- FTT Price Surge
- Crypto Analysts’ Predictions
- What’s Next for FTX and FTT?
FTX token (FTT) price surged 60% after news broke about potential payouts that could start in October. The token's price breached the crucial $2 level and is now trading around $2.15.
FTT Price Surge
FTX token (FTT) saw a rapid price surge of 60% following news that debt payouts could begin as early as October. The token exceeded the $2 level and is currently trading around $2.15.
Crypto Analysts’ Predictions
Crypto analyst known as “Deadline” stirred up excitement on Twitter with a bold prediction about FTX and its native token.
"Over $16 billion debts distribution are getting paid next week," Deadline claimed, adding that "FTX is going through a major restructuring at the moment." The analyst went on to suggest that FTT could hit "$10-$30 once things start to move."
What’s Next for FTX and FTT?
The recent price surge comes against the backdrop of FTX’s ongoing bankruptcy proceedings. The exchange still owes billions to its creditors, and current efforts are focused on determining how much can be recovered.
There is speculation about potential payouts stemming from the liquidation of FTX’s assets. Some reports indicate that if the exchange manages to reorganize or restart its operations, it could positively impact the value of FTT.
However, many analysts remain skeptical about the likelihood of recoveries or a successful relaunch of the platform. As the story unfolds, all eyes will be on FTX and its token to see if these payout rumors materialize and what impact they might have on the broader crypto market.
In the coming period, all attention will be focused on FTX and its token FTT, with many traders and analysts closely monitoring the developments.
