• FTT hit a low of $1.37, down 15% from its weekly excessive of $1.61.
• Analyst Mags argued that the FTT would both rise five-fold or fall to zero.
• Analysts predict a “reverse FTX” situation for FTT, with a $10 value goal.

FTX's native token, FTT, has plummeted amid the continued Bitcoin-led value correction, hitting a latest low of $1.37, down roughly 15% from its weekly excessive of $1.6109. The token is now down greater than 20% from its value a month in the past.

Nonetheless, some market analysts see potential in FTT and expect a major value enhance. In a publish on X, technical analyst Mags revealed that he has been accumulating FTT over the previous few weeks, acknowledging that FTT is a “shitcoin” that lacks the inherent utility to develop in worth past market hypothesis.

Nonetheless, Maggs argued that if market situations improved, the FTT might make a acquire of as much as 500%, that means the FTT would both rise five-fold or fall to zero.

Particularly, we're focusing on $10…

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