FTX Token Price Prediction 2021 – Will FTT Price Hit $150 Soon?

  • Bullish FTX Token price prediction ranges from $68.45 to $98.78.
  • The FTX Token price might also reach $150 soon.
  • FTX Token’s bearish market price prediction for 2021 is $51.78.

This FTX Token (FTT) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our FTX Token (FTT) price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market surges steadily. At present, it looks like the crypto-asset industry will surge high again.

Will FTX Token (FTT) experience the same price volatility? We’ll find out soon in this FTX Token (FTT) price analysis 2021 article. But first, let’s have a look at what FTX Token (FTT) is.

What Is FTX Token (FTT)?

FTX Token (FTT) is the native crypto token of the digital asset derivatives trading platform FTX which is launched on May 8, 2019. Moreover, the team behind FTX consists few of the hugest crypto traders over the past few years who have found problems with most mainstream crypto futures exchanges, decided to launch their own platform.

Furthermore, FTX emphasizes the benefits of centralized collateral pools, clawback prevention, and universal stablecoin settlement as reasons for its popularity. In terms of clawback prevention, a significant amount of customer funds have been claimed by socialized losses on other derivative exchanges. This is reduced by FTX’s three-tiered liquidation model.

In existing crypto futures exchanges, collateral is fragmented among separate token wallets; this is challenging for traders as it prevents them from liquidating positions. FTX derivatives, in contrast, are stablecoin-settled and only require a single universal margin wallet.

Now that we have an idea about FTX Token, do you think FTT will be profitable crypto in 2021? Join me, and together let us check the charts in this FTT price analysis and FTT price prediction.

FTX Token (FTT) Current Market Status

When writing this FTX Token price analysis, FTT trades at $56.83 with a 24-hour trading volume of $155,491,117. The price of FTT has increased by 1.66% in the last 24 hours.

Furthermore, FTT has a current circulating supply of 120,361,225.22 FTT. Currently, the top digital asset trading platforms for FTT are Binance, Huobi Global, KuCoin, FTX, and Mandala Exchange.

Now, let’s move to the next part of this FTT technical analysis for 2021.

FTX Token (FTT) Price Analysis 2021

Recently, FTT took the 31st position on CoinGecko. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FTT price prediction article.

FTT USDT Chart Showing Symmetrical Triangle Pattern
FTT/USDT Chart Showing Symmetrical Triangle Pattern (Source: TradingView)

In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that FTT has a higher chance of going bullish than bearish.

FTX Token Relative Strength Index
FTX Token Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 51.67, which means that FTT is in neither an overbought nor oversold state. Moreover, this indicates that crypto traders and investors can trade, however, this pushes crypto investors to not worry about any major price reversal.

Furthermore, crypto traders must trade cautiously and must not be affected by the cryptocurrency market hype. With this in mind, cryptocurrency traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of FTX Token.

FTX Token 30 day SMA and 50 day EMA
FTX Token 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, FTT’s price has seen many bullish moves, which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, FTT has a competitive market this 2021.

FTX Token (FTT) Price Prediction 2021

The chart below shows that FTT has performed great over the past few days. Moreover, the FTT price shows a bullish trend. If this trend continues, FTT might run along with the bulls, overtaking its $98.78 resistance level and move even higher to $100.

Conversely, if the investors turn against the crypto, the bears might take over and push FTT from its uptrend position. In simpler terms, the price of FTT might decrease to almost $51.78, a bearish signal.

Meanwhile, our long-term FTT price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

FTX Token (FTT) Price Prediction 2022

If this bullish trend continues, FTT will reach $150 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $200. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $150 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

FTX Token (FTT) Price Prediction 2023

If FTT holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $350, making it not plummet but play consistently.

FTX Token (FTT) Price Prediction 2024

As per the latest upgrades, developments, FTT price prediction, and new project forecasts of the platform, FTT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FTT in the crypto market, and it will be the best investment as the price can spike and reach around $500.

FTX Token (FTT) Price Prediction 2025

In the next four years, FTT prices could race up to $750. However, reaching this level could not be so difficult for FTT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FTT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

FTT seems to have a great future ahead in 2021. With the ongoing developments happening within the FTT ecosystem and the overall crypto market, we may see FTT reach new heights.

Meanwhile, our long-term FTT price prediction 2021 is bullish. Even more, the bullish FTT has a high possibility of reaching $98. However, that will only happen if it breaks the past psychological resistance. It may even reach $150 if investors continue to side with FTT this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is FTX Token?

FTX Token (FTT) is the native crypto token of the digital asset derivatives trading platform FTX which is launched on May 8, 2019.

How to Buy FTT Tokens?

FTX Token’s native asset FTT is a good investment in 2021. Users can obtain FTT tokens by purchasing them from cryptocurrency exchanges such as Binance, Huobi Global, Mandala Exchange, FTX, and KuCoin.

Can FTT reach $150 soon?

Yes, it’s very much possible that FTT might reach $150 in the near future as per the current bullish trend.

What will be the FTX Token price by 2022?

FTX Token (FTT) price is expected to reach $200 by 2022.

What will be the FTX Token price by 2023?

FTX Token (FTT) price is expected to reach $350 by 2023.

What will be the FTX Token price by 2024?

FTX Token (FTT) price is expected to reach $500 by 2024.

What will be the FTX Token price by 2025?

FTX Token (FTT) price is expected to reach $750 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

About The Blogger Scientist 12311 Articles
The Blogger Scientist is a "Medical Physiologist" and a "Financial Asset" Content Creator who aims at enlightening web reader on varying Financial Assets such as Stocks, FX, Crypto, MLM,. HYIP among others.

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