FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. It’s down 6% today. Will this be temporary or does it reflect a sustained trend? Read this guide to see if you should buy FTT and where to buy FTT now.
Top places to buy FTT now
Binance
Binance is a prominent global cryptocurrency exchange platform that provides a venue for buying, selling, and trading a vast array of digital currencies. Founded in 2017, it has quickly risen to become one of the largest platforms in terms of trading volume. Binance offers a variety of services including a crypto wallet, margin trading, and futures trading, catering to a diverse user base from casual traders to institutional investors.
Bitstamp
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
What is FTT?
The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement. In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.
Should I buy FTT today?
The decline may only be temporary as FTX is a solid exchange with an experienced team. Read some price predictions to get a better idea of price trajectory.
FTT price prediction
Price Prediction forecasts the price of the FTX token, which is currently around $41, will be at least $62 in 2022. The FTX token price can reach $77 by the end of next year. In 2023, the price is predicted to reach at least $86. It can go up to a maximum of $101 with the average trading price of $89. In 2024, the price of 1 FTT will be at least $127. By the end of the year, PP predicts it will go all the way up to $149 with an average trading price of $131.
According to PP, the lowest possible level in 2025 is $184. However, it could peak at $223.
FTT on social media
$43 is strong support for #FTX token. It also has the support of FIB 61.8%. We could expect consolidation around this level before we reach the above targets based on previous highs. pic.twitter.com/XtABmWfCHj
— Bitcoinsensus (@Bitcoinsensus) November 28, 2021
