{"id":14607,"date":"2022-11-18T20:16:58","date_gmt":"2022-11-18T20:16:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/people-are-still-bullish-about-ftt-and-cel-2-tokens-backed-by-bankrupt-crypto-businesses-markets-and-prices-bitcoin-news\/"},"modified":"2022-11-18T20:16:58","modified_gmt":"2022-11-18T20:16:58","slug":"people-are-still-bullish-about-ftt-and-cel-2-tokens-backed-by-bankrupt-crypto-businesses-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/people-are-still-bullish-about-ftt-and-cel-2-tokens-backed-by-bankrupt-crypto-businesses-markets-and-prices-bitcoin-news\/","title":{"rendered":"People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX\u2019s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing.<\/strong><\/p>\n

Bankrupt Crypto Exchange FTX\u2019s FTT Token Still Trades Above $1<\/h2>\n

While the FTX exchange collapse is a mess and the new FTX CEO said<\/a> prior FTX leadership was a \u201ccomplete failure of corporate controls,\u201d and it was \u201ca complete absence of trustworthy financial information,\u201d the exchange token FTT is still trading for $1.48 per unit.<\/p>\n

Despite the fact that FTX filed<\/a> for bankruptcy, the coin is held by a few concentrated hands, and the FTT Contract Deployer unlocked<\/a> 192 million previously locked tokens it has not joined the list of dead crypto coins trading for less than a U.S. penny.<\/p>\n

\"People
FTT\/USD via Bitfinex on Nov. 18, 2022.<\/figcaption><\/figure>\n

At the time of writing, FTT\u2019s 24-hour price range has been between $1.46 per unit to $1.62 per FTT. The coin lost approximately 93.9% during the last 14 days and because of the Contract Deployer incident, it is no longer ranked on coingecko.com.<\/p>\n

On coinmarketcap.com, however, it ranks # 209 on Nov. 18, 2022, out of 21,790 listed crypto coins. After hitting its all-time price high on Sept. 9, 2021, FTT was ranked # 25<\/a> on coingecko.com and it had a $7.76 billion market valuation.<\/p>\n

Crypto Proponents Are Still \u2018Bullish\u2019 About Crypto Coins Like CEL and FTT, One Social Media Post Says FTT Will Still Grow 3 Days After FTX\u2019s Bankruptcy Filing<\/h2>\n

Today, FTT has a fully diluted valuation of around $485,397,611 and it has recorded around $16,060,367 in 24-hour global trade volume. According to coingecko.com, \u201cMEXC Global is currently the most active exchange\u201d on Nov. 18, 2022.<\/p>\n

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MrRealWhale #FTT<\/a> will be EPIC COMEBACK<\/p>\n

\u2014 \ud835\ude82\ud835\ude8e\ud835\ude8a\ud835\ude97 \ud835\ude72\ud835\ude98\ud835\udea2\ud835\ude95\ud835\ude8e (@LeeElli91451919) November 17, 2022<\/a><\/p>\n<\/blockquote>\n

Coinmarketcap.com says \u201cBinance, Coinw, BTCEX, Bitrue, and Tapbit\u201d are FTT\u2019s most active exchanges on Friday. Cryptocompare.com metrics<\/a> indicate that the most active trading platforms dealing with FTT include Binance, Bitfinex, Huobi, Gate.io, and Bibox.<\/p>\n

Statistics from cryptocompare.com further show FTT\u2019s largest trading pair on Friday is the stablecoin BUSD capturing 92.87% of FTT swaps, while tether (USDT<\/a>) commands 6.90%. FTT joins a wide range of tokens that were once managed or backed by now-bankrupt cryptocurrency businesses.<\/p>\n

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tradingchik FTT coin. It\u2019s gonna make a comeback.\ud83d\ude80\ud83d\ude80\ud83d\ude80<\/p>\n

\u2014 Medusa World DAO | Minting Q3 (@HannahD20653479) November 14, 2022<\/a><\/p>\n<\/blockquote>\n

For instance, celsius token (CEL) is still holding value at $0.45 per unit despite the crypto lender Celsius collapsing. A number<\/a> of folks discussing CEL on coinmarketcap.com\u2019s (CMC) community posts are still \u201cbullish\u201d about CEL and still believe<\/a> in it.<\/p>\n

The same can be said for die-hard FTT token fans, as one CMC community post says: \u201cFTT token will grow [in the] next days, we believe they will resolve problems and will be bigger.\u201d The CMC community post<\/a> saying FTT will grow was liked by more than 3,300 CMC community members.<\/p>\n

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\nTags in this story
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90% Down<\/a>, Altcoins<\/a>, Bankruptcy Backed Tokens<\/a>, CEL Token<\/a>, Celsius<\/a>, Celsius bankruptcy<\/a>, coingecko.com<\/a>, Coinmarketcap.com<\/a>, crypto traders<\/a>, FTT<\/a>, FTT Analysis<\/a>, FTT Markets<\/a>, FTT Prices<\/a>, FTT sell-off<\/a>, FTT Token<\/a>, FTT trading<\/a>, FTX Bankruptcy<\/a>, FTX bankruptcy filing<\/a>, FTX collapse<\/a>, FTX fallout<\/a>, Markets<\/a>, Prices<\/a><\/div>\n<\/div>\n

What do you think about FTT\u2019s price action since the FTX collapse and the people who still believe FTT will make a comeback? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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