Ghost

when

<ul class="news-points">
 <li>FTT hit a low of $1.37, crashing by 15% from the weekly high of $1.61.</li>
 <li>Analyst Mags argued that FTT would either see a 5X rally or drop to zero.</li>
 <li>Targeting a $10 price point, the analyst predicts an “inverse FTX” scenario for FTT.</li>
</ul>
FTX’s native token, FTT, has <a href="https://coinedition.com/ftx-treasury-wallet-moves-out-247m-ftt-amid-market-gains/" rel="noopener noreferrer nofollow">plummeted</a> amid the ongoing Bitcoin-led price correction, recently hitting a low of $1.37, down approximately 15% from its weekly high of $1.6109. The token has also declined over 20% from its value a month ago.
However, some market analysts see potential in FTT, betting on significant price growth. In an X post, technical analyst Mags revealed accumulating FTT over the past few weeks, acknowledging that FTT is a “shitcoin” lacking inherent utility to boost its value beyond market speculation.
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 <a href="https://twitter.com/search?q=%24FTT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FTT</a> Accumulating this shitcoin for the past few weeks. It will either give me a 5x return or is going to zero. aiming for $10, inverse FTX soon ? <a href="https://t.co/4AHfhp2sBe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4AHfhp2sBe</a>— Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1797518400220213517?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 3, 2024</a>
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Despite this, Mags asserted that FTT could experience gains of up to 500% when market conditions improve, arguing that FTT will either see a 5X rally or drop to zero.
Specifically targeting a $10 …
The post <a href="https://coinedition.com/ftxs-ghost-token-can-ftt-defy-the-odds-and-deliver-5x-returns/" rel="noopener noreferrer nofollow">FTX’s Ghost Token: Can FTT Defy the Odds and Deliver 5X Returns?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX’s Ghost Token: Can FTT Defy the Odds and Deliver 5X Returns?

Coin Edition

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