Update – FTX dropped by more than 90% due to a black swan event.
FTX is one of the major cryptocurrency exchanges and has been tipped as a potential rival to both Binance and Coinbase. Hong Kong-based FTX was founded in 2017 and developed to provide a complete trading and investment platform for digital currency. It is currently the 4th largest crypto exchange in the world.
DeFi is big business these days and the days when cryptocurrency investment was the preserve of risk-taking investors and internet-dwelling tech heads are long gone. Now, cryptocurrency is one of, if not the most popular asset for investment worldwide.
As cryptocurrency trading has surged in popularity, so too have the different options investors have when it comes to approaching the market. In 2022, the cryptocurrency sector has mirrored many of the functions of legacy finance. For example, aside from simply buying and selling tokens, investors can now issue loans or provide liquidity to exchanges to earn interest.
Another exciting development in recent years has been the cryptocurrency derivative. In other words, cryptocurrency tokens that are designed to represent an underlying asset, allowing investors to gain exposure to a particular market, without actually having to take ownership of said asset - and this is what FTX claims to specialise in.
So what should investors make of FTX? Is this a potential market leader in the world of cryptocurrency exchange or is it just another brand in an already fairly crowded market? In the following FTX price prediction for 2025 and 2030, we’ll be seeing how FTX measures up against other exchanges and hearing what leading analysts have to say about FTX Token potential for price growth in the coming years.
Cryptocurrency Exchanges
If you’re someone that invests in cryptocurrency, then you are probably familiar with what a cryptocurrency exchange is and what it does. However, there may be some confusion for those new to the market - especially seeing as some traditional retail trading platforms now offer trading in digital assets.
Put simply, a cryptocurrency exchange is a platform that provides an order book for users to buy and sell cryptocurrency tokens. Whilst there is some variation between platforms, ultimately the major players work in a similar way. It’s important to distinguish between native cryptocurrency platforms, such as Coinbase, Binance and FTX, and traditional brokers like eToro. Crypto-only exchanges are not subject to the same strict regulation that platforms trading other financial assets are.
The biggest exchanges are Binance and Coinbase, with FTX being seen as the up-and-coming start in the field. Whilst it still has some way to go, FTX is growing fast. In 2021 it posted a peak 24-hour trading volume of $21 billion - up from $7 billion the year before.
So What’s Different About FTX?
On the surface, FTX may just appear like just another exchange - albeit one with some pretty impressive industry support, having raised one of the largest funding rounds ever for a crypto currency when backers like Paradigm and Sequoia Capital stumping up some $900 million in seed funding. But aside from having a substantial war chest, what makes FTX stand out?
Aside from having a highly competitive fee structure and offering industry-leading security for its clients, FTX actually stands out in that its trading environment is pretty unique and much more expansive in terms of trading instruments than many of its competitors.
Crypto derivatives
Unlike many of its rival exchanges, FTX has placed emphasis on crypto derivatives. These are essentially tokens that represent an asset and work in a very similar way to derivatives in the legacy finance world. The platform describes itself as “built by traders, for traders” and is one of the first global platforms to offer crypto-based futures, options, volatility products and leveraged tokens.
In terms of actually using the platform, we think it's fair to say that FTX is aimed at higher level traders and is not suitable for the average dabbler - just like their legacy finance counterparts, crypto futures and options are complex financial instruments and any trader that is unsure of how they work should make sure they thoroughly educate themselves before entering the markets. The same goes for leveraged products.
However, that doesn’t mean that anyone looking to invest in FTX needs to have an in-depth understanding of the most complex financial instruments on the exchange - buying its native token, FTT, is a way of gaining exposure without having to enter the FTX trading environment itself. It is enough to understand that derivatives are exactly that - traders are effectively buying and selling contracts for an asset at a particular price, rather than buying/selling the underlying asset itself.
