Will FTT token everly hit it ATH again?

[JeffBrad12]

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

But the experts are considering the relaunch of the FTX exchange a catalyst event. FTT is related to that exchange so if FTX manages to relaunch it will be a positive sign for FTT holders. Actually, the FTX exchange wasn't that bad and it has institutional investors in it. So a relaunch of FTX with better service and a better management team can help the FTT project itself survive in the industry. I am not sure they will succeed or not because a lot of people lose their funds in FTX and just want them back.

there's no saying that the new management will keep recognizing FTT as the token of FTX in the past, they could just outright refuse to recognize it to be honest since they are new management they have no burden to continue something thats already failing, also before we are talking about new management of FTX we should talk about reimbursement first, there's many rumour that FTX only willing to reimburse using old rate where they are collapsing and that not exactly what people wanted since they are losing the money around ftx collapse which is at the bearish they also want to be reimbursed in form of crypto which right now has risen quite the amount at least.
its overall still difficult situation to deal with FTX but what can save it is money, and if they do make reimbursement i highly dobut they will continue ftt.

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[Bazzu]

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

[Silberman]

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

Anyone interested in that coin needs to tread carefully, the collapse that coin suffered was a big event that shook the market and it affected it for quite some time, and while some may think that the come back of such exchange will be good news, I do not think this is the case, as this will mean that a coin that by right should have disappeared long time ago will keep its place on the market long enough to lure more people to invest in it, and most likely those people will suffer huge losses once the exchange failed as no one will be interested in using it out of fear of another collapse.

[Samlucky O]

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
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As at the time I created this thread, I was thinking maybe the move it made would make it grow just as other altcoins like SOL and ORDI was growing, but to my greatest suprise I see that it didn't grow as expected. Though I can't predict it's future but I don't really think if this coin can recover anytime soon or even if it can.

[Abiky]

That doesn't mean he would have meant FTT, but the other assets the FTX holded. Because it's wiser for them to sell them via over-the-counter market, rather then dumping them to buy walls and crash the market even more.

It wouldn't even make any sense for any company to buy FTT as it was an ftx token and has no use case for anyone else. It would just be a token with a tainted and shady reputation. It doesn't make any sense for anyone buying that up. Even if someone wanted to rebrand FTX under a new name, buying ftt because of it would be equivalent to throwing money in a fire pit. It serves no one but a fire.

The new company might make a "burn program" for FTT holders to "burn" their tokens in exchange for a new one. If they don't, then holders will be "rekt" in the long run. It's not worth buying this token because of the huge risk of loss. People just want to speculate on it with the hopes of making money in the long run. It's a "free market", so who are we to blame?

I think FTX will pass onto history as the worst crypto exchange ever. If Mt, Gox didn't make a comeback, what makes people think FTX will? Hopefully, this would be the last time a crypto exchange of a large scale collapses in its entirety. With regulators weighing in, investors/traders can feel confident their funds will be safe no matter what. Just my opinion

[Tipstar]

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.

[FanEagle]

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

I feel sorry for those who FOMO, thinking what they read will happen. They should have learned their lessons by now. I hope so? With all the damage that FTX have delt, I don't think they can restore their reputation again. And how will they pay those who owe them money? They need to that first. In investing, there is always a risk. If one don't want to face it, then they shouldn't invest at the first place.

It does not mean though that we will now invest on projects like FTT, but we should only go for the best ones. If the same people behind FTX wants to try again, they better do that on a brand new project and for sure they will conceal their selves which will still make the investors doubt about them.

[Abiky]

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.

I don't understand why CEXs let customers trade FTT for other cryptocurrencies. They should've de-listed it already to prevent huge losses in the long term. After all, FTX is no longer operable. I guess if there's a huge dip in FTT's price, investors/traders make a class-action lawsuit against CEXs. I'm yet to see how that will play out in the long run. The odds of FTX making a comeback are slim, especially when the brand's already "tainted". They would have to come up with a new name and a new token to lure investors into their business.

Crypto has come a long way since both the Mt. Gox and FTX's collapse, so I'm hoping things will get better in the future. With regulators weighting in, what could go wrong?