Why did FTT skyrocket, even to more than 10 dollars?

1. As an asset held by FTX, FTT needs to increase its market value in order to provide users with a higher settlement price during bankruptcy and reorganization. Currently, FTT has a market value of only 6e US dollars, which is obviously not enough in the face of billions of US dollars in compensation. FTX and Alameda owns more than 50 million SOL tokens. The current market value of sol has increased from 40e to 200e. There is reason to believe that the market value of ftt has exceeded 10e.

2. There are still more than 100 days left for the Bitcoin production reduction. The bottom point has already increased by more than 2 times. If the US market is bullish next year, exchanges will be needed to handle the transaction volume. CB is obviously not going to be a mainstream currency, and it will have to be a copycat. FTX, if FTT continues to be used as the exchange token of FTX, then FTT will definitely explode. Even if it is not used as an exchange token, it will be beneficial to liquidate at a higher price, and there is a reason for the increase.

3. If Afro makes a fortune by investing in AI companies, he will most likely attract FTT. #FTT #ETH #BTC #SOL/USDT