Rise

Coin

<ul class="news-points"> 
 <li>FTT’s 5.81% price surge was driven by former FTX customers’ plea for fair cryptocurrency deposit valuation.</li> 
 <li>Uncertainty looms for FTT’s future as FTX’s revival plans remain unclear amid legal complexities.</li> 
 <li>Technical analysis suggests a potential bullish trend for FTT/USD, making it an attractive option for traders.</li> 
</ul> 
Amidst a backdrop of legal and financial turmoil, FTT, the native token of the defunct FTX cryptocurrency exchange, has witnessed a remarkable resurgence. Consequently, the token’s price soared by over 5.81% in the last 24 hours, per CoinMarketCap data. This rally pushed its price to $3.14, significantly boosting its market capitalization to $1.03 billion. Furthermore, trading volumes have surged, recording a 37% increase to $52 million. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="765" height="595" src="https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats.png" alt="" class="wp-image-362854" srcset="https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats.png 765w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-300x233.png 300w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-380x296.png 380w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-114x89.png 114w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-572x445.png 572w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-318x247.png 318w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-309x240.png 309w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-212x165.png 212w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-271x211.png 271w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-90x70.png 90w, https://coinedition.com/wp-content/uploads/2024/01/FTT-USD-24-hour-price-chart-source-CoinStats-96x75.png 96w" sizes="(max-width: 765px) 100vw, 765px">
 <figcaption class="wp-element-caption">
 FTT/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/ftx-token/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-customer-clients-plea-fuels-ftt-s-rise">Customer Clients’ Plea Fuels FTT’s Rise</h2> 
As reported by Coinedition, the recent <a href="https://coinedition.com/80-protest-court-urged-to-rework-ftx-payout-plan-amid-btc-128-surge/">outcry</a> from former FTX customers catalyzes this unexpected surge. These clients have petitioned a U.S. bankruptcy judge to reject FTX’s proposal to value their cryptocurrency deposits based on November 2022 prices. This move by FTX, they argue, deprives them of the benefits stemming fr…
The post <a href="https://coinedition.com/ftts-bullish-momentum-gains-strength/">FTT Pumped by Rumors of Revival, But Path to Recovery Remains Uncertain</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTT Pumped by Rumors of Revival, But Path to Recovery Remains Uncertain

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