Is Ftx a Good Investment

By | July 1, 2022


  • Bullish FTT price prediction for 2022 is

    $31.80 to $64.38.
  • The FTT price will also reach $80 soon.
  • Bearish FTT price prediction for 2022 is $15.50.

In FTX Token (FTT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about FTT to analyze the future movement of the cryptocurrency.

FTX Token (FTT) Current Market Status

According to CoinGecko, the price of FTX Token (FTT) is $24.95 with a 24-hour trading volume of $70,156,544 at the time of writing. However, FTT has decreased to 5.8% in the last 24 hours.

Moreover, FTX Token (FTT) has a circulating supply of 135,348,550 FTT. Currently, FTT trades in cryptocurrency exchanges such as Binance, FTX, FMFW.io, WhiteBIT, HitBTC, Bitget, and Bitrue.

What is FTX Token (FTT)?

FTX Token (FTT) is the native utility token FTX, centralized exchange (CEX). This prominent crypto exchange was founded by Sam Bankman-Fried and Gary Wang.  FTT was initially launched as an ERC-20 token in May 2019. The exchange token is compatible with Ethereum, Binance Smart Chain (BSC), and Solana blockchain.

FTX Token (FTT) is a deflationary token. That is, its supply will reduce with time, and eventually, the increasing demand will hike its value in the market. FTT is utilized as the trading fees on the exchange and users can earn rewards on staking it.

FTX Token (FTT) Price Prediction 2022

FTX Token (FTT) holds the 21st position on CoinGecko right now. FTT price prediction 2022 is explained below with a daily time frame.

The above chart of FTX Token (FTT) laid out falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.

This pattern indicates a breakout in the price trend towards an upswing.

From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, FTX Token (FTT) is at $25.6. If the pattern continues, the price of FTT might reach the resistance level of $28.94, $39.83, and $51.21. If the trend reverses, the price of FTT may fall to $21.17.

FTX Token (FTT) Support and Resistance Levels

The chart below shows the support and resistance levels of FTX Token (FTT).

FTT/USDT Support and Resistance Level (Source:

TradingView
)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of FTX Token (FTT).

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Resistance Level 1 $31.80
Resistance Level 2 $37.73
Resistance Level 3 $48.64
Resistance Level 4 $64.38
Support Level 1 $20.88
Support Level 2 $15.50
FTT Resistance & Support Level

The charts show that FTT has performed a bullish trend over the past month. If this trend continues, FTT might run along with the bulls overtaking its resistance level at $64.38.

Accordingly, if the investors turn against the crypto, the price of the FTT might plummet to almost $15.50, a bearish signal.

FTX Token (FTT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of FTX Token (FTT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of FTT lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of FTX Token (FTT) is shown in the above chart. Notably, the FTT price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, FTT is in a bearish state. There is a possibility of a reversal trend of FTT at any time.

Meanwhile, the relative strength index (RSI) of the FTT is at a level of 48.81. This means that FTT is in an oversold state. However, this gives confidence to the traders to trade without any fear.

FTX Token (FTT) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of FTX Token (FTT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

FTT/USDT ADX, RVI (Source:

TradingView
)

The above chart represents the ADX of FTX Token (FTT). Currently, FTT lies in the range of 22.22, indicating a weak trend.

From the above chart, the Relative Volatility Index (RVI) of FTX Token (FTT). RVI measures the constant deviation of price changes over a period of time. The RVI of FTT lies just below 50, indicating low volatility. In fact, FTT’s RSI is at 48.81, thus confirming a potential buy signal.

Comparison of FTT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and FTX Token (FTT).

BTC Vs ETH Vs FTT Price Comparison (Source:

TradingView
)

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From the above chart, we can interpret that FTX Token’s (FTT) price action has gained momentum over the trends of BTC and ETH. It is now moving in the opposite direction. That is, when the price of BTC and ETH increases, the price of FTT decreases. When the price of BTC and ETH decreases, the price of FTT increases.

FTX Token (FTT) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  FTX Token (FTT)
might probably attain $92 by 2023.

FTX Token (FTT) Price Prediction 2024

With several upgrades in the network, FTX Token (FTT) might enter a bullish trajectory. If the coin grabs the attention of major investors, FTT might rally to hit $111 by 2024.

FTX Token (FTT) Price Prediction 2025

If FTX Token (FTT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, FTT would rally to hit $126.

FTX Token (FTT) Price Prediction 2026

If FTX Token (FTT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, FTT would rally to hit $138.

FTX Token (FTT) Price Prediction 2027

If FTX Token (FTT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, FTT would rally to hit $154.

FTX Token (FTT) Price Prediction 2028

If FTX Token (FTT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, FTT would hit $170

FTX Token (FTT) Price Prediction 2029

If investors flock in and continue to place their bets on FTX Token (FTT), it would witness major spikes. FTT might hit $183 by 2029.

FTX Token (FTT) Price Prediction 2030

With greater advancements in the FTX ecosystem, the crypto community might continue to invest in FTX Token (FTT) for the next 8 years and drive significant price rallies for the token. Hence, FTX Token (FTT) might hit $200 by 2030.

Conclusion

With continuous improvements in the FTX network, we can say that 2022 is a good year for FTT. For this reason, the bullish price prediction of FTX Token (FTT) in 2022 is $64.38. On the other hand, the bearish price prediction of FTX Token (FTT) for 2022 is $15.50.

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Furthermore, with the advancements and upgrades in the FTX ecosystem, the performance of FTX Token (FTT) might hit $80 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $84.18 in the near future.

FAQ



1. What is FTX Token (FTT)?

FTX Token (FTT) is the utility token of FTX, a centralized exchange (CEX). FTX and its deflationary token, FTT, were launched in May 2019.



2. Where can you purchase FTX Token (FTT)?

FTX Token (FTT) has been listed on many crypto exchanges which include Binance, FTX, FMFW.io, WhiteBIT, HitBTC, Bitget, and Bitrue.


3. Will FTX Token (FTT) reach a new ATH soon?

With the ongoing developments and upgrades within the FTX platform, FTX Token (FTT) has a high possibility of reaching its ATH soon.


4. What is the current all-time high (ATH) of FTX Token (FTT)?

On September 09, 2021, FTX Token (FTT) reached its new all-time high (ATH) of $84.18.


5. Is FTX Token (FTT) a good investment in 2022?

FTX Token (FTT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of FTX in the past few months, FTT is considered a good investment in 2022.


6. Can FTX Token (FTT) reach $80?

FTX Token (FTT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then FTX Token (FTT) will hit $80 soon.


7. What will be FTX Token (FTT) price by 2023?

FTX Token (FTT) price is expected to reach $92 by 2023.


8. What will be FTX Token (FTT) price by 2024?

FTX Token (FTT) price is expected to reach $111 by 2024.


9. What will be FTX Token (FTT) price by 2025?

FTX Token (FTT) price is expected to reach $126 by 2025.


10. What will be FTX Token (FTT) price by 2026?

FTX Token (FTT) price is expected to reach $138 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Is Ftx a Good Investment

Source: https://thenewscrypto.com/ftx-token-ftx-price-prediction

Posted by: finance.companiamedica.com

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