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Highlights
- Backed by the Almeda Research, the FTT token is unique as it offers futures and leveraged tokens for the investors.
- FTX CEO Samuel Bankman-Fried at the hearing of the US House Committee on Financial Services highlighted cryptos can change lives.
- FTT is ranked 30 on CoinMarketCap and was trading at US $42.49 with a trading volume of US $156,163,173 over a day.
After witnessing a lull period for a few months, the FTX (FTT) token is showing signs of revival. FTT has been seeing red since October. The recent drop on December 4 made its case worse. The market experts were predicting that amidst low volatility, the FTT token could crash if the trend continues. But on Thursday, it seems to have climbed out of the hole and seeing green for the first time in three months.
The surge was after FTX CEO Samuel Bankman-Fried spoke at the hearing of the US House Committee on Financial Services on Wednesday where he highlighted how cryptos can change lives. During the hearing, he said cryptos can play a major role in the near future.
Also read: Mongoose coin surges by 110,000%: Is it another scam?
What makes FTT token unique?
Backed by the Almeda Research, the FTT token is unique as it offers futures and leveraged tokens for the investors. Designed by professionals, it allows the trades to take place without having to bother about the margin. The users can stake the FTT tokens and earn rewards in the process. Besides, the stakers also benefit from the bonus votes, which are based on the trading volumes.
FTT Token: Is it worth your money?
Performance today
FTT is ranked 30 on CoinMarketCap and was trading at US $42.49 with a trading volume of US $156,163,173 over a day. FTT was up by 1.49% in the last 24 hours and had a live market cap of US$5,918,031,604 with a circulating supply of 139,295,691 FTT coins.
Also read: ECOMI (OMI) crypto: Is it the right investment for you?
Despite the lows, the FTT token is often considered to be a token with good returns. In fact, of late there also been instances of whales circling the FTT token with an anonymous wallet address accumulating approximately 14.74 million FTT coins worth a staggering US $747.76 million. Although there is no confirmation about these details, but the Twitter world is abuzz with the news and several participants sounding surprised by the surge.
Experts are predicting a prolonged period of green for the FTT token as we head into 2022. They believe that it could see a phenomenal growth of +600% and could reach up to US$700 by the 2026.