The FTT token
Underpinning the FTX exchange is its native token, FTT. This is an ERC-20 token that is primarily used as a way of paying trading fees on the exchange. In this sense it can be likened to BNB on Binance and, just like its rival platform, paying fees with FTT entitles users to better trading rates.
Because FTX is all about futures and options, FTT is also central in the collateralising mechanism for these products. The inner workings of these contracts are far too complex to be broken down in any detail here, but FTT forms an essential part of the ecosystem and is used to provide security for those trading derivatives on FTX.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Looking At FTX’s Price History
So now we’ve taken a closer look at what FTX actually is, it’s time to take a retrospect at how FTTs price has changed since it was first listed. Given the huge amount of investment funds that were pumped into FTX during its development, its native token did not see much action in terms of value increase for its first year of trading. The token was initially worth around $1.84 in July 2019 and a year later it had crawled up by around a dollar, to $2.90.
Things started to pick up in the latter half of 2020 and by August FTT had reached $3.50. Whilst there were no sudden price surges of note, the token continued to increase in value towards the end of the year, closing in on $5 in the final days of December. FTTs price trajectory then changed dramatically when the crypto market started to gather pace in 2021.
The first major price surge of the year came in February, with FTT soaring to an unprecedented $34.67. The token managed to hold its value too, until a second upswing in March took it as high as $41.85. April was to bring more good fortune and by May 2021, FTT was trading at $61.48 before the crypto market briefly crashed over the summer months. FTT took a pretty serious hit and dropped as low as $22.57 in June.
However, FTX was to have even more success before 2021 drew to a close. By the end of August, the token was once again trading above $50 and in September its price spiked again, this time reaching its all-time high of $84.18 before prices started to cool. FTT finished the year worth around $40.
Of course, 2022 has not been a great year for the cryptocurrency market in general. Whilst FTX managed to hold out above $30 for much of the initial wave of downturns, its price started to slide significantly in the second quarter, dropping as low as $22.88 in June.
At the time of writing, FTT had managed to regain some ground and was trading at $28.95.
FTX Token FTT/USD price chart. Source: Coinmarketcap
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Price Predictions For 2025
The FTX platform would appear to be destined for big things. It has a huge amount of financial backing and its trading volumes have been growing significantly year-on-year since it launched back in 2019. However, from an investment perspective, we need to get an idea of how FTT’s price may rise and fall in the coming years. For this, we need to look at FTX price predictions from leading market analysts.
DigitalCoinPrice is expecting the FTX token to perform well in the run up to 2025. By the end of the current year, the token is predicted to have reached an average trading price of $41.13. FTX’s growth is then expected to accelerate across 2023 and 2024, potentially climbing past the $50-mark. By the end of 2025, DigitalCoinPrice expects FTT to be worth up to $62.53.
Elsewhere, CoinsKid has also made its FTX forecast for 2025. Its analysis suggests that the token could be trading at $47.23 by the end of 2022. It then expects the token to continue growing in value, potentially hitting $70 in 2023 and maybe even topping $100 in 2024. By the time 2025 rolls around, CoinsKid expects the FTX token to be worth an average of $104.31.
Another FTX price prediction for 2025 comes from Tradingbeasts. It has FTT actually declining in value across 2022 and 2023, potentially losing as much as 20% by the time 2024 arrives. However, FTX’s fortunes are then expected to change and Tradingbeasts has it surging to $45 by the end of 2024. Across 2025, the platform expected FTX Token to reach a potential high of $59.06.
Looking Further Ahead: FTX Price Predictions For 2030
Potential investors will probably be encouraged by the FTX forecasts we have seen so far. Of course, there are no guarantees, but the fact that all of the analysts consulted are predicting growth is certainly a positive sign. For those looking at longer term investments, we can also look at FTX price predictions for 2030 - though we should warn readers that long term crypto forecasts are rarely reliable.
DigitalCoinPrice has FTX token continuing to grow in value right up until the end of the decade. According to its forecast, FTT could smash the $100 barrier in 2028 and continue to surge in value across the rest of that year. As 2030 arrives, the platform has suggested that the FTX token could be worth as much as $137.76.
