FTX Token (FTT) Achieves Market Cap of $665.93 Million

FTX Token (FTT) traded 1.6% higher against the US dollar during the 24-hour period ending at 13:00 PM ET on January 29th. One FTX Token token can now be bought for $2.02 or 0.00001976 BTC on popular cryptocurrency exchanges. In the last seven days, FTX Token has traded 6% lower against the US dollar. FTX Token has a market cap of $665.93 million and approximately $15.60 million worth of FTX Token was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.4% against the dollar and now trades at $102,056.38 or 0.99580956 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.5% against the dollar and now trades at $101,805.97 or 0.99336619 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

FTX Token Token Profile

FTX Token launched on July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. FTX Token’s official website is ftx.com. FTX Token’s official message board is medium.com/@ftx. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here.

According to CryptoCompare, “FTX Token (FTT) was developed by the FTX derivatives exchange as a cryptocurrency token for various purposes within its ecosystem, including paying transaction fees, acting as collateral, and purchasing services. FTX, founded by Sam Bankman-Fried and Gary Wang, emerged as a prominent cryptocurrency derivatives exchange, offering an array of financial products such as futures, options, and leveraged tokens. However, the platform experienced a swift collapse in November 2022 following concerns over its financial stability and management practices, particularly regarding its heavy reliance on FTT and the solvency of its associated entity, Alameda Research. The unfolding of events, including a failed acquisition by Binance and subsequent bankruptcy filings, underscored the inherent risks and volatility within the cryptocurrency market.”

FTX Token Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as FTX Token directly using US dollars. Investors seeking to acquire FTX Token should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase FTX Token using one of the exchanges listed above.

FTT/USD price chart by TradingView