Will FTT token everly hit it ATH again?

Abiky

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Quote from: Tipstar on January 21, 2024, 11:55:46 AM

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.

I don't understand why CEXs let customers trade FTT for other cryptocurrencies. They should've de-listed it already to prevent huge losses in the long term. After all, FTX is no longer operable. I guess if there's a huge dip in FTT's price, investors/traders make a class-action lawsuit against CEXs. I'm yet to see how that will play out in the long run. The odds of FTX making a comeback are slim, especially when the brand's already "tainted". They would have to come up with a new name and a new token to lure investors into their business.

Crypto has come a long way since both the Mt. Gox and FTX's collapse, so I'm hoping things will get better in the future. With regulators weighting in, what could go wrong? Roll Eyes

FanEagle

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Quote from: Bazzu on January 20, 2024, 09:48:13 PM

Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

I feel sorry for those who FOMO, thinking what they read will happen. They should have learned their lessons by now. I hope so? With all the damage that FTX have delt, I don't think they can restore their reputation again. And how will they pay those who owe them money? They need to that first. In investing, there is always a risk. If one don't want to face it, then they shouldn't invest at the first place.

It does not mean though that we will now invest on projects like FTT, but we should only go for the best ones. If the same people behind FTX wants to try again, they better do that on a brand new project and for sure they will conceal their selves which will still make the investors doubt about them.

Tipstar

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Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.

Abiky

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Quote from: o48o on January 19, 2024, 05:18:20 PM

That doesn't mean he would have meant FTT, but the other assets the FTX holded. Because it's wiser for them to sell them via over-the-counter market, rather then dumping them to buy walls and crash the market even more.

It wouldn't even make any sense for any company to buy FTT as it was an ftx token and has no use case for anyone else. It would just be a token with a tainted and shady reputation. It doesn't make any sense for anyone buying that up. Even if someone wanted to rebrand FTX under a new name, buying ftt because of it would be equivalent to throwing money in a fire pit. It serves no one but a fire.

The new company might make a "burn program" for FTT holders to "burn" their tokens in exchange for a new one. If they don't, then holders will be "rekt" in the long run. It's not worth buying this token because of the huge risk of loss. People just want to speculate on it with the hopes of making money in the long run. It's a "free market", so who are we to blame?

I think FTX will pass onto history as the worst crypto exchange ever. If Mt, Gox didn't make a comeback, what makes people think FTX will? Hopefully, this would be the last time a crypto exchange of a large scale collapses in its entirety. With regulators weighing in, investors/traders can feel confident their funds will be safe no matter what. Just my opinion

Samlucky O

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Quote from: Bazzu on January 20, 2024, 09:48:13 PM

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
[/quote]
As at the time I created this thread, I was thinking maybe the move it made would make it grow just as other altcoins like SOL and ORDI was growing, but to my greatest suprise I see that it didn't grow as expected. Though I can't predict it's future but I don't really think if this coin can recover anytime soon or even if it can.

Silberman

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Quote from: Bazzu on January 20, 2024, 09:48:13 PM

Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

Anyone interested in that coin needs to tread carefully, the collapse that coin suffered was a big event that shook the market and it affected it for quite some time, and while some may think that the come back of such exchange will be good news, I do not think this is the case, as this will mean that a coin that by right should have disappeared long time ago will keep its place on the market long enough to lure more people to invest in it, and most likely those people will suffer huge losses once the exchange failed as no one will be interested in using it out of fear of another collapse.

Bazzu

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Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

JeffBrad12

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Quote from: Sophokles on January 20, 2024, 06:45:58 PM

Quote from: xeqoRameshAxueamExaqana on January 19, 2024, 04:49:59 PM

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

But the experts are considering the relaunch of the FTX exchange a catalyst event. FTT is related to that exchange so if FTX manages to relaunch it will be a positive sign for FTT holders. Actually, the FTX exchange wasn't that bad and it has institutional investors in it. So a relaunch of FTX with better service and a better management team can help the FTT project itself survive in the industry. I am not sure they will succeed or not because a lot of people lose their funds in FTX and just want them back.

there's no saying that the new management will keep recognizing FTT as the token of FTX in the past, they could just outright refuse to recognize it to be honest since they are new management they have no burden to continue something thats already failing, also before we are talking about new management of FTX we should talk about reimbursement first, there's many rumour that FTX only willing to reimburse using old rate where they are collapsing and that not exactly what people wanted since they are losing the money around ftx collapse which is at the bearish they also want to be reimbursed in form of crypto which right now has risen quite the amount at least.
its overall still difficult situation to deal with FTX but what can save it is money, and if they do make reimbursement i highly dobut they will continue ftt.

