FTX token rises to $2.60

The recent turnaround in the cryptocurrency market shows that the digital asset sector is poised for an upward move. After Bitcoin went all the way to almost $4,000, digital gold was followed by altcoins.

Even the token of the FTX cryptocurrency exchange was not an exception. After the October events, it moved exclusively in a downward direction and had practically no chance of recovering in its current position, especially considering what kind of news haunts the ex-head of FTX.

However, the last week has been extremely effective for FTT. In the last 24 hours alone, the FTX exchange token has risen by 50%, going from $1.73 to $2.58.

If we take a more solid scale, then in a week he added 168%, going from $0.96 to $2.61.

We figured out the growth and level of rise. Now it’s worth considering whether this is really a healthy muscle or is it an artificial pump, perfect against the backdrop of the rise of the rest of the cryptocurrency market.

It is worth paying special attention to the fact that FTT has strengthened not only in relation to USD, but also to the main leaders of the cryptocurrency market, namely BTC and Ethereum.

This rise in FTT is nothing but the result of a surge in token trading volume over the past 24 hours. At the time of writing, the total volume exceeded $187,000,000, which is 3 times more than yesterday's figure.

Some cryptocurrency experts do not believe in the power of FTT trading. For example, CryptoLimbo, whose opinion is considered by almost 100,000 subscribers, said that this is a fake pump. If he turns out to be right, then soon the token may go down as fast as it went up.

Traders who use derivatives to make trades can take note of the information. However, each market participant takes responsibility for their actions, and all information provided bears the subjective point of view of the authors of the portal.