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 to buy FTT now.
What is FTT?
The team behind FTX consists of some of the biggest crypto traders in recent years. After experiencing issues with most of the mainstream crypto futures exchanges, they decided to start their own platform. According to FTX, it is characterized by features such as clawback prevention, a centralized collateral pool and universal stablecoin processing. With regard to clawback prevention, a significant part of customer funds on other derivatives exchanges has been drawn through socialized losses. FTX reduces this by using a three-tier liquidation model.
Should I Buy FTT Today?
The decline can only be temporary as FTX is a solid exchange with a seasoned team. Read some price forecasts to get a better idea of how prices will move.
FTT price forecast
Price Prediction predicts that the price of the FTX token, which is currently at $ 41, will be at least $ 62 in 2022. FTX token price can reach $ 77 by the end of next year. In 2023, the price is expected to hit 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 is forecasting 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 hit a high of $ 223.
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