FTX Token (FTT) Plunges: What Are The Prospects For The This Token?

During the month, the FTX Token indicators fell by 26.2%. FTT is trading at $54.84 today. It is down 0.01% in the last 24 hours. The lowest cost was $53.02, and the maximum was $55.09 over the past 24 hours. The FTX platform for Bitcoin and cryptocurrency futures was founded on May 8, 2019. FTX is a successful project implemented by a group of investors with high assets in cryptocurrency. The FTX cryptocurrency platform is in serious demand, especially among investors who want to use leverage. Investors who want to trade futures and leverage on FTX platforms use the FTX token as an intermediate currency. Risk-averse crypto traders want to increase their profits by using leverage. For example, an investor with only $1,000 in cryptocurrency will receive only $100 in profit if the cryptocurrency grows by 10%. If our investor invested using 3x leverage on the FTX platform, his profit would increase to $300. However, it should be noted that in case of damage, losses can increase by 3 times.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter