Can FTX Token Beat Its All-time High Of $100?

[Ragavendra Raja]

FTT is FTX's local token, presented on May 8, 2019. FTX was established by the absolute biggest crypto brokers as of late who were discontent with major crypto prospects markets.

FTX Token (FTT) Price Prediction 2022

FTT price was swinging from $21.09 to $32.51 subsequent to contacting the help level of $18.08-$22.50. Returning quickly from the help level, FTT is presently going sideways on the lookout and is supposed to return bullish soon.
In the meantime, our drawn-out FTT price prediction for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

[adaseb]

Basically the token is correlated right now to how the crypto markets are performing. Both FTT and CRO and LEO are all far from ATH. The only one that is high right now is BNB.

When there is a bear market usually the volume is lower and less revenue for the exchange. The opposite is true during a bull market. Hence we will to bottom first and start rallying towards ATH for these tokens to also go to ATH.

[TheGreatPython]

Basically the token is correlated right now to how the crypto markets are performing. Both FTT and CRO and LEO are all far from ATH. The only one that is high right now is BNB.

When there is a bear market usually the volume is lower and less revenue for the exchange. The opposite is true during a bull market. Hence we will to bottom first and start rallying towards ATH for these tokens to also go to ATH.

Not to the crypto market or to the bear but maybe for btc because it was known as the main controller of the market but it's surprising that there are coins which can't be controlled by btc and one of it is bnb. I guess that's because it is too strong as it was owned by the largest crypto exchange called binance.

When there is a bear market I think the volume is supposed to be high because this is the time where people are accumulating more coins while there is still a good amount of volume during the bull run because everyone is active during this time. Many newbies are starting to have confidence and they will now buy more coins even if it's risky.

[Yaunfitda]

FTT is FTX's local token, presented on May 8, 2019. FTX was established by the absolute biggest crypto brokers as of late who were discontent with major crypto prospects markets.

FTX Token (FTT) Price Prediction 2022

FTT price was swinging from $21.09 to $32.51 subsequent to contacting the help level of $18.08-$22.50. Returning quickly from the help level, FTT is presently going sideways on the lookout and is supposed to return bullish soon.
In the meantime, our drawn-out FTT price prediction for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

That's a bold prediction if it can hit $50 this year. Because as far as we know, the market is very much bearish, every coins and project is struggling, even ETH after it's merge and supposedly hitting $2k, it didn't happen.

And I'm not trying to bring this project down, but that prediction number is too much that newbie investors might fall for that.

In any case good luck though, if that price hits then good for those who follow your lead.

[asriloni]

If we are talking about possibly and then answer might be yes but if you are also asking about when such thing gonna happen and there's no definite asnwer for that question. It has been reaching all time high when bitcoin has been doing the same thing. So, the main concern must be in bitcoin.

Im also active users of FTX and holding some FTX for IEO purpose. It's impossible for FTX to reach 50 again if bitcoin will stay sideways. Bitcoin needs to go to the moon to make it happen. IF bitcoin could reach 30k and that might be possible to happen with FTX.
FTT will remain sideways if bitcoin will be doing it too.

[GreatArkansas]

I remember the days when I have a lot of BNB and convert it to FTT (FTX token). But it's ok, I already moved on, and speaking of FTT's all-time-high price. I also experienced it it was during the all-time high price of Bitcoin.
So for me, regarding about all-time high price, yes, we can still reach $100 as long as FTX Exchange is still operating on the time of the Bitcoin will create new all-time high.

[blockman]

Even if this token is owned by FTX. It is still possible that it may go with a higher ath, just like Binance's BNB it has broken its previous all time highs.So basically all of the possibilities are there and can be very similar with the move of other tokens in the market.
But,let us also consider the issues that may come out from FTX and their involvement may make it hard to be on that ath again.

[bittraffic]

Lucky for those who have bought FTT from the start. It's a wonder though that the token has a very low volume compared to BNB which basically just has the same use case if you are a trader.

