In the last four hours, the FTX Token (FTT) has seen some notable fluctuations against USDT. Trading at around 2.54 USDT, the token has experienced a rise of 4.66% over the past 24 hours. This increase reflects a broader positive sentiment in the crypto markets as investors regain interest in tokens linked to recovery efforts after the FTX exchange's collapse.
The recent movement in FTT's price is part of a longer-term trend where the token has gained about 39.89% over the last week. However, the token is still down by roughly 40% compared to its previous year’s performance, which reflects the broader challenges faced by FTX in regaining market confidence.
Investors are closely watching FTT, as it remains volatile, with some technical indicators pointing towards further price gains, while others remain cautious. Analysts are debating whether FTT will continue to climb or experience further corrections, especially with ongoing legal and market developments around the FTX exchange.