FTX is a cryptocurrency derivatives exchange that they claim to be most suitable for contemporary market demand as compared to BitMEX and OKEX and provides leveraged tokens, better futures, and OTC trading. This is because they have achieved more liquidity in less time. They have the support of the largest liquidity providers in the space, TUSD and USDC. They are optimistic about becoming one of the best crypto derivatives exchanges, as it has a proven record of success. This is because they have a good team they call an All-Star team that can make it become a dominant player by entering a crowded space and breaking the status quo. They come from many leading tech companies: Google, Facebook, Jane Street, Optiver, and Susquehanna.
Alameda Research is an approximately $100 million AUM quantitative cryptocurrency trading firm that is the largest liquidity provider and market maker in the space, and it backs FTX. According to their market volatility, Alameda trades between $600 million and $1 billion every day and ranks number fourth on the BitMEX leaderboard. FTX has also launched an automated OTC RFQ system that could scale our volume to $30 million per day without marketing and quickly provide some tightest spreads in the industry. Hence, it serves as the largest exchange and OTC desk and anticipates even faster growth with the marketing of FTX.
FTX (FTT) Fundamental Analysis
FTX has been one of the largest crypto futures traders since its inception by resolving many problems, writing countless white papers, and giving much feedback to these exchanges. They have taken the development into their own hands by clawback prevention, centralized collateral pool, universal stablecoin settlement, innovation of new products in leveraged tokens, and USDT Futures. FTX aims to reduce the chances of clawbacks as other derivative exchanges lose a large number of customer funds as claimed by socialized losses. They significantly reduce such happenings by using a three-tiered liquidation model.
FTX derivatives are settled with stable coins and need only one universal margin wallet to solve the issue of traders rebalancing and preventing positions from getting liquidated. The present future exchanges have fragmented collateral across many separate tokens and margin wallets. Its innovative product, leveraged tokens, lets the traders put on short and leveraged positions without margin trading. Other products are USDT futures that will act as game-changers. As several big crypto firms highly need some way to hedge USDT deltas due to their historical volatility, USDT futures will provide them with it.
As we have mentioned before, Alameda Research backs FTX, so many of FTX’s capabilities rely on Alameda’s expertise, making it unreplicable. FTX exchange is live and functional, unlike many other exchanges conducting token raises. It was very liquid from the first day compared to many other future exchanges. The experts in this domain have designed FTX carefully, and one of the heaviest users of products has redesigned everything, including collateral, maintenance margin, liquidation processes, and product listing from the ground.
They first launched USDT futures and leveraged tokens as they are in huge demand and are becoming popular. Their development cycle is very short, and their multiple features can roll out multiple features every day, as Alameda’s tech team is experienced in making complex crypto trading systems. Also, they have strong partnerships with USDC and TUSD, and Alameda is a part of secondary markets, having strong connections with top exchanges, trading firms, etc., for partnering with FTX.
How FTX Works
Their model for producing revenues of exchange fees and trading fees from leverage tokens and listing fees’ volume consists of six main aspects mentioned below.
Conventional Crypto PR/Marketing: They want to plan for releasing PR articles regarding trading competitions, meetups, traditional and crypto news outlets, content writing, employing influencers, AMAs, referral programs, etc.
FTX OTC: They have united their OTC portal with FTX, giving easy access to derivatives to all the OTC counterparties. They estimate their existing OTC user base accounts’ future volume of about $150m/day. They also think that their OTC user base will dramatically grow after marketing.
Stablecoin Fiat Gateway: They have strong relationships with the teams of TUSD and USDC. They are exchangeable through FTX OTC for large sizes.
Listing New Leveraged Tokens on FTX: They want to collaborate with popular projects for listing on their leveraged tokens.
Listing Leveraged Tokens on Other Exchanges: They hope for the listing of leveraged tokens on other venues and can achieve their target exposure by trading futures on FTX. Increased volume of leveraged tokens will also enhance FTX’s future volume.
Future Initiatives: They planned to add options, exchange tokens, and spot margin trading to FTX in the future.
Tokenomics
FTX’s native token is called FTX token or FTT. About one-third of all FTX-generated fees will be utilized for the repurchase of FTT, which will be burned. The platform will provide low trading fees with a discount on FTX futures and tighter spreads for OTC. FTT can also serve as collateral for future positions to increase utility and demand for FTT. Their brack tests and live stimulations have demonstrated that their backstop liquidity fund will experience an overall gain during a market movement instead of clawbacks.
Some portion of this gain will be used for socializing among FTT. They are also willing to collaborate with other projects that want to create leveraged tokens with their coins. Crypto institutions have some interest in buying a white label version of their OTC portal and future exchange in exchange for FTT. So FTT is the basic support system of the FTX ecosystem and will become even more useful after the addition of other derivatives of the asset.
FTX Future Plans
They think FTX will be the most well-reputed asset among these cryptocurrencies in the field of liquidity, along with the most attractive products, built-in flow, and substantial room for further growth over time. As Alameda Research OTC trades $30m/day, the team is working on moving all these clients to FTX OTC. They will expect their OTC volume with the addition of marketing; we expect our OTC volumes to double, adding another $30m/day. They are onboarding and getting good feedback from famous crypto trade firms that can lead to further FTX volume increase of a minimum of $10m/ day. They will also list leveraged tokens on other exchanges to add up another $10m/day of FTX volume. Considering these factors, they anticipate a $100m/day volume, with a real possibility of $1b/day. Their cheapest token has a $35 million market capitalization.
