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The FTX token price has increased by 38% in the last 24 hours to trade at $3.21 as of 8:15 a.m. EST.
The surge follows remarks by the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler that indicated he’d be happy with investors rebooting FTX if they do it legally. His comment was made in response to whether Tom Farley, a former president of the New York Stock Exchange, was looking to buy the FTX exchange.
A company run by former New York Stock Exchange president Tom Farley is among three suitors vying to buy the remnants of collapsed crypto exchange FTX https://t.co/WPtXexvwgo
— WSJ Markets (@WSJmarkets) November 9, 2023
FTX Token Price: Bulls Break Up From Consolidation Phase
The FTT price indicates a strong recovery from the $0.99 support level, indicating the possibility of an extended bullish trend. Despite the slight pullback, it provides the bulls with the drive they need to target the resistance level at $3.27.
The 50-day and the 200-day moving averages are trading below the price, acting as the immediate support for the price, confirming the bullish sentiment.
The Relative Strength Index (RSI) trades upwards, rising above the 50 neutral level mark, crossing the 70 overbought levels, and settling at 91. This indicates intense buying pressure on the price of FTT.
The bulls might be aiming at new highs past $3.27 as the general momentum for FTT is still strong, supported by the 50-day and 200-day moving averages and the RSI.
However, if the bears capitalize on the current correction, the bearish trend interruption might cause a decline below $1.75 support. A candlestick open below this level could see FTT buyers retreat to $1.19. For more information, check out our FTT Price Prediction.
If you missed the FTT price surge, consider looking into the BTCETF presale project as an alternative.
BTCETF: Less Than 24 Hours Left Before Price Increases
The Bitcoin ETF presale is rapidly approaching its $420,000 goal in stage 1. The presale stage has less than 24 hours to the end of the stage, having accumulated an impressive $235,620. The project currently offers a single BTCETF token at $0.005. However, this price will increase as the stages advance.
The SEC's closing approval window prompts a 90% chance by Jan 10, 2024, per #Bloomberg.
As #BTC nears $36K, the #CryptoCommunity anticipates a potential game-changer.
In addition to that #BitcoinETF has also hit another milestone, raising over $200K! 🏆 pic.twitter.com/KWoDWm5pF1
— BTCETF_Token (@BTCETF_Token) November 10, 2023
The BTCETF Token is set to advance through 10 stages, each featuring specific targets. The first stage is geared towards reaching $420,000, and the 10 stage has a target of $571,200. Amid these stages, there are five milestones, and the first milestone is accomplished when the trading volume of BTCETF hits $100 million.
The BTCETF Token is a forward-thinking initiative that foresees the imminent arrival of spot Bitcoin ETFs. It functions as an ERC-20 token on the Ethereum blockchain, seizing Bitcoin ETFs’ anticipated approval and introduction.
BTCETF also offers its community a distinctive chance to gain from these substantial developments in the cryptocurrency domain. You also have the option to stake the BTCETF token, with the most lucrative rewards reserved for early participants.
Uncovering the secrets behind #BTCETF, as it not only readies itself for the #Bitcoin #ETF surge but also introduces staking incentives, fostering network resilience and steadfastness. ✨ pic.twitter.com/9UDNGsOOud
— BTCETF_Token (@BTCETF_Token) November 10, 2023
Get BTCETF Stake, Enjoy High APY
You can also stake your BTCETF tokens and enjoy Annual Percentage Yields (APY) reaching as high as 1,023%, with rewards distributed at 119 per Ethereum block. Staked tokens and accumulated rewards become claimable 7 days after the BTCETF is officially listed on exchanges. Currently, 27 million tokens are already staked.
In one of his videos, Jacob Bury, a prominent YouTuber, reviewed the BTCETF token, explaining how you can buy and stake for lucrative returns.
You can now buy Bitcoin ETF Token at its most affordable rate by linking your web3 wallets to the official BTCETF website and acquiring the token through Ethereum (ETH), Tether (USDT), or a bank card.
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