FTX Token (FTT) Price Prediction: Will FTT Price Hit $100 in 2022?

• Bullish FTX Token (FTT) price prediction ranges from $20-$50.
• Analysis suggests that FTT price might reach $100 soon.
• FTT’s bearish market price prediction for 2022 is $12.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. FTX Token (FTT) is one of them.

Native to the FTX cryptocurrency derivatives exchange, which facilitates trading in futures, leveraged tokens, and over-the-counter (OTC) transactions, is the FTT token. The futures industry is delayed by numerous problems, including those related to futures exchanges. FTX’s goal is to make the derivatives market more institutional-ready by addressing these issues. Many helpful tools are available on the site to aid users and boost the platform’s network effects.

If you are interested in the future of FTT and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is FTX Token (FTT)?

FTT is FTX’s native token, introduced on May 8, 2019. FTX was founded by some of the largest crypto traders in recent years who were unhappy with major crypto futures markets. FTX provides clawback prevention, a centralized collateral pool, and universal stablecoin settlement.

Sam Bankman-Fried and Gary Wang founded the FTX Token, also known as the FTT. There are more than a million users on the platform as of 2022, and daily trading volume has hit the billions. Socialized losses have taken a sizable portion of consumer funds on other derivative exchanges, raising the stakes for preventing clawbacks. FTX reduces this problem via a three-tiered liquidation structure. 

Collateral on current crypto futures exchanges is spread out over many different traders’ token wallets, which can make it difficult to liquidate bets. In contrast, FTX derivatives can be held in one universal margin wallet and are settled in stablecoin. FTT also includes leveraged tokens, which eliminate the need for margin trading by enabling participants to take on larger holdings with a single token.

After a year of business, FTX Exchange released its own cryptocurrency, the FTX Token (FTT). Ecosystem participants make regular use of the FTT coin, which is a token built to the ERC-20 standard. On the FTX Exchange, FTT can be used to create leveraged tokens, and users can obtain VIP discounts in the form of FTT according to the number of coins they own. Furthermore, rewards can be earned for providing liquidity via futures positions.

Experts in the field created FTX. Their scope of services is wide, including liquidation procedures and product listing as well as collateral and maintenance margin services. FTX also claims to be dedicated to fast development cycles, which expedite the deployment of its cryptocurrency trading platforms.

An FTT token can be traded on any platform that supports ERC-20 tokens. Using the Ethereum app on the Ledger Nano X/S hardware wallet, users can securely store and manage the FTT tokens. The Blockchain Consilium auditing firm verifies the safety of both the FTT and the leveraged tokens.

FTX Token (FTT) Current Market Status

With 134,598,602 FTT in circulation, FTX Token (FTT) trades at $30.63 at the time of writing. FTT has a 24-hour trading volume of $465,475,905.7, and during the previous 24 hours, the price of FTT has decreased by 4.93%.

At the moment, the most popular exchanges to trade FTX Token (FTT) are Binance, HitBTC, FTX, Houbi Global, and Binance JEX. 

FTX Token (FTT) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of FTX Token (FTT) can be predicted using the Keltner Channel indications for FTT/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Also, since the last candlestick is bearish, the price may go sideways for a while.

FTX Token (FTT) Price Analysis – Relative Strength Index

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 53.67. A movement above 50 indicates that more traders are buying FTT rather than selling, and are driving the price up. 

FTX Token (FTT) Price Analysis – Moving Average

Above is a daily chart of FTX Token (FTT)’s 200-day, 100-day, and 50-day Moving Averages (MAs). FTT is now running sideways and slightly forming an uptrend after touching the support. Notably, the FTT 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

FTX Token (FTT) Price Prediction 2022

By looking at the daily chart of FTT/USDT, FTT price was swinging from $21.09 to $32.51 after touching the support level of $18.08-$22.50. Bouncing back from the support level, FTT is now going sideways in the market and is expected to return bullish soon.

Meanwhile, our long-term FTT price prediction for 2022 is bullish since it cannot break the support level. We can expect FTT to reach $50 this year. 

FTX Token (FTT) Price – Resistance and Support Levels

This chart below shows that the price of FTT has decreased in the past few months. Moreover, the price of FTT is down by 4.87% in the past 24 hours after a slight pump during the week. If this continues, FTT might keep running bulls, breaking its $40 resistance 1 level and the double top formation, and eventually moving higher to the $50.

If FTT cannot break the $35 resistance 1 level, the bears may seize control and dethrone FTT to a downtrend stance. In simple terms, the price of FTT might fall to almost $12, indicating a negative signal given by the previous support level.

FTX Token (FTT) Price Prediction 2023 

FTX Token (FTT) will hit $55.8 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $30. The growth will thereafter moderate, but no significant drops are forecast. 

FTX Token (FTT) Price Prediction 2024 

FTX Token (FTT) price can rise to incredible heights, peaking at $74.79. This is only feasible if the market continues its upward path and only if FTT breaks through the past psychological resistance levels.

FTX Token (FTT) Price Prediction 2025

FTT prices might grow to $110.09 during the next three years. Furthermore, hitting this level may not be so tough for FTT because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, FTT has a strong chance of reaching the previous ATH.

FTX Token (FTT) Price Prediction 2026

FTT prices might grow to $153.16 during the next four years. Furthermore, hitting this level may not be so tough for FTT because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, FTT has a strong chance of reaching the previous ATH.

FTX Token (FTT) Price Prediction 2027

FTT prices might soar to $220.69 in the next five years. Furthermore, hitting this level may not be so tough for FTT as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, FTT has a strong chance of reaching the previous ATH.

FTX Token (FTT) Price Prediction 2028

In the next six years, FTT prices could rise to $284.09. More so, reaching this level could not be so difficult for FTT as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FTT has a strong chance of reaching the previous ATH.

FTX Token (FTT) Price Prediction 2029

In the next seven years, FTT prices could rise to $334.60. More so, reaching this level could not be so difficult for FTT as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FTT has a strong chance of reaching the previous ATH.

FTX Token (FTT) Price Prediction 2030

In the next eight years, FTT prices could rise to $418.48. More so, reaching this level could not be so difficult for FTT as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FTT has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $100 if investors decide FTT is a good investment along with mainstream cryptocurrencies.   

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

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