FTX Token Price Prediction 2022 – Will FTT Price Hit $100 Soon?

This FTX Token (FTT) Price Prediction 2022 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. It has gained 12.2% in the past 30 days.

Will FTX Token (FTT) experience the same price volatility? We’ll find out soon in this FTX Token (FTT) price analysis 2022 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 2022? 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 $44.46 with a 24-hour trading volume of $236,873,459. The price of FTT has decreased by 6.82% in the last 24 hours.

Furthermore, FTT has a current circulating supply of 138,024,907.62 FTT. Currently, the top digital asset trading platforms for FTT are Binance, Huobi Global, KuCoin, FTX, Gate.io, Bitfinex, Bithamp, and Mandala Exchange.

Now, let’s move to the next part of this FTT technical analysis for 2022.

FTX Token (FTT) Price Analysis 2022

Recently, FTT took the 27th 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.

From the On-Balance-Volume (OBV) chart above for FTT/USDT, it would be observed that the price is falling and the OBV is also showing a downtrend. This means that the price will keep for falling for some time till the direction of the OBV shows an uptrend movement.

From the Relative Strength Index chart for FTT/USDT, we can observe that the value of the RSI is 52.47 which shows a strong trend (in this case a downtrend) since the value is between 50 and 70. However, it is facing downwards, and approaching 50, which might lead to a period of consolidation soon.

From the chart above, the 90-MA is above the 30-MA for FTT/USDT 1day chart, which shows that FTT is bullish in the long run and that investors would recover the present losses in the future.

FTX Token (FTT) Price Prediction 2022

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 $49.87 resistance level and move even higher to $84.90.

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 $41.11 and even to $4.28, a 2022 bearish signal.

Meanwhile, our long-term FTT price prediction 2022 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 $84.90 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $49.87. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $100 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 90-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 $250, 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 $400.

FTX Token (FTT) Price Prediction 2025

In the next four years, FTT prices could race up to $800. 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.

FTX Token (FTT) Price Prediction 2026

The price of FTT could reach $1000 by the end of 2026 when we consider the increased adoption of crypto and exchange activities.

Conclusion

FTT seems to have a great future ahead in 2022. 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 2022 is bullish. Even more, the bullish FTT has a high possibility of reaching $84.90. However, that will only happen if it breaks the past psychological resistance. It may even reach $100 if investors continue to side with FTT this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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.