FTX Price Prediction 2023 – 2025: Has FTT Collapsed Or Will It Rise Again?

The previous year turned out to be the wealthiest season for altcoins. As most of those had outperformed the most dominant asset Bitcoin. One such asset that amazed the crypto space with massive price spikes in Q1 was the FTX token. The FTX is built on the ERC-20 token and is a crypto derivatives exchange. It aims to provide institutional-grade solutions by offering futures, leveraged tokens, and Over Counter (OTC) trading.

The dispute between Binance and FTT had brought chaos to the market as the price of FTT is being dragged down sharply. Has a “FUD” situation in the market appeared? Binance sold all of its holdings on FTT Tokens BASED ON THEIR PRIOR EXPERIENCE. Earlier this year, Terra (LUNA) collapsed, so Binance wants to be prepared this time with FTT tokens. The market cap of FTT has reduced significantly.

Will FTT face the same faith as Terra LUNA? Or will it be able to successfully regain the trust of investors and the market in the upcoming days? Past few days the token is being traded with a price volatility of $1.25 – $1.40. The market has gained stability and no major fluctuations are observed in the recent past.

Are you one of the many crypto market investors, who have been trying to analyze the situation and understand the future of this crypto and FTX price prediction? Buckle up your belts, as this write-up covers the possible future of the company and coin in the market. 

Overview

*The statistics are from press time.

FTX Token Price Prediction

FTX (FTT) Token Price Prediction December 2022

This crypto has a volatile history. It has witnessed many bullish and bearish trends in the past but has managed to regain its strength every time. The token has outperformed its competitors and has made its stand in the market. If this crypto manages to do so again then the price may go as high as $1.68.

On the contrary, a market dump could result in the price finding support at $1.10. Considering the bullish and bearish targets, the average price could settle at $1.39. Will FTT price be able to confirm its ATH at least next year?

FTX Crypto Price Forecast 2023 

The year will remain challenging as inflation fears might impact the market for the next two years. If it comes up with suitable upgrades inclined with a trend, the FTT price remains invulnerable to bears. 

The asset would hit a maximum price of $3.17 with a variation of 15% keeping the terror of inflation into consideration. However, if bears haunt the rally the altcoin would settle down with a minimum price of $2.35. Successively, a balance in trade activities could conclude the average trading price at $2.76. 

FTT Coin Price Forecast 2024

If the crew behind the FTX token employs developmental and community-building initiatives. The altcoin could claim higher peaks amid Bitcoin’s halving event, which is also anticipated to happen in 2024. In such a case, the FTT price forecast could propel to its potential high of $4.79.

On the downside, ebbing prominence and stiffer competition could clutch the price to $3.68. That being said, the absence of propelling initiatives might curb the average price at $4.23. 

FTX Token (FTT) Price Prediction 2025

while predicting the price for the long term, it is implicit in analyzing its historical footprints. And how it behaves when bears take control of the market. FTX Token has responded well enough to market fluctuations in the past. Collectively, this secure and fast network has the potential to reach the maximum value of $6.01 by the end of 2025. 

If the coin fails to introduce new upgrades and regulatory constraints across different territories. This may result in a pullback of the minimum value to $4.73. Considering all aspects, the altcoin could trade at an average price of $5.37.

CoinPedia’s FTX Token Price forecast

Due to recent events, there is a huge downfall in the valuation of this crypto. Binance’s liquidation of FTT tokens has created chaos in the trading pattern and a possible FUD in the market. According to Coinpedia’s formulated FTT price prediction. The altcoin could recover itself from the situation and may smash $1.68 by the end of 2022.

On the contrary, market fluctuations and uncertain economic crises are spreading across the world. Even the failure of upgrades can be a possible setback for the altcoin. And thereby, the FTT price may drop to the strong support zone around $1.10 by the year-end. Considering all viewpoints, the average price of the token would be around $1.39 by the end of this year.