Sophokles

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Quote from: xeqoRameshAxueamExaqana on January 19, 2024, 04:49:59 PM

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

But the experts are considering the relaunch of the FTX exchange a catalyst event. FTT is related to that exchange so if FTX manages to relaunch it will be a positive sign for FTT holders. Actually, the FTX exchange wasn't that bad and it has institutional investors in it. So a relaunch of FTX with better service and a better management team can help the FTT project itself survive in the industry. I am not sure they will succeed or not because a lot of people lose their funds in FTX and just want them back.

Belarge

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Quote from: xeqoRameshAxueamExaqana on January 19, 2024, 04:49:59 PM

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

It's difficult to find a project that have good roadmap, because along the way, some unplanned bearish candles will hits the project and most of them doesn't survived them. We can spot out next altcoins that would be promising and also barter for another solid opportunity to grab good winnings from the system. ATH prices are the main point to triggered the sell button because we would watch our portfolio grow to become gigantic above our expectations. FTT got delisted from the main crypto exchange and even though the team behind the project fight really hard to win the case, they have a long fight because it's a long path down.

2Pizza410000BTC

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Quote from: slashz9 on January 18, 2024, 02:09:03 AM

I don't think so, because investor confidence has been lost anyway.
it's very difficult to return it.
in my opinion the increase was made by a group of people looking for profits by pumping and dumping in a short time.
you can see this case like on lunc and ustc.

Losing investors from the day they cheated, no matter how good news they bring, people no longer believe such good news. But sometimes the market goes up due to the transactions of some traders. Many may give different assurances but those assurances should never be trusted. USTC should not be held long term but can earn something by trading for a short period of time. If you are dreaming of USTC/LUNC to brighten your future, stop dreaming.

o48o

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Quote from: Abiky on January 19, 2024, 04:40:26 PM

The FTX team should've burnt all of the FTT tokens to shut it down for good. But not doing so, tells us that they're planning something "behind the scenes". I've read online that former NYSE president hinted the possibility of buying all of FTX's assets. The exchange could resurrect under the management of the NYSE (New York Stock Exchange). But all of this is speculation, of course. It may or may not happen in the future, leaving many FTT holders "holding the bag" (bagholder).

BNB is a much safer bet, in my own opinion. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Wink

That doesn't mean he would have meant FTT, but the other assets the FTX holded. Because it's wiser for them to sell them via over-the-counter market, rather then dumping them to buy walls and crash the market even more.

It wouldn't even make any sense for any company to buy FTT as it was an ftx token and has no use case for anyone else. It would just be a token with a tainted and shady reputation. It doesn't make any sense for anyone buying that up. Even if someone wanted to rebrand FTX under a new name, buying ftt because of it would be equivalent to throwing money in a fire pit. It serves no one but a fire.

xeqoRameshAxueamExaqana

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actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

Abiky

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Quote from: JeffBrad12 on January 18, 2024, 10:01:22 AM

even if the exchange make comeback there's no guarantee that they would use their old ftt token anyway, they could just abandon it altogether, there's really reason to invest in this coin these days, too much uncertainty for a coin to invest, and the condition of this coin is more on the negative sides.
the ftx comeback is definitely still something that is uncertain as well as you said, yes there are news that they gonna be making some reimbursement toward the people that has lost their coin in the ftx collapse but even that is also have so many dramas i doubt that everything will go smooth and especially this token ftt gonna get easily recover to its all time high again.
let alone all time high, i even doubt it could get to more than half of its all time high, overall worst coin to invest these days.

The FTX team should've burnt all of the FTT tokens to shut it down for good. But not doing so, tells us that they're planning something "behind the scenes". I've read online that former NYSE president hinted the possibility of buying all of FTX's assets. The exchange could resurrect under the management of the NYSE (New York Stock Exchange). But all of this is speculation, of course. It may or may not happen in the future, leaving many FTT holders "holding the bag" (bagholder).

BNB is a much safer bet, in my own opinion. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Wink

synchronym

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Quote from: Doan9269 on November 09, 2023, 06:11:50 AM

Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Of course we have to discuss more about bitcoin than any other currencies here because bitcoin is the only reason why we all gather together here, now that your discussion is not in local language and yet still talking about altcoins discussion, i think this topic should be best discussed on altcoins discussion board, if you can agree with me to move it there, the more reason why we needed a local sub boards to help categorize all other threads to where they belong accordingly.

