FTX Token Hits Market Capitalization of $285.54 Million (FTT)

FTX Token (FTT) traded 13% lower against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on April 7th. FTX Token has a total market cap of $285.54 million and approximately $27.59 million worth of FTX Token was traded on exchanges in the last 24 hours. In the last week, FTX Token has traded 22.7% lower against the dollar. One FTX Token token can currently be purchased for about $0.87 or 0.00001128 BTC on cryptocurrency exchanges.

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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 7.2% against the dollar and now trades at $76,853.63 or 0.99854569 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 7.5% against the dollar and now trades at $76,481.02 or 0.99370447 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

FTX Token Token Profile

FTX Token’s genesis date was 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 buy alternative cryptocurrencies such as FTX Token directly using U.S. dollars. Investors seeking to acquire FTX Token should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy FTX Token using one of the aforementioned exchanges.

FTT/USD price chart by TradingView