I wouldn't really try going to FTX exchange only to trade BTC/USDT when I have already submitted docs to Binance. It would just add to the risk I took.
SBF is linked to Alameda Research by the way that has had lots of controversial activity in the past.

[StormHawk]

FTX exchange might get better and be on par with Binance exchange some day, who knows? I believe that FTX will get there too but this is just my own believe, in the early days of Binance BNB wasn't doing great after 2017 bull market, so its normal to see FTX and CRO values going down as they aren't strong like Binance right now.

[o48o]

FTT is FTX's local token, presented on May 8, 2019. FTX was established by the absolute biggest crypto brokers as of late who were discontent with major crypto prospects markets.

FTX Token (FTT) Price Prediction 2022

FTT price was swinging from $21.09 to $32.51 subsequent to contacting the help level of $18.08-$22.50. Returning quickly from the help level, FTT is presently going sideways on the lookout and is supposed to return bullish soon.
In the meantime, our drawn-out FTT price prediction for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

I see this (going to $50 this year) highly unlikely scenario, but if this would be the case, i am betting it would be because we would be in the turning point of bear to bull market and FTT price grow along everything else. It would paint huge double bottom W and this would indicate that growth wouldn't stop there.

Personally i can't see this happening yet but i've been wrong so many times i would bet against myself on this.
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[OgNasty]

I think it's possible for FTX Token to do insane things once they release their FTX stablecoin.  They're basically going to have a license to print money at that point and will easily be able to pump whatever they want.  I just hope we don't see another Luna type situation here.  Sam seems too smart for that, but you never know...  One thing is for sure though, FTX has to be making a killing as the market volume picks up and it looks like altseason is beginning to warm up a bit.  It's been a while since I've seen so much green on the marketcap list.  Good times to be going long and taking some risk. 

[Xal0lex]

Fifty dollars this year looks too optimistic, just as optimistic as bitcoin reaching $40,000. It is unlikely to happen this year. Not so fast. I wouldn't expect an FTT price of more than $35 this year. Price recovery is not happening as fast as we want it to. Prices can only go down quickly. But all in all, I expect that by next bullrun, FTT token price might go over $100-$120, considering the fact that this exchange is now trying hard to take the lead among all centralized exchanges.

[kurniawan05]

Everything is possible in the crypto world, especially if there is another bullrun or they build a new blockchain that is more efficient and effective like Binance did.

[wxa7115]

FTT is FTX's local token, presented on May 8, 2019. FTX was established by the absolute biggest crypto brokers as of late who were discontent with major crypto prospects markets.

FTX Token (FTT) Price Prediction 2022

FTT price was swinging from $21.09 to $32.51 subsequent to contacting the help level of $18.08-$22.50. Returning quickly from the help level, FTT is presently going sideways on the lookout and is supposed to return bullish soon.
In the meantime, our drawn-out FTT price prediction for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

To begin with, is it not the ATH of FTT 84 dollars and not 100 dollars? Maybe it can reach 100 dollars in the future but it has not done so already or at least this is the information coingecko shows.

And about your prediction of 50 dollars at the end of this year I do not see it happening, this will require for FTT to more than double its current price in less than 2 months, and this is something which can only happen during a bull run, and since we are still in the middle of a bear market then there is almost no chance this could happen.

[blockman]

Going back to the thread, if all of you are now aware of the Tweet and decision of CZ after receiving their FTT, they're about to dump it. It may take time for FTT to go back to its past ATH.

FTT can get ATH if the market is bullish again like BTC reaches $60k it is not impossible for FTT to get ATH back, because Ftx is one of the popular exchanges that is widely used, it is easy for them to make profits if the market is very bullish by attracting interest like IEO which must be FTT holders only those who can participate, there are many more advantages of tokens that have an exchange.

And that will be harder this time when there's publicity that has been made against them and it doesn't look good because the token is about to be dumped, yeah, I mean a lot of it will.

