• FTT hit a low of $1.37, crashing by 15% from the weekly high of $1.61.
• Analyst Mags argued that FTT would either see a 5X rally or drop to zero.
• Targeting a $10 price point, the analyst predicts an “inverse FTX” scenario for FTT.

FTX’s native token, FTT, has plummeted amid the ongoing Bitcoin-led price correction, recently hitting a low of $1.37, down approximately 15% from its weekly high of $1.6109. The token has also declined over 20% from its value a month ago.

However, some market analysts see potential in FTT, betting on significant price growth. In an X post, technical analyst Mags revealed accumulating FTT over the past few weeks, acknowledging that FTT is a “shitcoin” lacking inherent utility to boost its value beyond market speculation.

Despite this, Mags asserted that FTT could experience gains of up to 500% when market conditions improve, arguing that FTT will either see a 5X rally or drop to zero.

Specifically targeting a $10 …

The post FTX’s Ghost Token: Can FTT Defy the Odds and Deliver 5X Returns? appeared first on Coin Edition.

• FTT hit a low of $1.37, crashing by 15% from the weekly high of $1.61.
• Analyst Mags argued that FTT would either see a 5X rally or drop to zero.
• Targeting a $10 price point, the analyst predicts an “inverse FTX” scenario for FTT.

FTX’s native token, FTT, has plummeted amid the ongoing Bitcoin-led price correction, recently hitting a low of $1.37, down approximately 15% from its weekly high of $1.6109. The token has also declined over 20% from its value a month ago.

However, some market analysts see potential in FTT, betting on significant price growth. In an X post, technical analyst Mags revealed accumulating FTT over the past few weeks, acknowledging that FTT is a “shitcoin” lacking inherent utility to boost its value beyond market speculation.

Despite this, Mags asserted that FTT could experience gains of up to 500% when market conditions improve, arguing that FTT will either see a 5X rally or drop to zero.

Specifically targeting a $10 …

The post FTX’s Ghost Token: Can FTT Defy the Odds and Deliver 5X Returns? appeared first on Coin Edition.