Market Analysis

*The aforementioned targets are the average targets set by the respective firms.

What Is FTX Token?

FTX is a crypto derivatives trading ecosystem that owns a native token termed FTT. The token can be utilized as collateral for futures trading, earning commissions on trading fees, getting Over-The-Counter rebates, and more.

The platform solves the existing problems associated with futures trading. On other exchanges present in the market, the collateral is divided across separate token wallets. However, FTX derivatives are stablecoin-settled and need only a universal margin wallet to limit future positions from getting liquidated. 

Another exciting feature of the platform is leveraged tokens that enable investors to fill leveraged positions without any margin trading. For example. if the user wants to short ethereum ethereum Blockchain NetworkTechnology with 5x leverage. They can simply purchase a 5x short Ethereum leveraged token on FTX.

Company Details

ftx exchange

• Centralised Exchange

FTX Trading is a digital currency exchange platform that allows users to trade cryptocurrency for other assets such as standard fiat money or other digital currencies. The platform allows selling and buying a variety of digital assets like Bitcoin, Ethereum, Solano, and Dogecoin with low trading fees. The company was founded by Sam Bankman Fried and Gary wang in the year 2019 and is headquartered in Nassau, New Providence, and The Bahamas.  FTX manages FTX.US, a branch that specialized in exchanges that are available to US Citizens. The company offers industry-unique products, first-generation products, leverage tokens, and volatility products.   Providing market-leading liquidity from the top market manufacturers in the industry to the most forthcoming distribution. The company's mission is to develop a digital currency ecosystem, provide a platform for US traders to inspire their loyalty, and become a market that will lead to the conversion of US cryptocurrencies over the next couple of years.  The platform offers BTC, LTC, ETH, BCH, PAXG, AND USDT and has created a feature base more than any other major US company. The company has partnered with leading cryptocurrency companies that include Paradigm, Sequoia, Fenwick West, Proof of Capital, True USD, Paxos, and Circle. 

Fundamental Analysis

FTX token was launched by sbf and Gary Wang on May 8th, 2019. The founder completed his bachelor’s degree from the Massachusetts Institute of Technology. And gained experience at the Centre for Effective Altruism as director of development. Sam Bankman Fried is also the present CEO of the FTX network.

Gary Wang completed his graduation from the Massachusetts Institute of Technology in computer science and mathematics. The co-founder previously gained experience as a software engineer at google. He currently works as chief technology officer at crypto derivatives exchange platform FTX. 

Almedaresearch Research owns the FTX network, which is one of the reputed institutes in cryptocurrency trading and enables large liquidity pools. The FTX platform is built by a dedicated team, who are experts in the relevant field.

Latest Updates on FTX 

Cryptocurrency exchange FTX collapsed in the first week of November 2022 following a report by CoinDesk highlighting potential leverage and solvency concerns involving trading firm Alameda Research. FTX faced a heavy liquidity crisis and a search for bailout funds. CZ’s rival exchange Binance considered buying portions of the company but quickly backed out.

By Nov. 11, 2022, FTX’s CEO stepped down and the company filed for bankruptcy. In the hours following, FTX experienced a possible hack in which hundreds of millions worth of tokens were stolen.

Historic Market Sentiments

2019:

• The token made its first appearance in the listing in June 2019 with an initial offering price of $1.76.
• FTX achieved its $2 mark on the 20th of December.

2020:

• The year was very stable, and constant fluctuation was observed in the chart. The price varied between $2 – $5 for the whole year.
• The crypto achieved its $5 mark during the last trading month of the year and reached an ATH of $5.78 on new year’s eve. 

2021:

• As the bullish run took place, the crypto smashed all the records and reached an ATH of $61.25 by mid-May.
• A sudden bearish trend was observed in the trend, and the value of the coin was slashed by 60%, resulting in a trade value of $24.55 per buy. 
• The last months of the trading year were volatile and were taken over by the bear market.
• The closing trade price of the crypto to $38 per buy.

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