FTX (FTT) Price Analysis
FTT, the native cryptocurrency token of the trading platform FTX, was launched on May 8, 2019, and was first traded on July 31, 2022. The price of the FTX Token is $39. The CoinMarketCap ranked it as #24, with a market cap of about $5.3 billion, a circulating supply of 137 million FTT coins, and a maximum supply of 352 million FTT coins. It has grown exponentially since its inception and is anticipated to increase in the future.
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Crypto Academy FTX Token (FTT) Price Prediction
According to our analysis of its price history and records and its fundamental analysis, we are predicting the prices of FTX in the future.
FTX Token Price Prediction 2022
With their bullish price trend, most platforms, including us, predict the FTX Token (FTT) to experience an upswing the whole year 2022, with their growing volume and circulating supply. The maximum price can be $65, with an average price of $58. However, if we keep the series of sequential troughs, the minimum price of FTT can be $53.
FTX Token (FTT) Price Prediction 2023
Their star team and conventional marketing might make them further reputed with time making its price trend positive and maximum price of $75. If its rivals perform extraordinarily well and situations become a bit difficult, the price can drop to $65. However, this may not happen to make its average price to be $70.
FTX Token (FTT) Price Prediction 2024
FTX Token (FTT) has an outstanding possibility of a surge this year due to bitcoin halving and listing leveraged coins on FTX and other exchanges. It may rule the crypto world with a maximum price pegged at $85. FTT has the highest potential to remain in the market of digital assets so that the average price can be $75, and the minimum price can be $72.
FTX Token (FTT) Price Prediction 2025
Our long-term predictions for 2025 say that FTX Token price can surpass $105 due to its future initiatives and mass adoption. It may experience high demand and partnerships with other cryptos having the same initiatives; everyone may observe a record rise in price. The average price this month can be $87, and the minimum price can be $83.
FTX Token (FTT) Price Predictions 2026
FTX Token can boost the market sentiment and demand for tokens with its strong positive momentum. Traders and investors can easily trust FTX Token price movement in the long term. The highest possible price by the end of 2026 can jump to $150 by the end of 2026. It can have an average price of $110, and the minimum price might be $92.
FTX (FTT) Market Price Prediction
We have mentioned the price prediction of FTX from the point of view of various crypto-related websites.
Wallet Investor
They consider FTT a profitable investment. If you buy $100, you’ll get a total of 1.97 FTT. Their forecasts indicate a long-term increase in price, and the price in 2027 can be $143. So, your current investment of $100 can increase to $281.36 in five years, and the revenue could be around +181%.
Priceprediction.net
They expect the maximum FTT price to be at a level of $66.27 and the average price to be $59.31 by the end of 2022. In five years, their plan has indicated that the coin might effortlessly reach $261. Its price can increase in value, and experts and analysts predict it to be $2329 by 2030.
Digital Coin Price
The lowest price of FTX Token in the future can be up to $71.86, and the highest price can be $281.39. In one year, the token price can grow one time from the current price and become $77, and in three years, it can be $98. The price of an FTX token can be $98, $152, $181, and $216 in 2026, 2027, 2028, and 2029.
How to Buy FTX (FTT)
FTT is an altcoin, and you can buy it using another cryptocurrency, such as Bitcoin, through an altcoin exchange that supports the trade of both of them.
Step 1: Create an Account
You would need to create an account on a fiat-to-crypto exchange for buying Bitcoin using fiat money in this case. Coinbase is often used for this purpose.
Step 2: Select a Payment Method
After the registration process and proving your identity, select a payment method, such as a bank transfer or a credit card, to deposit money in your account. You can choose a method based on its speed, location, and affordability.
Step 3: Buy BTC
Enter the information needed for your trade and read the possible outcoming amount of your trade. If satisfied with all the conditions, confirm your purchase.
Step 4: Deposit it to an Altcoin Exchange
Now you have to look for an exchange that can allow the trade of an altcoin (FTT) and BTC. We will go for Binance this time. Copy its contract address and paste it to Uphold/ Coinbase. Transfer your BTC from that platform to Binance.
Step 5: Buy FTT
After getting the confirmation notification from Binance for the arrival of BTC, fill in the amount you want to trade with FTT. A price chart of BTC and FTT trade will appear. Read it carefully and then press the trade button after getting satisfied. Confirm the purchase.
Frequently Asked Questions (FAQs)
Is FTX Token (FTT) a good investment?
FTX (FTT) has excellent potential with very fast growth in the upcoming future.
Can FTX (FTT) reach $100?
FTX (FTT) can hit $100 in the year 2026 or a few years after it due to its market sentiments and price momentum.
How to buy FTX (FTT)
You can buy FTX on Huobi Global, Binance JEX, HitBTC, and Binance.
Takeaways
- FTX is a cryptocurrency derivatives exchange that they claim to be most suitable for contemporary market demand.
- Alameda Research is an approximately $100 million AUM quantitative cryptocurrency trading firm that backs FTX.
- FTX aims to reduce the chances of clawbacks as other derivative exchanges lose a large number of customer funds as claimed by socialized losses.
- FTT has excellent potential with very fast growth in the upcoming future
- It can lead it a price of $50 to $65 in 2022.
- Our long-term predictions for 2025 say that FTX Token price can surpass $100.
- FTX (FTT) can hit $100 in the year 2026 or a few years after it due to its market sentiments and price momentum.
- FTT is an altcoin, and you can buy it using another cryptocurrency, such as Bitcoin.
- You can buy FTX on Huobi Global, Binance JEX, HitBTC, and Binance.