) Worth Prediction 2025
In line with Coin Version’s predictions, FTT might soar to a excessive of $42.96 because of elevated market confidence and the influence of the BTC halving. On the draw back, regulatory challenges and market corrections might push FTT all the way down to $15.52.
FTX Token (FTT) Worth Prediction 2026
In line with our predictions, a market correction because the BTC halving hype diminishes might push FTT value to $5.93, with bearish circumstances prone to influence broader crypto sentiment. there’s. Nonetheless, rising institutional curiosity and utility might push it to $33.03.
FTX Token (FTT) Worth Prediction 2027
Coin Version means that FTT might peak at $52.88 because the crypto market recovers in anticipation of the BTC halving in 2028. Weak group assist or lingering regulatory hurdles might ship FTT to a low of $15.22.
FTX Token (FTT) Worth Prediction 2028
With BTC halving strengthening total market circumstances, FTT might rise to $73.93. Nonetheless, regulatory setbacks and liquidity points might suppress costs and push FTT all the way down to $32.54.
FTX Token (FTT) Worth Prediction 2029
In line with Coin Version, FTT might surpass its all-time excessive and attain a excessive of $88, pushed by robust group assist and market optimism. The worth might plummet to $42.96 because of financial downturn and waning curiosity in FTX's revival.
FTX Token (FTT) Worth Prediction 2030
With the potential for mass adoption and platform restoration, FTT might attain $100 by 2030. However, exterior market pressures or sudden regulatory actions might trigger FTT to fall to a low of $52.88.
FTX Token (FTT) Worth Prediction 2040
Coin Version predicts that FTT might soar to $250 by 2040, benefiting from long-term development and technological advances. Sustained volatility or a major market correction might push the token to $140.
FAQs
FTX Token (FTT) is the native cryptocurrency of the FTX alternate. It presents discounted buying and selling charges, an insurance coverage fund, and a token burn mechanism designed to develop in worth over time.
FTT will be bought on cryptocurrency exchanges similar to Binance, KuCoin, or any decentralized alternate that helps FTT buying and selling pairs.
The investability of FTT is unsure because of its volatility and the failure of FTX. Nonetheless, current market curiosity suggests potential for future development, though dangers stay excessive.
FTT reached an all-time excessive of $85.02 on September 9, 2021.
Our predictions present that with market restoration and powerful group assist, FTT might attain $50 by 2027.
The circulating provide of FTT is 328,895,104 tokens, accounting for 100% of the whole provide.
If market circumstances enhance with group assist, FTT might surpass ATH of $85 by 2029.
FTT’s all-time low value was $0.7763 on June 10, 2023.
Sam Bankman Fried and Gary Wang based the FTX token.
FTX Token (FTT) was launched in 2019.
FTT will be saved in cryptocurrency wallets similar to {hardware} wallets (similar to Ledger), software program wallets (similar to MetaMask), or immediately on exchanges.
FTT might check the $20.75 stage by the top of 2024, however market fluctuations can nonetheless trigger the value to fluctuate.
FTT might attain $42.96 by 2025, however regulatory challenges might trigger it to fall to $15.52.
Relying on market corrections and institutional investor curiosity, FTT in 2026 might vary from $5.93 to $33.03.
FTT might attain a excessive of $52.88 in 2027, however regulatory points might push it all the way down to $15.22.
Supported by the Bitcoin halving, FTT might rise to $73.93 in 2028, however might fall to $32.54 if regulatory points proceed.
By 2029, FTT might attain $88, with a possible low round $42.96 relying on market circumstances.
In 2030, FTT might attain $100, however exterior pressures might trigger it to fall to $52.88.
FTT might rise to $250 by 2040, however important market corrections and fluctuations might trigger it to fall to $140.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version isn’t answerable for any losses incurred because of using the content material, merchandise, or companies talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
