Crypto trading is a popular way of making a profit online. Digital assets are volatile, giving space for earning by buying and selling them at different prices. Crypto rates fluctuate daily, so traders make income daily or long-term, depending on the strategy they pick.
Crypto platforms offer different trading tools, for example:
- p2p exchange;
- futures derivatives;
- leverage trading;
- margin;
- etc.
One of the most complex tools is futures trading. The essence is forecasting the future crypto price and “betting” on it with the condition of buying or selling assets on some exact day in the future. This tool implies that a trader is able to analyse crypto price and draw a conclusion on its further movement.
FTX is the most popular crypto platform allowing an expanded set of tools for futures contracts. The FTX token is its native crypto that serves for:
- discounts for transactions fees for the FTT holders;
- FTT is the source for funding futures contracts;
- staking;
- the token acts as leverage traders can use on the platform without the need to borrow funds. That is, to use margin, users just buy FTT tokens.
- and other earning opportunities.
The platform’s developers implement a “buy and burn” mechanism for cutting the supply of the token and maintaining its value.
Now that we answered the question, what is FTT crypto, let’s see its prospects.
FTT Price
As of October 2022, the FTT USDT pair is traded at $22.5. Tokens’ value and prospects always depend on their demand and supply. Since the supply is cut and demand is only growing, the chances that this crypto will boost in the future are big. The FTX crypto exchange is very popular among advanced traders and investors. It is a reputable and credible platform. Experts believe the FTT crypto price can rise to $38.65 in 2023, but by the end of 2022, we should expect for the price decline.
READ; A Brief History of Cryptocurrencies and the Main Crypto Trends in 2022
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