FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX, which was launched on May 8, 2019. Today its price has decreased by 6%. Will this be temporary or does it reflect an ongoing trend? Read this guide to see if you should buy FTT and where you can buy FTT now.
The Best Places to Buy FTT Now
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What is FTT?
The team behind FTX is made up of some of the biggest crypto traders in recent years. After noticing problems with most mainstream crypto futures exchanges, they decided to launch their own platform. According to FTX, it is characterized by features such as clawback prevention, a centralized collateral pool and universal stablecoin settlement. With regard to clawback prevention, a significant part of client funds on other derivatives exchanges were claimed by socialized losses. FTX reduces this by using a three-stage liquidation model.
Should I buy FTT today?
The decline may be temporary, as FTX is a solid exchange with an experienced team. Read some price forecasts to get a better idea of the price trend.
FTT Price Prediction
Price Prediction predicts that the price of the FTX token, which is currently at $ 41, will be at least $ 62 in 2022. The FTX token price can reach $ 77 by the end of next year. In 2023, the price is expected to record at least $ 86. The value can go up to a maximum of $101 with an average trading price of $89. In 2024, the price of 1 FTT will be at least $ 127. By the end of 2024, PP predicts an increase to $ 149 with an average trading price of $ 131.
According to PP, the lowest level in 2025 is $ 184. However, it could even reach a peak of $223.
FTT on social media
$43 is strong support for #FTX token. It also has the support of FIB 61.8%. We could expect consolidation around this level before we reach the above targets based on previous highs. pic.twitter.com/XtABmWfCHj
– Bitcoinsensus (@Bitcoinsensus) November 28, 2021