$FTT FTX Token (FTT) is currently trading around $1.99, with a 24-hour range of $1.88 to $2.10. Its market cap stands at $656 million, with a circulating supply of 328.89 million tokens. The token's utility includes fee discounts, collateral for trading, and participation in FTX's "buy-and-burn" deflationary mechanism, which could enhance its long-term value as supply reduces.

Analysis:

- **Current Sentiment**: Bearish in the short term due to regulatory uncertainty and reduced adoption post-FTX’s decline.

- **Buy Range**: Consider accumulating below $1.90.

- **Target Price**: $2.50 in the medium term, with potential upside if new utility emerges or market sentiment improves.

- **Fair Price**: Near $1.99, aligning with current market conditions and cautious recovery efforts.

Invest cautiously, as macroeconomic and industry-specific factors heavily influence FTT.