Cryptocurrency Price Prediction

FTX Price Prediction 2022: Will FTT Price Take A Leg Up To $100?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 22, 2022

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The previous year turned out to be the wealthiest season for altcoins. As most of them have outperformed the most dominant asset Bitcoin. One such asset that amazed the crypto space with massive price spikes in Q1 was the FTX token. Wherefore, certain marketers are still keen on the price projections of FTT.

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 the Counter (OTC) trading. But what can we expect from the FTX token, will the FTT price surge or plunge in the upcoming five years? Look no further, as we decode the plausible price targets for 2022 and beyond!

Overview

Cryptocurrency.FTX Token.
Token.FTT.
Price.$54.45.
Market Cap.$6,324,811,596
Trading Volume.$299,293,621
Circulating Supply.120,455,699.42 FTT
All-time high.$85.02 on September 9th, 2021.
All-time low.$1.15 on August 9th, 2019.

FTX (FTT) Price Prediction For 2022 

Potential LowAverage PricePotential High
$79.45$97.25$115.65

  FTX price had made its way to the year 2022 in a downtrend, with a price tag of $38.53. The price further slumped to $35.10, by the 9th of January. However, an uptrend pushed the price to $46.62, by the 20th of January. The uptrend was short-lived as turbulence in the business dragged the price to $31.66, by the 22nd of January.

While a spike in volumes pushed the price to $48.83 by the 10th of February. Torments in the business resulting from anxiety over FED’s tapering, and geopolitical tension between Russia and Ukraine led to FTT’s price finding support at $40.74. A leg-up starting from the 16th of March paved the way for the quarterly closure at $52.02.

FTX’s (FTT) Price Prediction For Q2

  FTT’s price has faced south since the start of the second quarter. The price of the altcoin is presently sticking closer to its support levels at $42.45. The return of bullish volumes will help propel the price to $47.85. A surge in price could help the cryptocurrency to rise to $58.64, by the end of the quarter.

That said, regular buying and selling pressures could settle the price at $51.04. On the other hand, bearish trends could drag the price down to $41.47.

FTT’s Forecast For Q3

  Developmental initiatives and technological advancements such as increased scalability, adaptability, and transaction speeds, could further drive collaborations and adoptions. As a result of which, the price of FTT could surge to its potential high of $82.67.

Conversely, negative criticism and liquidations can draw the price down to $58.99. Successively, a linear price momentum could land the price at $71.83.  

FTX’s Prediction For Q4

 The fourth quarter could turn imperative for FTT’s price propulsion, provided the firm employs community-building initiatives. Which would further stimulate the growing optimism of the fourth quarter. Wherefore, the price of the digital coin could rise to its maximum of $115.65, by the end of 2022.

On the contrary, a market dump could result in the price finding support at $79.45. Considering the bullish and bearish targets, the average price could settle at $97.25

FTT Price Forecast For 2023

The year would 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, FTT price remains invulnerable to bears. The asset would hit a maximum of $180.07. However, if bears haunt the rally the altcoin would settle down around $119.95

Price Prediction For The Next Five Years

 Whilst predicting the price for the long term, it is implicit to analyze its historical footprints. And how it behaves when bears take control of the market. FTX Token has responded well enough to the market fluctuations in the past. Collectively, this secure and fast network has the potential to reach $481.91 by the end of the next five years. 

If the coin fails to introduce new upgrades and regulatory constraints across different territories. This may result in a pullback of the price rally to $194.06. Considering all aspects, the altcoin could trade at an average price of $343.32.

YearPotential LowPotential High
2023$119.95$180.07
Next 5 Years$194.06$481.91

What Does The Market Say?

Wallet Investor:

  According to the technical analysis of Wallet Investor, the FTT token may escalate to a maximum price of $42.721, by 2022. The firm anticipates the average price to settle at $32.501.  And a trend reversal to take the price to $21.923. The analysts expect the price of FTT to close 2023 and 2025, at maximum levels of $61.419, and $125.374. 

Digital Coin Price:

  As per the prediction of Digital Coin Price. FTT might see a steady rise and may hit a maximum of $58.94 by the year-end. The website has given a feasible target for the long term. The forecast pins the maximum closing target for 2023 at $61.419, and $125.374 for 2025.

Gov.Capital:

As per the data analysis of Gov.Capital, the FTX token may surge to new highs reaching $81.30 by this year-end. It expects the minimum and average price targets to occur at $60.09 and $70.69. According to the website, the FTT price is expected to close 2025 with a maximum target of $569.24. 

Click here to read our price prediction of Harmony’s (ONE)! 

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 with 5x leverage. They can simply purchase a 5x short Ethereum leveraged token on FTX.

Fundamental Analysis

  FTX token was launched by Sam Bankman-Fried 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. 

Almeda 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.

Our Price Prediction

The FTX token seems to be unstoppable with its series of initiatives. This platform is the best-suited investment in the current uncertain market scenario. According to Coinpedia’s formulated FTT price prediction. The altcoin would continue buzzing its milestones with constant upgrades, it may smash $116 by the end of 2022.

On the contrary, market fluctuations and uncertain economic crisis across the world. Even failure of upgrades can be a possible setback for the altcoin. And thereby the FTT price may drop to the strong support zone around $79.45 by the year-end. Considering all viewpoints, the average price of the token would be around $97.25 by the end of this year.

Historic Market Sentiments

2019 and 2020:

FTX Token made its debut in June 2019 with an initial coin offering of $1.76. In the same year after smashing a peak price of $2, the price surged to $4.2 in mid-2020. As the platform was not so active during the initial two years of its launch, the price failed to reach new highs. The coin lingered at $5 for at least 4 months till the month of December in 2020.

2021:

 FTX token initiated the year 2021 with a trading price of $5.82. On a bullish note, the altcoin started study rise further and smashed $61.25 by mid-May. However, on May 19, the price faced a significant pullback dipping to $24.55. The FTT price failed to regain momentum till late July. 

The token’s price had a massive gain thereafter reaching a new ATH of $85.02 on September 9th, 2021. The market turmoil coming out of China plummeted the price rally dumping the asset’s price to $48.15 on September 21st. Later, the platform announced a sponsorship with Formula One (F1). Hence, forming a rising wedge pattern the price surged by more than 8% on October 10th taking the price to $56.79. 

FTT price has faced a heavy rejection at $63.83 as huge sell-pressure built upon that area. The protocol had experienced a prolonged bearish streak of two months. Where it had lost 30% of its value reaching $38 by the year’s end. 

To read our price prediction of Tezos (XTZ) click here!

FAQ


Q: Is FTX Token a good investment?

A: Yes, if you are planning for the long term, FTT looks promising. As the platform is coming up with new events and also planning to tie up with high-level tech firms.


Q: Is FTX Token worth buying in 2022?

A: Yes, FTX Token also has the potential to be a profitable short-term investment.

Q: Will FTX Token price hit $100 In 2022?

A: The price of the digital asset is expected to hit a maximum of $115.65, by the end of 2022.

Q: How high will FTT price rise by the end of the next five years?

A: The price of FTT could surge as high as $481.91, by the end of the next five years.

Q: Where can I trade the FTX Token?

A: FTX Token can be traded on several exchanges including Binance, OKEx, and Huobi, amongst others.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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