FTX’s native token, FTT, has surprised the market by outperforming every major altcoin in the top 100 cryptocurrencies. FTT has increased by 95% over the past week and is currently trading at $2.72. This sudden increase has caught the attention of both traders and investors.
GTT/USDT Daily Chart | Source: TradingView
This rally was largely driven by rumors of the start of repayments to creditors. With a distribution plan hearing scheduled for October 7, the bullish sentiment is expected to continue, potentially pushing prices higher.
If the momentum continues, FTT could rise to $2.98. However, the token could see a drop to $2.54 or even $2.20 if the momentum wanes, leaving investors wary of potential risks.
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