Fans are calling for more! Unveiling the mystery of FTT: FTX restarts spark a frenzy, creditors get a sweet answer, and the old platform coin FTT shines on the stage again!
Today, let's unveil the mystery of FTT! As the platform currency of FTX, FTT has been caught in a bankruptcy crisis, but with the heated discussion of debt issues, its attention has been rising. There are two extreme options for future development: the first is to change the name and rebirth, and reshape the new image with the intervention of the US government. This strategy has been adopted by many project parties, such as the old LUNA and the new LUNC; the second is to completely abandon FTT, fully use the new platform currency, and ignore the old ecology, similar to the strategy of OKB and OKT. However, these two options are not good for FTT. However, once FTX restarts, FTT will become one of the dividends with great potential in the future. What is more striking is that the current holders of FTT are extremely concentrated. After a year and a half of accumulation, most of the chips have returned to the hands of a few dealers. The top ten holders control more than 93% of the total circulation, and the top 100 addresses account for more than 98% of the circulation share. This shocking data will add more highlights to the future direction of FTT!
Third, Coinbase is the only exchange in the top three in the global exchange rankings. However, once the bull market comes, the United States must rely on the restart of FTX to obtain huge benefits from the crypto market. FTX will become a key tool for the United States to layout a larger market and help it lay a broader strategic map!
From the trend level, FTT is already near its historical position, and there is only about 30% space from a new low, but the upward space is indeed sufficient. It is currently the lowest point in 35 weeks, and after closing last week, it is currently on a positive trend.
To summarize the potential and outbreak period of FTT: Now is a great time to layout a position!
1. At this moment, FTT has entered a long consolidation period. Promising investors can intervene with small funds at intervals, but remember not to act too hastily, otherwise they may fall into the trap of short-term fluctuations.
2. The current trend is not good, and the long-term trend is strongly suppressed by $1.48. If it continues to be blocked, it is likely to test the $1 mark. If it enters a consolidation period in the next few months, it is likely to break and may continue to decline.
3. The technical support level is between $0.95 and $1, while the resistance levels are at $1.9, $2.7 and $3.2. The current key point is between $1.45 and $1.48. A breakthrough may usher in a positive line, but we need to pay attention to whether there will be a rebound after a pullback.
4. FTT has been hyped up for restarting many times, but we need to be aware that this is just market hype, not real vested interests. History shows that Mentougou has not been resolved for many years, and the possibility of restarting is questionable. Investors should not have excessive fantasies.
In addition, there are obvious signs in the L2 field today. It is expected that with the approval of the Ethereum ETF, the L2 field will usher in a strong rebound, driving related currencies such as OP, ARB, LDO, SSV, etc. The wise have already understood, what kind of currency is being deployed at the moment?
