- The price prediction for bullish FTX tokens ranges from $ 68.45 to $ 98.78.
- The FTX token price could also hit $ 150 soon.
- FTX Token’s bearish market price prediction for 2021 is $ 51.78.
This article on FTX Token (FTT) Price Prediction 2021 is based solely on technical analysis. Below are the key metrics we took into account when creating our FTX Token (FTT) price analysis and forecast.
In the past few days, the crypto market seems to be recovering quickly. In addition, the crypto market has been rising steadily for the past two months after the slump. Right now, it looks like the crypto asset industry is going to rise again.
Will FTX Token (FTT) experience the same price volatility? We will find out shortly in this FTX Token (FTT) Price Analysis Article 2021. But let’s first look at what FTX Token (FTT) is.
What is FTX token (FTT)?
FTX Token (FTT) is the native crypto token of the trading platform for digital asset derivatives FTX, which was launched on May 8, 2019. In addition, the team behind FTX consists of some of the biggest crypto traders in recent years who had problems with most of the mainstream crypto futures exchanges and decided to start their own platform.
In addition, FTX highlights the benefits of centralized collateral pools, clawback prevention, and universal stablecoin settlement as reasons for its popularity. With a view to preventing clawbacks, a significant part of customer funds was claimed by socialized losses on other derivatives exchanges. This is reduced by FTX’s three-stage liquidation model.
In existing crypto futures exchanges, collateral is divided into separate token wallets; This is a challenge for traders as it prevents them from liquidating positions. In contrast, FTX derivatives are settled with stablecoin and only require a single universal margin wallet.
Now that we have an idea of FTX tokens, do you think FTT will be a profitable crypto in 2021? Join me and let’s review the charts in this FTT Price Analysis and FTT Price Prediction together.
FTX Token (FTT) Current market status
As of the writing of this FTX token price analysis, FTT is trading at $ 56.83 with a 24 hour trading volume of $ 155,491,117. The price of FTT has increased 1.66% in the last 24 hours.
In addition, FTT has a current circulation of 120,361,225.22 FTT. Currently, the leading digital asset trading platforms for FTT are Binance, Huobi Global, KuCoin, FTX and Mandala Exchange.
Now we come to the next part of this technical FTT analysis for 2021.
FTX Token (FTT) price analysis 2021
Recently, FTT ranked 31st on CoinGecko. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price get higher? Let’s continue with the charts in this FTT price prediction article.
FTT / USDT chart with symmetrical triangle pattern (Source: TradingView)
In the daily timeframe chart shown above, we can see the symmetrical triangle pattern. This pattern shows the consolidation phase, which can lead to a fall or breakout in prices. For the foreseeable future, we can say that FTT has a higher chance of becoming bullish than bearish.
FTX Token Relative Strength Index (Source: TradingView)
The Relative Strength Index (RSI) stands at 51.67, which means that FTT is neither overbought nor oversold. Additionally, this suggests that crypto traders and investors can trade, but this forces crypto investors not to worry about a major price reversal.
In addition, crypto traders must act cautiously and not be affected by the hype surrounding the cryptocurrency market. With this in mind, cryptocurrency traders need to be careful to avoid unexpected losses due to the wild fluctuations in the crypto market.
Let’s also look at the Exponential Moving Average (EMA) and Simple Moving Average (SMA) of FTX Token.
FTX Token 30-day SMA and 50-day EMA (Source: TradingView)
Since the beginning of 2021, the price of FTT has seen many upward movements that are higher than the previous one. What is more, consolidations, fluctuations and corrections immediately follow. With this in mind, FTT has a competitive market in 2021.
FTX Token (FTT) price prediction 2021
The following graphic shows that FTT has developed extremely well over the past few days. In addition, the FTT price shows a bullish trend. If this trend continues, the FTT could run with the bulls, surpassing its $ 98.78 resistance level, and climbing even higher to $ 100.
Conversely, if investors turn against cryptocurrency, the bears could take over and push FTT out of their uptrend position. In simpler terms, FTT’s price could drop to nearly $ 51.78, a bearish signal.
Meanwhile, our long-term FTT price prediction for 2021 is bullish. It has a high probability of reaching new heights. However, this will only happen if many previous psychological resistances are broken.
FTX Token (FTT) price prediction 2022
If this upward trend continues, the FTT will hit $ 150 by the end of 2022. In addition, the first half of 2022 will see rapid growth up to $ 200. Then that increase will slow down, but no major declines are expected. With partnerships and developments ahead that hit $ 150, this is fairly bullish on pricing, but undoubtedly doable for the near future.
FTX Token (FTT) price prediction 2023
If the FTT holds the support level around 200-MA, the long-term moving average, buyers will have enough time and stability to forge the next offensive mission at the crucial level at $ 350 so that it doesn’t crash, but plays consistently.
FTX Token (FTT) price prediction 2024
Due to the latest upgrades, developments, FTT price forecasts and new project forecasts from the platform, FTT investors could expect many partnerships and integrations around 2024. Additionally, it could increase the price of FTT in the crypto market and it will be this best investment as the price can skyrocket and reach around $ 500.
FTX Token (FTT) price prediction 2025
FTT prices could rise as high as $ 750 over the next four years. Achieving this level should not be that difficult for FTT, however, as additional medium, short and long-term price targets for buy or sell orders could be found. This suggests that FTT is forecast to have a high probability of reaching a new ATH soon in the next five years.
FTT seems to have a great future ahead of it in 2021. With the ongoing developments within the FTT ecosystem and the overall crypto market, we can see that FTT will reach new heights.
Meanwhile, our long-term FTT price prediction for 2021 is bullish. Additionally, the bullish FTT has a high probability of hitting $ 98. However, this will only happen if it breaks the previous psychological resistance. It could even hit $ 150 if investors continue to side with FTT this year along with mainstream cryptocurrencies like Bitcoin and Ethereum.
What is FTX token?
FTX Token (FTT) is the native crypto token of the digital assets trading platform FTX, which will be launched on May 8, 2019.
How do I buy FTT tokens?
FTX Token’s native FTT asset is a good investment in 2021. Users can get FTT tokens by buying them on cryptocurrency exchanges such as Binance, Huobi Global, Mandala Exchange, FTX, and KuCoin.
Can FTT hit $ 150 anytime soon?
Yes, it is very possible that the FTT could hit $ 150 in the near future based on the current upward trend.
What will the FTX token price be by 2022?
The FTX Token (FTT) price is expected to reach $ 200 by 2022.
What will the FTX token price be by 2023?
The price of FTX Token (FTT) is expected to reach USD 350 by 2023.
What will the FTX token price be by 2024?
The price of FTX Token (FTT) is expected to reach $ 500 by 2024.
What will the FTX token price be by 2025?
The price of FTX tokens (FTT) is expected to reach USD 750 by 2025.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. No information in this article should be construed as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.