CandleFocus FTT Token Hits 2024 Highs on Bankruptcy Plans and NFT Speculation
2024-12-06
Author: Content Editor
FTT, the native token of bankrupt digital asset trading platform FTX, has surged 28% in the past 24 hours to reach its highest price since January 2024. Speculation suggests that the upcoming token distribution as part of the bankruptcy procedure is a major driver of the price rise. FTT currently has a market cap of $1.15 billion, putting it back on the list of top 100 digital assets. The launch of the PENGU token, with a small portion reserved for FTT holders, is also contributing to the surge. The RSI indicates that FTT is overbought and may see a correction, but its uptrend may continue if the broader market remains bullish.
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