- 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.
- Concentrating 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, 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 important value development. In an X publish, 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 good points 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 …
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