FTX’s Ghost Token: Can FTT Defy the Odds and Ship 5X Returns?

• FTT hit a low of $1.37, crashing by 15% from the weekly excessive of $1.61.
• Analyst Mags argued that FTT would both see a 5X rally or drop to zero.
• Focusing on a $10 value level, the analyst predicts an “inverse FTX” state of affairs for FTT.

FTX’s native token, FTT, has plummeted amid the continuing Bitcoin-led value correction, just lately hitting a low of $1.37, down roughly 15% from its weekly excessive of $1.6109. The token has additionally declined over 20% from its worth a month in the past.

Nevertheless, some market analysts see potential in FTT, betting on vital value progress. In an X submit, technical analyst Mags revealed accumulating FTT over the previous few weeks, acknowledging that FTT is a “shitcoin” missing inherent utility to spice up its worth past market hypothesis.

Regardless of this, Mags asserted that FTT might expertise positive factors of as much as 500% when market situations enhance, arguing that FTT will both see a 5X rally or drop to zero.

Particularly concentrating on a $10 …

The submit FTX’s Ghost Token: Can FTT Defy the Odds and Ship 5X Returns? appeared first on Coin Version.