We also found a highly optimistic FTX price prediction for 2030 over on PricePrediction.net. Its technical analysis suggests that FTT has the potential to reach as high as $200 by the end of 2026. It then expects the token to grow exponentially in the run up to 2030, hitting a high of $300 in 2028 and potentially going past $900 before the decade draws to a close.
Again, readers should note that these forecasts cannot take into account developments within the industry. And the cryptocurrency industry is one that changes quickly and often significantly without much notice. As such, these figures should be viewed as a best-case scenario.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: Should You Invest In FTX?
FTX promises to usher in the next phase of the DeFi revolution. Whilst many investors are still wary of crypto derivatives, ultimately there is a reason such instruments have proven so popular in the legacy finance world so there’s no reason to expect things to be different when it comes to digital assets.
With a much more expansive trading environment and highly competitive fees, we think that FTX definitely has the credentials to eventually rival both Coinbase and the Binance Exchange. Investors looking to gain exposure simply need to acquire a holding of the FTT token and, assuming FTX’s usage rates grow, then we can expect its native token to grow in value.
The FTX price predictions for 2025 and 2030 that we looked at all point to growth - which is certainly a promising sign. Whilst these figures are never guaranteed, they do demonstrate that market analysts have confidence in the FTX project as a whole. Once again, this can only be a plus for those considering investment.
If you’re looking to expand your cryptocurrency investment portfolio, then FTX Token is certainly worth considering. There’s a good chance that crypto derivatives will really take off in the coming years, which makes now an opportune time to gain exposure to that subsection of the crypto market.
Where To Invest In Cryptocurrency
If you’re new to the cryptocurrency market then we certainly wouldn’t suggest you try and get involved with the derivatives and options on the FTX exchange itself! Instead, the easiest way to invest in the project is simply to buy some FTT. Fortunately, you can do this through numerous reputable brokers.
For most users, we suggest checking out eToro. It has one of the best names in the industry and is known for its competitive fees and award-winning trading platform. Opening an account is relatively straightforward and you can be up and running within minutes.
Another major advantage of eToro is that it offers numerous trading tools, guides and information resources to help you build and manage your cryptocurrency portfolio.
eToro – The Best Platform To Buy FTX Token
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Price Predictions 2025, 2030 - FAQ
What is FTX?
FTX is one of the leading cryptocurrency exchanges on the market, notable for its competitive fee structure and wide array of assets available for trade. One of the most notable aspects of FTX is that the platform is increasingly focusing on cryptocurrency derivatives. In fact, it could arguably be called the market leader when it comes to crypto options and futures.
What are crypto derivatives?
Crypto derivatives, as the name suggests, are tokens with prices derived from an underlying asset. A token can be created to represent the price of just about anything - stocks, commodities, CFDs and more. The idea behind derivatives is that they allow traders to gain exposure to a particular asset class without actually having to buy and sell the underlying asset itself.
How much will FTX be worth in 2030?
Long-term cryptocurrency price predictions should always be taken with a pinch of salt simply due to how fast the industry changes. That being said, the FTX price predictions for 2030 that we came across were all positive about the token’s future, with one suggesting it could reach as high as $300 by the end of the decade.
Where can I buy cryptocurrency?
If you’re new to the cryptocurrency market and looking to start investing, then the first thing you will need is a broker or exchange that can give you access to the market. We recommend eToro, as it's a highly regarded platform that is suitable for both novice and more advanced investors.
Is FTX better than Binance?
FTX has been touted as a major rival for both Binance Exchange and Coinbase. However, whilst it bears many similarities to its predecessors, FTX is actually a much more expansive digital finance exchange, with more options when it comes to crypto derivatives. That being said, Binance is still a much bigger platform in terms of trading volumes - but this could change in the near future!
Read More:
Top 10 DeFi Cryptocurrencies That Are Set To Explode
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