We prefer bitcoin investment more than any other currency. Prefer to discuss Bitcoin. Because even though Bitcoin is risky, many lives are changed by investing in Bitcoin. This is why most people who choose Bitcoin prefer to invest in Bitcoin and prefer to discuss Bitcoin more.

JeffBrad12

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Quote from: Abiky on January 18, 2024, 06:46:13 AM

Quote from: ?? on ??

Is FTX Token (FTT) worth buying? Absolutely not! I think it's a complete scam. I mean, what's the point of buying a token that doesn't really do anything? It's just a digital asset with no real use. Plus, it's not even reliable. I've heard stories of people losing all their money when they invested in FTX Token (FTT). So, I wouldn't recommend investing in it. In my opinion, it's not worth the risk.

Investors are hoping FTX makes a comeback after it gets out of bankrupcy. It's this reason why the FTT token is experiencing a surge in price. But what if the exchange never makes a comeback? Then you'd be left "holding the bag". Investing in FTT is very risky. You can either win big or lose it all in an instant. That's why most altcoins are considered a "gamble".

I think "meme" coins are a far better investment than FTT (although they're still risky investments). The crypto market is full of surprises, so expect the unexpected. Cheesy

even if the exchange make comeback there's no guarantee that they would use their old ftt token anyway, they could just abandon it altogether, there's really reason to invest in this coin these days, too much uncertainty for a coin to invest, and the condition of this coin is more on the negative sides.
the ftx comeback is definitely still something that is uncertain as well as you said, yes there are news that they gonna be making some reimbursement toward the people that has lost their coin in the ftx collapse but even that is also have so many dramas i doubt that everything will go smooth and especially this token ftt gonna get easily recover to its all time high again.
let alone all time high, i even doubt it could get to more than half of its all time high, overall worst coin to invest these days.

Twinkledoe

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Quote from: btc78 on January 18, 2024, 05:48:50 AM

Quote from: MIner1448 on January 18, 2024, 05:27:08 AM

I always try to keep tokens from new projects, but experience shows that they need to be drained immediately when the project is launched, unfortunately

I find that probably the safest way possible you can make profit from newly launched projects is to acquire tokens in the form of airdrops but of course you have to make sure that you would only get airdrops from those that seems legit aka those who do not require you to send them money

Some tasks are okay but other than that you might want to double check the project after you have acquired the token and let us say it gets value then you should be on your toes and immediately take them out you would not want to be stuck after everyone has pulled out their investment

It is fine if you will get free tokens from airdrops. But if you will pay for it or need to send some money just to get it, better think twice because more than likely, you are just wasting your time and resources. Based from my experience before, very few can really make it to the trading market. Also, most are being abandoned once they got a hold of their funds.

Though, I don't know now how airdrops are being handled. Are there really worthwhile airdrops to keep tab on?

arjunmujay

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As far as I know, altcoins can exist if the community supports them well. You can hold coins for a very long period of time so that the value can at least stabilize. and also from the developer side. if the coin developer no longer wants to move and innovate, make new breakthroughs. It is very possible that it will return to its former glory.

Abiky

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Quote from: ?? on ??

Is FTX Token (FTT) worth buying? Absolutely not! I think it's a complete scam. I mean, what's the point of buying a token that doesn't really do anything? It's just a digital asset with no real use. Plus, it's not even reliable. I've heard stories of people losing all their money when they invested in FTX Token (FTT). So, I wouldn't recommend investing in it. In my opinion, it's not worth the risk.

Investors are hoping FTX makes a comeback after it gets out of bankrupcy. It's this reason why the FTT token is experiencing a surge in price. But what if the exchange never makes a comeback? Then you'd be left "holding the bag". Investing in FTT is very risky. You can either win big or lose it all in an instant. That's why most altcoins are considered a "gamble".

I think "meme" coins are a far better investment than FTT (although they're still risky investments). The crypto market is full of surprises, so expect the unexpected. Cheesy

snowpega

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Quote from: Samlucky O on November 08, 2023, 08:58:53 PM

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Dear seems like you are holding FTT token and need some suggestions right? I am not holding any FTT Token right now but I would like to advise you that check the FTT token use case and is their team working on the project actively and are they collaborating with any other good project to make their own project successful these days?

Check the total supply from coinmarket cap and how much is currently circulating in the market right now. Another thing check how much it needs to reach its all-time high again if i need some so it will surely go to its all-time high again if the amount is still too high to reach its all-time high again then you should not hold it for the maximum profit you are expecting. Keep in mind to take any action in your own research. DYOR Many Thanks

Topic: Will FTT token everly hit it ATH again? (Read 613 times)