FTX Token is a native cryptocurrency that offers a variety of digital assets. The current price of the FTT is equivalent to $1.61 with a 24-hour trading volume of $12225715.56. A user must sign up for a particular exchange before purchasing these FTT. More importantly, FTT is a native cryptocurrency of the FTT exchange. Don’t you know how FTT works in the cryptocurrency ecosystem? This blog post will discuss FTT’s origin, features, limitations, and alternatives.Â
Who Founded FTT, and What was the Purpose Behind It?
Gary Wang and Sam Bankman Fried created this native cryptocurrency (FTT) in 2017. It was recognized in 2019 as a cryptocurrency token for the FTT exchange. Initially, the main objective of FTT was to increase the user experience on the FTT network. The platform achieved this by offering multiple advantages to token holders.Â
Where to Buy FTT?
Follow the table to purchase the FTT token.
Cryptocurrency Exchange | Pair |
Bitfinex | FTT/USD, FTT/USDT |
Gate.io | FTT/USDT, FTT/ETH |
KuCoin | FTT/USDT, FTT/BTC |
Huobi Global | FTT/USDT, FTT/BTC |
Binance | FTT/USDT, FTT/BTC, FTT/BUSD |
FTT Exchange | FTT/ETH, FTT/BTC, FTT/USD |
FTX Token Price Prediction 2024 – 2026
The technical analysis of FTX Token pricing predicted for 2024 indicates that FTT Token will have a minimum cost of $1.29. The price of FTT has a maximum threshold of $1.42. An average trade price of around $1.55 is anticipated.Â
Based on a review of FTT Token values from prior years, the token’s minimum price is projected to be around $2.09 in 2025. The highest anticipated FTT cost might be around $2.48. In 2025, the market price may average $2.17.Â
According to the technical research conducted by cryptocurrency specialists on FTT Token values, FTT is predicted to reach a minimum of $3.04 and a high of $3.66 in 2026. The anticipated trading cost is $3.15 on average.
How Does FTT Operate in the Cryptocurrency Marketplace?
- An FTX token holder receives special concessions on trading fees.
- Being collateral, it is feasible to trade on FTT. In this way, users enjoy more leverage and flexibility in trading positions.Â
- You can stake FTT to receive extra advantages and rewards such as bonus votes in polls and enhanced referral rates.
- This native cryptocurrency contributes to the insurance fund and prevents token holders from trading losses.
- This platform conducts regular burns and buybacks of FTT using a portion of the network’s revenue. Additionally, it reduces the gross supply and improves the value of the remaining tokens.
What are the Main Features of FTX Token?
The key features of FTT are the following:
Network Integration
This native cryptocurrency has been integrated into the wider FTT network. It includes features such as tokenized stocks, prediction markets, etc.Â
Liquidity
FTT is a native token of a major cryptocurrency exchange. Its high liquidity makes it easier for users to purchase and sell tokens on FTT.Â
Cross-Managing
FTT supports cross-managing by enabling users to trade various digital assets. In this regard, FTT uses a single account with all balances netted together.
Does FTT have any Limitations?
Several limitations to FTT are the following:
High Competition
Multiple exchange tokens in the market provide tough competition to FTT. These include Huobi Token, Binance Coin, etc.
High Volatility
FTT is subject to price volatility like other cryptocurrencies. This volatility poses risks to investors and traders.
Rely on Exchange
The utility and value of FTT are subject to the stability of the FTT exchange. The exchange can face issues like regulatory actions, security breaches, etc.Â
Regulatory Concerns
FTT can face the risks and challenges like regulatory scrutiny. It can cause value and utility risks.
Best Alternatives to FTT
The best alternatives to FTX are the following:
KuCoin Token (KCS)
This native cryptocurrency provides staking rewards, fee discounts, etc.
OKB (OKEx Token)
This native cryptocurrency offers staking rewards, exclusive services, and fee discounts.
Huobi Token (HT)
This cryptocurrency offers access to special events, trading fee discounts, etc.
Binance Coin (BNB)
This cryptocurrency provides benefits similar to those of OKB and KuCoin Tokens. These benefits include staking rewards, Binance services, and fee discounts.Â
Final Words
FTX token is a native cryptocurrency that facilitates users to trade digital assets. It does not require high cost but the competition is high due to various other native cryptocurrencies.
For more: Realcryptomedia.com