[flareonbtc]

Don't think so unless FTX single-handedly becomes the next biggest exchange (over Coinbase + Binance)

None of the large payment processors use FTX token. Bitpay https://bitpay.com/, Poof https://www.poof.io/, Coinbase https://commerce.coinbase.com/?lang=en-US, Paypal, Square, and so on don't have integrations with FTX token. Meaning none of the third party businesses on them would transact with the token.

Only use case I see is for institutions to get lower fees on the trading platform. $100 ATH implies a 45B market cap, which is 4x the size of Coinbase as a token.

Unless FTX becomes a $1T company like Google, it's not happening.

[adaseb]

No idea if you guys were paying attention but there is a huge fued going on with FTX and Binance. Basically some insolvency rumors and Binance dumping their FTT token coin.

We came close to breaking the yearly low earlier with that CZ tweet. It seems people are upset about SBF trying to make Defi illegal and many are out to get him. No idea how this will unfold. Many people leaving FTX now.

[S3300]

No idea if you guys were paying attention but there is a huge fued going on with FTX and Binance. Basically some insolvency rumors and Binance dumping their FTT token coin.

We came close to breaking the yearly low earlier with that CZ tweet. It seems people are upset about SBF trying to make Defi illegal and many are out to get him. No idea how this will unfold. Many people leaving FTX now.

Noted, this is why I always say that even the biggest project in the crypto space can face any demise, crypto investment is high risk and this is one of the reasons why, low cap coins are higher risk but even top 10-30 altcoins can go down too, Bitcoin still feels like the only thing built differently.

[cabron]

No idea if you guys were paying attention but there is a huge fued going on with FTX and Binance. Basically some insolvency rumors and Binance dumping their FTT token coin.

We came close to breaking the yearly low earlier with that CZ tweet. It seems people are upset about SBF trying to make Defi illegal and many are out to get him. No idea how this will unfold. Many people leaving FTX now.

Noted, this is why I always say that even the biggest project in the crypto space can face any demise, crypto investment is high risk and this is one of the reasons why, low cap coins are higher risk but even top 10-30 altcoins can go down too, Bitcoin still feels like the only thing built differently.

Long-time investors are aware of that, it's no surprise that a top altcoin will die or crash during bear season. The surprise here is that FTT is owned by Alameda research, one of the top VCs, and is the token of the world's 2nd largest exchange FTX. Yesterday I had to sell all my FTT even though I expected it to compete with BNB and my target is $100/FTT, CZ has officially spoken and I trust CZ more than Sam. I'm lucky I didn't fall victim to Luna and I don't want to risk it this time either. I also regret selling all the FTT tokens but it's always a risky investment. If FTX does indeed default, it will be as devastating as Luna did.

I didn't think it was very serious until I saw thier tweets. I think FTX side already offered to buy all CZ's FTT at $22. They wouldn't have a problem finding funds from someone to take the FTT from CZ. But of course, these are all stunts from FTX also. The exchange could be in trouble but I think the US government can find FTX a good asset in crypto.

Another dump like LUNA is the last thing we need this time when we are about to see the recovery of the market.

[dunfida]

No idea if you guys were paying attention but there is a huge fued going on with FTX and Binance. Basically some insolvency rumors and Binance dumping their FTT token coin.

We came close to breaking the yearly low earlier with that CZ tweet. It seems people are upset about SBF trying to make Defi illegal and many are out to get him. No idea how this will unfold. Many people leaving FTX now.

Lets put up some link towards these issues.
Binance Dumps FTX as FTT Loses 11% in 24 Hours
https://u.today/binance-dumps-ftx-as-ftt-loses-11-in-24-hours

and then

Breaking: FTX CEO SBF Responds As Binance Dumps FTX Token
https://coingape.com/breaking-ftx-ceo-sbf-responds-as-binance-dumps-ftx-token/

You would really know and its too obvious on whats the drama on here.
They do have their own intents and decisions to be made ahead.So its not something new into this market.