What Is FTX Token (FTT)?
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.
The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement.
In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.
On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.
Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.
Who Are the Founders of FTX Token?
The FTX Token or FTT was founded by Sam Bankman-Fried and Gary Wang.
Sam Bankman-Fried is the co-founder and chief executive officer at FTX: Cryptocurrency Derivatives Exchange. He is also the CEO of Almeda Research and worked as a director of development at the Centre for Effective Altruism. He was also a trader at Jane Street Capital from 2014 to 2017.
Bankman-Fried studied physics and has a bachelor’s degree from the Massachusetts Institute of Technology.
Gary Wang is the co-founder and chief technology officer at FTX: Cryptocurrency Derivatives Exchange. He is also the chief technology officer at Almeda Research. Before this, he worked as a software engineer, after moving up from a software engineering intern at Google. He was also a software engineer intern at Facebook.
He has a Bachelor’s degree in mathematics and computer science from the Massachusetts Institute of Technology.
FTX Token Price Prediction
If you’re looking for FTX Token price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of FTX Token (FTT) will go in the future? We will analyze the past prices of FTX Token (FTT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2021 | $ 35.78 | $ 39.54 | $ 40.67 |
| 2022 | $ 56.60 | $ 58.58 | $ 66.99 |
| 2023 | $ 81.94 | $ 84.29 | $ 98.32 |
| 2024 | $ 117.08 | $ 121.29 | $ 141.42 |
| 2025 | $ 171.36 | $ 176.21 | $ 203.93 |
| 2026 | $ 251.50 | $ 258.55 | $ 296.47 |
| 2027 | $ 354.54 | $ 364.88 | $ 434.81 |
| 2028 | $ 500.29 | $ 514.89 | $ 600.83 |
| 2029 | $ 734.82 | $ 755.41 | $ 867.98 |
| 2030 | $ 1,035.76 | $ 1,065.98 | $ 1,271.45 |
FTX Token Overview
| Coin Name | FTX Token |
| Coin Symbol | FTT |
| USD Price | $ 41.70 |
| Marketcap | $ 5,796,239,642 |
| 24h Volume | $ 137,562,421 |
| Total Supply | 334,868,098 |
FTX Token (FTT) Price Prediction
At reconshell.com we predict future FTX Token price predictions/FTT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of FTX Token. We do our best to collect maximum historical data for the FTT coin which include multiple parameters like past price, FTX Token marketcap, FTX Token volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
FTX Token Price Prediction 2021
According to our deep technical analysis on past price data of FTT, In 2021 the price of FTX Token is predicted to reach at a minimum level of $35.78. The FTT price can reach a maximum level of $40.67 with the average trading price of $39.54.
FTX Token Price Prediction 2022
The price of FTX Token is predicted to reach at a minimum level of $56.60 in 2022. The FTX Token price can reach a maximum level of $66.99 with the average price of $58.58 throughout 2022.
FTT Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of FTX Token is predicted to reach at a minimum level of $81.94. The FTT price can reach a maximum level of $98.32 with the average trading price of $84.29.
The price of 1 FTX Token is expected to reach at a minimum level of $117.08 in 2024. The FTT price can reach a maximum level of $141.42 with the average price of $121.29 throughout 2024.
FTX Token Price Prediction 2025
FTX Token price is forecast to reach a lowest possible level of $171.36 in 2025. As per our findings, the FTT price could reach a maximum possible level of $203.93 with the average forecast price of $176.21.
FTX Token Price Prediction 2026
According to our deep technical analysis on past price data of FTT, In 2026 the price of FTX Token is forecasted to be at around a minimum value of $251.50. The FTX Token price value can reach a maximum of $296.47 with the average trading value of $258.55 in USD.
FTX Token (FTT) Price Prediction 2027
The price of FTX Token is predicted to reach at a minimum value of $354.54 in 2027. The FTX Token price could reach a maximum value of $434.81 with the average trading price of $364.88 throughout 2027.
FTX Token Price Prediction/Forecast 2028
As per the forecast and technical analysis, In 2028 the price of FTX Token is expected to reach at a minimum price value of $500.29. The FTT price can reach a maximum price value of $600.83 with the average value of $514.89.
FTX Token (FTT) Price Prediction 2029
The price of FTX Token is predicted to reach at a minimum value of $734.82 in 2029. The FTX Token price could reach a maximum value of $867.98 with the average trading price of $755.41 throughout 2029.
FTX Token Price Prediction 2030
FTX Token price is forecast to reach a lowest possible level of $1,035.76 in 2030. As per our findings, the FTT price could reach a maximum possible level of $1,271.45 with the average forecast price of $1,065.98.
What Makes FTX Token Unique?
FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.
As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.
How Many FTX Token (FTT) Coins Are There in Circulation?
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading with a focus on institutional-grade solutions.
The FTX Token is the backbone of the FTX ecosystem, which was designed to increase network effects and demand for FTT as well as decrease its circulating supply.
FTT has a circulating supply of around 94 million tokens as of February 2021 and a total supply of about 345 million.
How Is the FTX Token Network Secured?
FTT is an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage the FTT tokens via its Ethereum app.
Both the FTT and the leveraged tokens security audits are done by the Blockchain Consilium auditing firm.
Where Can You Buy FTX Token (FTT)?
FTX Token or FTT can be purchased, sold and traded on several exchanges, including:
- Binance JEX
- HitBTC
- FTX
- Huobi Global
- Binance
