- FTT hit a low of $1.37, down 15% from a weekly excessive of $1.61.
- Analyst Mags argued that FTT will both see a 5X rally or fall to zero.
- Specializing in the $10 value level, the analyst predicts an “inverse FTX” state of affairs for FTT.
FTX's native token, FTT, has plunged amid the continued Bitcoin-led value correction, not too long ago hitting a low of $1.37, down about 15% from its weekly excessive of $1.6109. The token has additionally dropped greater than 20% from its worth a month in the past.
Nevertheless, some market analysts see potential in FTT and wager on a big value enhance. In X's put up, technical analyst Mags uncovered the rallying FTT over the previous few weeks and acknowledged that FTT is a “shitcoin” that lacks the intrinsic utility to extend its worth past market hypothesis.
Regardless of this, Mags claimed that FTT may see a achieve of as much as 500% when market situations enhance, and argued that FTT will both see a 5X rally or fall to zero.
Particularly focusing on $10…
The put up FTX's Ghost Token: Can FTT defy the percentages and ship a 5x return? appeared first on Coin Version.
