Altcoins

Here’s What Next For BNB, FTT And ETH Price

Written by: Nidhi Kolhapur

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Dec 12, 2021

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BTC, ETH, and most other altcoins are still losing value, thus the crypto market isn’t out of the woods yet. In the last several days, Ethereum has also experienced a roller-coaster ride. Last Friday, it was about $4,700 when the market crashed, bringing it down to $3,500. The majority of the larger-cap alts are in the same boat. Binance Coin (-2%) and Ripple (-6%) appear to have weathered the latest downturn quite well.

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BNB , FTT and ETH Price Analysis

A well-known crypto trader is anticipating optimistic scenarios for Binance Coin (BNB) and Ethereum (ETH), while also predicting that the FTX exchange’s utility token (FTT) is likely to bottom.

Starting with Binance Coin, the crypto analyst Smart Contracter claims that the Binance Smart Chain’s native token is just a few percentage points away from setting an all-time high on the Bitcoin (BTC) chart. According to him, Binance Coin is also on its way to a new all-time high on the US dollar chart.

Smart Contracter claims that Ethereum, the second-largest cryptocurrency by market cap, has broken out when compared to Bitcoin (ETH/BTC).

The breakout on the ETH/BTC chart, according to the crypto analyst and trader, is also a bullish indication for the Ethereum/US dollar pair (ETH/USD).

By the time the ETH/USD pair reaches an all-time high, you’ll all be thinking, ‘dang, maybe that ETH/BTC breakout was a clue’.

The crypto expert believes that FTT, the utility token of the FTX cryptocurrency exchange, could resume its upward trend after striking a bottom forming around a solid support level. Just a friendly reminder” The prospect for a massive FTT bottom has already been basing for 5 days. I don’t think we’ll be able to stay down here for much longer before things pick up again, he said.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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