{"id":418435,"date":"2023-07-13T08:44:51","date_gmt":"2023-07-13T08:44:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=418435"},"modified":"2023-07-13T08:44:51","modified_gmt":"2023-07-13T08:44:51","slug":"ftx-token-goes-from-oblivion-to-1-60-in-a-month-can-the-once-top-crypto-gainer-come-back-from-the-dead","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ftx-token-goes-from-oblivion-to-1-60-in-a-month-can-the-once-top-crypto-gainer-come-back-from-the-dead","title":{"rendered":"FTX Token Goes From Oblivion To $1.60 In A Month. Can The Once Top Crypto Gainer Come Back From The Dead?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">FTX Token (FTT), the native utility token of the FTX cryptocurrency exchange, recently experienced a remarkable ascent. In just one month, FTT rose from relative obscurity to reach a price point of $1.60. This turnaround has sparked curiosity and speculation among cryptocurrency enthusiasts, leading many to wonder if FTT, once a leading gainer, can now resurrect its former glory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The news of launching the claims portal on July 11 positively impacted the FTT token as investors responded favorably, showing confidence in the token. As a result, the value of FTT increased, reaching as much as $1.61.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite facing technical difficulties shortly after its launch, FTT holders demonstrated resilience and maintained their confidence in the cryptocurrency.<\/span><\/p>\n<figure id=\"attachment_418436\" aria-describedby=\"caption-attachment-418436\" style=\"width: 1600px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-418436 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24.jpg\" alt=\"FTT PRICE CHART\" width=\"1600\" height=\"708\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24.jpg 1600w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24-300x133.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24-1024x453.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24-768x340.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-10-01-24-1536x680.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\"><figcaption id=\"caption-attachment-418436\" class=\"wp-caption-text\">Source: Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At 8:30 UTC, the <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ftx-token\"><span style=\"font-weight: 400;\">FTT token is trading at $1.62<\/span><\/a><span style=\"font-weight: 400;\">, reflecting a weekly increase of 3.9%, a 0.3% increase in the last 24 hours and a $52.5 million trading volume. Over the past month, the token has experienced a surge of approximately 98.3%.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Exciting news for those who got their crypto stuck on FTX! The Debtors' Customer Claims Portal is live<\/p>\n<p>Finally, long-awaited FTX refund process is underway<\/p>\n<p>This portal allows both individual &amp; institutional users of FTX to potentially recover their crypto<\/p>\n<p>Keep reading&#129525;&#128071;<\/p>\n<p>1\/ <a href=\"https:\/\/t.co\/RXUkzrKUoj\">pic.twitter.com\/RXUkzrKUoj<\/a><\/p>\n<p>&mdash; Axel Bitblaze &#129683; (@Axel_bitblaze69) <a href=\"https:\/\/twitter.com\/Axel_bitblaze69\/status\/1678835377107521537?ref_src=twsrc%5Etfw\">July 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Source: Tradingview.com<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">FTT Shows Strong Upward Momentum and Potential for Bullish Breakout<\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-418437 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04.jpg\" alt=\"ftt analysis 13\/7\/2023\" width=\"1600\" height=\"708\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04.jpg 1600w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04-300x133.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04-1024x453.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04-768x340.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-08-49-04-1536x680.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\"><\/p>\n<p><span style=\"font-weight: 400;\">FTT has been exhibiting an upward trajectory in recent weeks, showcasing an impressive 97.1% gain over the past month. Furthermore, there are no indications of a slowdown as it appears poised to reach a substantial increase of $2.46.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After a prolonged consolidation phase lasting nearly seven months, FTT bulls are reclaiming their market dominance. This resurgence occurred when the price reached the lower trendline of the consolidation, forming a double-bottom pattern. Traders frequently employ the double-bottom pattern as a signal for a trend reversal, indicating a favorable time to enter a buying position.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Should the price maintain its bullish momentum, the bulls could propel FTT&rsquo;s price beyond the consolidation range at $2.91, resulting in significant price surges. This potential breakthrough may signify the early stages of a sustained bullish trend for FTT, allowing it to recover from the previous crash experienced in November 2022.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">FTT Price Indicators Favour Bullish Outlook<\/span><\/h2>\n<figure id=\"attachment_418439\" aria-describedby=\"caption-attachment-418439\" style=\"width: 1600px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-418439 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13.jpg\" alt=\"FTT Price Analysis. Source: Tradingview.com 13\/7\/2023\" width=\"1600\" height=\"708\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13.jpg 1600w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13-300x133.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13-1024x453.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13-768x340.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/PHOTO-2023-07-13-09-17-13-1536x680.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\"><figcaption id=\"caption-attachment-418439\" class=\"wp-caption-text\">FTT Price Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Momentum indicators point to a hyped-up market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The FTX token price has maintained a bullish trend since mid-June, remaining above an upward trendline. The convergence of this ascending trendline with the 200-day Exponential Moving Average (EMA) at $1.40 provides stronger support. Additionally, the Relative Strength Index (RSI) is at 58.85, suggesting there is still more room for an upward movement to reach 70 and eventually the overbought region.