HairyPlotterFTX (FTX) Price Prediction: Can FTX See a 40% Spike?

Join Our Telegram channel to stay up to date on breaking news coverage

HairyPlotterFTX (FTX) price action mirrors a recent pattern on the 2-hour chart below. This is the only actionable timeframe for day traders following the token’s debut on October 2.

After premiering, HairyPlotterFTX’s price rallied by over 30,000% in a day to an intra-day high of $0.0002564 before closing the day at $0.0002258. In the last 24 hours, the token climbed 150% before a 51% drop to the current value of $0.0004795. Still bullish on the daily timeframe, could FTX rise 40% to reclaim its peak?

HairyPlotterFTX Debuts With A Bang

The project has made its market debut with the right foot forward, starting with a strong collaboration with Hogwarts School of Crypto Wizardry. The partnership will deliver unique access for FTX community members to exclusive events, contests, and magical surprises.

Recently,#HairyPlotterFTX just partnered with the Hogwarts School of Crypto Wizardry to bring you exclusive events, contests, and magical surprises. You really don’t want miss being a part of something truly extraordinary,right?.

— AARON👀💎💙❤️ (@A22_gang) October 5, 2023

The project showcases high transparency in its tokenomics, with the total supply of FTX tokens capped at 10 billion. Out of this bucket, a stark 90% was sent to the liquidity pool. The project has a burning mechanism to increase the demand versus supply ratio, constantly reducing the circulating supply.

HairyPlotterFTX maintains a high level of transparency in its tokenomics.The total supply of $FTX tokens is capped at 10,000,000,000. A significant 90% of these tokens were sent to the liquidity pool, with LP tokens subsequently burnt, to ensure the commitment to decentralization pic.twitter.com/ngoAQGd4sd

— AARON👀💎💙❤️ (@A22_gang) October 5, 2023

At face value, the project advertises as having come into the space with a new realm of possibilities up for grabs. It calls out to the newbie trader looking to enjoy unprecedented opportunities for growth and innovation. All of these are bolstered with a solid project narrative. While it is too early to evaluate this, it is worth mentioning that the FTX token has earned a place among the top gainers by volume on CoinMarketCap.

🏆 TOP #VOLUME ON #CMC #COINMARKETCAP

✈️ $ADP – @Adappter_io
🥈 $MMT – @mymetatrader
🥉 $PEPE – @PepeCommunity_
4️⃣ $POLA – @HOWLINPOLAWOLF
5️⃣ $FTX – @HairyPlotterFTX
6️⃣ $NGL – @goldfevergame
7️⃣ $AIMX – @MMatrixOfficial
8️⃣ $TIDE – @tidalflatstudio
9️⃣ $CODAI – @CODAI_Official
🔟… pic.twitter.com/jQTDPRou9i

— 中国鲸鱼资金 – Chinese Whale Capital (@chinapumprocket) October 5, 2023

As a side note, HairyPlotterFTX enjoys the Hot#1 list on DEXTools.

Seemingly, its recent slump provided an entry point for investors who capitalized on the dip. Notably, those who bought FTX before the latest uptrend are sitting on almost 135% in unrealized profit. Nevertheless, traders must always do their research before investing.

As a disclaimer, HairyPlotterFTX is unrelated to the controversial FTX Exchange or its former executive currently on trial, Sam Bankman-Fried.

Technical Outlook For HairyPlotterFTX Price

The token remains bullish, with the Parabolic SAR indicator trailing HairyPlotterFTX price from below. This price-tracking indicator also adds to the layers of downward support for FTX at $0.0003012. The token is also sitting on the support provided by the ascending trendline.

Meanwhile, with the odds still favoring the upside, HairyPlotterFTX price could extend beyond the $0.0006000 psychological level, clearing the equal highs. In a highly bullish case, the gains could extend to the $ 0.0007000 range, marking a new all-time high.

The Relative Strength Index (RSI) position above 50 at 63 supports the bullish outlook, with more ground to cover north. Equally, the Moving Average Convergence Divergence (MACD) indicator supports the upside, with its stance in the positive territory and the green histogram bars. The same goes for the Awesome Oscillator, which is also positive and flashing green.

As an invalidation thesis, a break and close below the ascending trendline at $0.0004582, however, confirmed by a close under the $0.0004000 psychological level, would invalidate the bullish outlook.

The bears could take over the market with the MACD histograms paling and the RSI not showing directional bias.

FTX aside, consider MK, a new meme crypto in the presale that has gaming enthusiasts elated. It features among analysts’ top five meme crypto coins for 2023, 2024, and beyond.

HairyPlotterFTX Alternative

MK is the powering token behind the Meme Kombat ecosystem, with some saying it is poised to replace Dogecoin (DOGE) or Shiba Inu (SHIB).

The world of #memecoins can be a rough place, but #MemeKombat is coming in hot 👊 pic.twitter.com/EotbPRQMyh

— Meme Kombat (@Meme_Kombat) October 4, 2023

Meme Kombat is an innovative new gaming platform tailored for gaming enthusiasts, offering betting and passive staking features. Ultimately, you are rewarded for the time and effort you put in.

The project’s presale is live, breaking milestones by the day regarding token sales. In a recent update on the website, more than $310,000 has already been collected, with investors buying one MK token at $1.667. It is worth mentioning that the current raise accounts for almost $100,000 in just about two days. This speaks for the popularity and, therefore, traction that the project is making. The number of followers on social media platform X also corroborates this notion, nearing the 6K mark.

$MK presale is still live, don' t fade on @Meme_Kombat

They have now raised 235K. The presale is on their website with a cool branding. You can already earn APY by buying the presale. Team is doxxed.

Presale: https://t.co/WaKrFTgVyj

TG: https://t.co/x4lJEuasKy #DYOR pic.twitter.com/JW0ax0BmNQ

— Crypto Gems (@DaCryptoGems) October 3, 2023

Once the presale is over, the first season of meme Kombat will begin, unleashing up to eleven characters. These are Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak. Choose your winner either factoring in popularity or playing the odds. It is entirely up to you.