FTT Price Prediction 2024, 2025, 2030: Will FTX Token Rise Back Up?

The previous year turned out to be the wealthiest season for altcoins. 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-the-counter (OTC) trading.

Are you one of the many crypto market investors, who have been trying to analyze the situation and understand the future of this crypto and FTX price prediction?

Buckle up your belts, as this write-up covers the possible future of the company and coin in the market for 2024 and the years to come.

Overview

Cryptocurrency	FTX Token
Token	FTT
Price	$ 2.02911139 -23.26%
Market cap	$ 667,364,800.0915
Circulating Supply	328,895,103.8132
Trading Volume	$ 205,680,075.4298
All-time High	$89.02 on 09th September 2021
All-time Low	$0.7763 on 10th June 2023
24 High	$ 3.2400
24 Low	$ 3.0012

The FTX token started the year on a neutral trend by trading in a closed range between $2.9126 and $3.3957 for the first four days. As the market volatility grew, the FTT token experienced a breakdown in the chart. Following this, the price traded in a narrow space between $2.6409 and $2.9126 for about a week, after which the price recorded another correction of over 10%.

The FTT price traded sideways for a while, following which the market regained momentum and jumped over 42% within the next three days. After facing rejection at $3.3957, the FTT token traded between $2.9126 and $3.3957 for over a week, following which it lost momentum, resulting in a price breakdown.

After this, the price traded in a consolidated range between $2.3812 and $2.9126 for a brief period, indicating a cool-off in the price action for this token. Recently, the market lost momentum and recorded a correction of 35.45% within hours, highlighting a strong bearish reversal in the market. The bulls displayed a bounce-back of over 22%, however, the price continues to trade under a bearish sentiment.

The technical indicator, MACD, displays a decline in the red histogram, indicating a cool-off in the price action. On the other hand, the averages show a constant drop, highlighting a mixed sentiment in the future price action of the coin.

If the market holds the price above the support level of $2.0914, the bulls will regain momentum and rise to test its resistance level of $2.3812 soon. Further, if the FTX token continues to trade under a bullish influence, it will prepare to test its upper resistance level of $2.6409 in the coming time.

On the contrary, if the market experiences another trend reversal, the FTT price will continue its fall and test its support level of $1.7049. Moreover, if the bears continue to hold power over the bulls, it will plunge and prepare to test its lower support level of $1.4030.

FTT Coin Price Forecast 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 forecast could propel to its potential high of $7.98.

On the downside, ebbing prominence and stiffer competition could clutch the price to $5.74. That being said, the absence of propelling initiatives might curb the average price at $6.86.

FTT Price Prediction 2024 – 2030

FTX Token Price Prediction 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 the maximum value of $10.16 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 minimum value to $8.46. Considering all aspects, the altcoin could trade at an average price of $9.30.

FTX Token Price Prediction 2026

According to forecast prices and technical analysis, FTX’s price is projected to reach a minimum of $11.08 in 2026. The maximum price could hit $13.26, with an average trading price around $12.17.

FTX Token Price Prediction 2027

Looking forward to 2027, FTT’s price is expected to reach a low of $13.74, with a high of $14.94 and an average forecast price of $14.34.

FTX Token Price Prediction 2028

In 2028, the price of a single FTX is anticipated to reach a minimum of $15.92, with a maximum of $17.36 and an average price of $16.64.

FTX Token Price Prediction 2029

By 2029, FTT’s price is predicted to reach a minimum of $16.46, with the potential to hit a maximum of $19.92 and an average of $18.190.

FTX Token Price Prediction 2030

In 2030, FTX is predicted to touch its lowest price at $19.18, hitting a high of $25.16 and an average price of $22.17.

Market Analysis

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s FTT Price Prediction 2024

FTT price with certain variations might escalate higher if the community enters into strategic partnerships with certain projects.

As per CoinPedia’s formulated FTX price prediction, the token may surge to a maximum of $7.98, by the end of 2024. That said, the digital asset falling prey to negativity, could drag the price down to $5.74.

Fundamental Analysis

FTX token was launched by sbf and Gary Wang on May 8th, 2019. The founder completed his bachelor’s degree from the Massachusetts Institute of Technology. And gained experience at the Centre for Effective Altruism as director of development. Sam Bankman Fried is also the present CEO of the FTX network.

Gary Wang completed his graduation from the Massachusetts Institute of Technology in computer science and mathematics. The co-founder previously gained experience as a software engineer at Google. He currently works as chief technology officer at the crypto derivatives exchange platform FTX. 

Almenda Research owns the FTX network, which is one of the reputed institutes in cryptocurrency trading and enables large liquidity pools. The FTX platform is built by a dedicated team, who are experts in the relevant field.

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

ethereum Blockchain NetworkTechnology with 5x leverage. They can simply purchase a 5x short Ethereum leveraged token on FTX.

Historic Market Sentiments 2019 – 2022

• The token made its first appearance in the listing in June 2019 with an initial offering price of $1.76.
• FTX achieved its $2 mark on the 20th of December.
• The year was very stable, and constant fluctuation was observed in the chart. The price varied between $2 – $5 for the whole year.
• The crypto achieved its $5 mark during the last trading month of the year and reached an ATH of $5.78 on new year’s eve. 
• As the bullish run took place, the crypto smashed all the records and reached an ATH of $61.25 by mid-May.
• A sudden bearish trend was observed in the trend, and the value of the coin was slashed by 60%, resulting in a trade value of $24.55 per buy. 
• The last months of the trading year were volatile and were taken over by the bear market.
• The closing trade price of the crypto to $38 per buy.
• The year 2022 was a bearish for the industry as FTX exchange experienced a crash resulting in its price plunge below $2 by the year-end.

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