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Considering these two momentum indicators that favor a bullish scenario, there is potential for the FTX token price to experience further increases. If buyer momentum surpasses current levels, the token can reclaim the highs reached on June 30 at $2.45. This highly bullish scenario could push price up as much as 50% to $3.03.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, early profit-taking could disrupt the rally and trigger a pullback toward the immediate support level of $1.35. If selling pressure intensifies, FTT may reach the 200-day EMA or the 50-day EMA at $1.17 in the worst-case scenario.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investors who have apprehensions about a swift price pullback in FTT, Wall Street Memes ($WSM) has emerged as a promising alternative that warrants consideration. $WSM has exhibited an impressive surge in its ongoing presale funding, further enhancing its appeal.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wall Street Memes ($WSM) Raises $14.4 Million in Presale Funding<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The brand new <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Wall Street Memes($WSM) presale <\/span><\/a><span style=\"font-weight: 400;\">has achieved a significant milestone as investors continue to pour money into what industry observers have hailed as one of the top meme coin launches in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wall Street Memes, one of the internet&rsquo;s most influential retail investing communities with a follower count of over 1 million across its various social platforms, has raised more than $14.4 million through selling $WSM.<\/span><\/p>\n<p><iframe title=\"Wall Street Memes Selling Out Fast!! $13 Million Raised!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/QL0KC2Z-Op0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The community emerged from the movement in 2021 when retail investors united against major financial institutions by driving up the prices of heavily shorted stocks like GameStop and AMC.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wall Street Memes: The Next Hottest Crypto Presale with Massive Potential<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Thanks to its massive clout within the community, analysts are tipping $WSM to become the next Pepe, Shiba Inu, or Dogecoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investors seeking the next low-cap gem, it&rsquo;s important to note that the Wall Street Memes team has a track record of quickly selling out digital asset launches, unlike many other presales.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The $WSM presale surpassed the highly successful mint of the Wall Street Bulls 10,000 piece NFT collection in 2021, which famously generated $2.5 million and sold out in just 32 minutes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The king of stonks is rapidly becoming the king of meme coins. In line with its focus on empowering the average individual, 100% of the token supply is allocated to the Wall Street Memes community, with no private sale or team allocation behind the scenes.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">$50,000 Massive Airdrop and Potential for 100x Gains<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">During the presale<\/span><\/a><span style=\"font-weight: 400;\">, 50% of the token supply is available, with the funds raised being allocated to high-level marketing efforts. Additionally, 30% is reserved for community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With 30% of the supply allocated to community rewards, it&rsquo;s reasonable to expect that airdrops to holders will play a significant role in the ecosystem. Meme coin enthusiasts will find it challenging to find another project offering $20 million in community giveaways.<\/span><\/p>\n<p>https:\/\/twitter.com\/wallstmemes\/status\/1662474606794493954?s=20<\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the degens (slang for risk-tolerant traders) already have their first opportunity to win big. Wall Street Memes is currently running a competition where five lucky presale investors will receive a generous $50,000 $WSM airdrop.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the potential for 10x gains from $WSM&rsquo;s exchange<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">listing price of $0.0337<\/span><\/a><span style=\"font-weight: 400;\">, the token could reach a fully diluted market cap of $674 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, some analysts believe that $WSM has the potential to match the size of major established meme coins like Dogecoin and Shiba Inu, which currently have market caps of approximately $9 billion and $4.5 billion, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, the possibility of 100x gains, leading to a market cap exceeding $6 billion, should not be dismissed. Investors aiming to benefit from potential future price rises should consider participating in the meme coin&rsquo;s presale as soon as possible to secure their $WSM at the best possible discount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">$WSM can be purchased on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT (ERC-20 or BEP-20). To make a purchase, users must connect their crypto wallet to <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">the wallstmemes.com website<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-hits-0-428-after-14-increase-how-to-buy-dogecoin\"><span style=\"font-weight: 400;\">Dogecoin Hits $0.428 after 14% Increase &ndash; How to Buy Dogecoin<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/euroswap-edex-crypto-staking\">EDEX: European bridge between Crypto and the Euro launched &ndash; Staking up to 152% APY<\/a><\/span><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - 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In just one month, FTT rose from relative <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":418448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[7598,5549,12546,10079,14341,8009,7992,7893],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Token Goes From Oblivion To $1.60 In A Month. Can The Once Top Crypto Gainer Come Back From The Dead?<\/title>\n<meta name=\"description\" content=\"FTX Token (FTT), the native utility token of the FTX cryptocurrency exchange, recently experienced a remarkable ascent. 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