The FTT token of the famous cryptocurrency exchange FTX is showing signs of recovery today after losing nearly 100% of its value. This increase, which took place before the start of the $ 1.2 billion creditor payment plan, is seen as a critical moment for the price of FTT. Experts expect a recovery in the FTT price along with payments.
Reasons for Price Increase
Thanks to the global market recovery, the FTX token price is up 8% today. The increase in investor demand triggered this rise in the FTT price. The fact that the transaction volume increased to 35.24 million dollars and open positions increased by 10% to 4.14 million dollars was an indication of increased investor interest. In particular, the $1.2 billion FTX payments that will be implemented this month also affected this interest.
In the first round of payments, $1.2 billion in stablecoins will be distributed among creditors with claims under $50,000 between late February and early March, according to FTX’s payment claims reports. This increases investor confidence in the token.
“FTT price is in an upward trend in the long term,” said crypto analyst Rose.
Potential for FTT Price to Reach $6
The $1.2 billion distribution is part of a $16 billion payout package that will take place in 2025. It is thought that the first FTX distribution will begin on January 20, simultaneously with Donald Trump’s presidency. The crypto community is eagerly awaiting this event, and FTX news increases this excitement even more. The return of these billions of dollars of crypto to the market may create activity in the markets as liquidity increases. Some analysts state that this will cause the start of a bull run.
When there is a general revival in the markets, the FTX token price may recover significantly. This payment plan will not help improve FTT’s image and FTT will still remain useless, but it could serve as a good trigger for speculative movements.
The increase in the price of the FTT token and the planned large debt payments stand out as a notable development in the crypto market. For investors, these developments highlight FTT’s future value potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
