FTT Token Market Update — Is It Ready for a Comeback?
FTX Token (FTT) is back in the spotlight as traders eye its price action and renewed volatility. Currently trading near $1.14-$1.15, FTT has seen a modest uptick of around 3-5% this week, but remains far from its all-time high of $85.
Key Highlights:
Price Action: $1.15 (range $0.90 – $1.16)
Market Cap: ~$300M
Daily Volume: ~$13M – $14M
Circulating Supply: ~329M FTT
Despite the collapse of FTX in late 2022, FTT continues to be actively traded. The token’s value still benefits from deflationary tokenomics such as periodic burns, although trust in the project remains fragile.
Why Traders Watch FTT:
High Volatility: Daily price swings of 20–40% present opportunities for short-term gains.
Speculation on Recovery: Any positive news regarding the FTX bankruptcy resolution or asset recovery can act as a catalyst.
Technical Trends: Current short-term indicators show a mixed bias, with traders watching for a breakout above the $1.20 resistance zone.
⚠️ Risk Reminder:
FTT is still considered a high-risk asset, heavily tied to the outcome of FTX’s legal proceedings. It is best suited for experienced traders with a solid risk management strategy.No financial advice!