{"id":554057,"date":"2023-10-04T19:00:40","date_gmt":"2023-10-04T19:00:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554057"},"modified":"2023-10-04T16:40:41","modified_gmt":"2023-10-04T16:40:41","slug":"ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun\/","title":{"rendered":"FTX’s FTT Price Skyrockets 20%: Here’s Why the Rally Has Just Begun"},"content":{"rendered":"

The FTT price has been challenging gravity and the overall trend in the crypto market for the past two weeks. A recent report hints at a potential bullish continuation based on this scenario and to the benefit of the FTX creditors. <\/strong><\/p>\n

Related Reading: FTT Up By 21% Despite FTX Claims Portal Troubles<\/a><\/div>\n

As of this writing, the FTT price trades at $1.20, with sideways movement in the last 24 hours. The token recorded a 19% profit in the previous two weeks, while the last 30 days show a 15% increase. In the meantime, major cryptocurrencies have seen half of this price action over the same period.<\/p>\n

\"FTT
FTT’s price is trending sideways on the 1-hour chart. Source: FTTUSDT on Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

FTT Price On The Verge Of Massive Rally?<\/h2>\n

The surge in the FTT price is supported by the current negotiations between Artificial Intelligence (AI) company Anthropic and the big tech sector. As our sister website Bitcoinist reported, the company received a $1.5 billion capital injection from Amazon.<\/p>\n

The big tech giant committed to increasing their investment by up to $4 billion via Amazon Web Services (AWS). The partners will work to develop AI solutions to compete with Google, Microsoft, Nvidia, and others.<\/p>\n

The AI company received support from failed crypto exchange FTX before its collapse in 2022. In that sense, if Anthropic can secure support from other big tech companies, the initial investment made by FTX will increase, allowing the new management to count on more assets and potentially repay creditors.<\/p>\n

A recent report from the Information claims that Anthropic is exploring further partnerships following its Amazon deal. The OpenAI competitor could receive support from Google. The big tech giant already bought a 10% stake in the startup at the same time as FTX.<\/p>\n

If this deal materializes, the company could increase its valuation from $4 billion to over $20 to $30 billion. Thus, FTX\u2019s initial investment will increase by a significant amount.<\/p>\n

The negotiations between Anthropic and its potential partners have directly impacted the FTT price. The current manager has publicly emphasized his intention to re-launch the trading venue to repay its creditors<\/a>.<\/p>\n

A successful sale of their stake in Anthropic could benefit FTX\u2019s current management and give them enough capital to succeed. If this scenario materializes, the company\u2019s native token is bound to extend its recent run and could potentially reclaim previously lost territory.<\/p>\n

Related Reading: FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch<\/a><\/div>\n

The FTT price reached an all-time high above $60, meaning it has much room to grow if the company relaunches. Any news related to Anthropic or an FTX\u2019s relaunch will positively affect the token.<\/p>\n

Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

The FTT price has been challenging gravity and the overall trend in the crypto market for the past two weeks. A recent report hints at a potential bullish continuation based on this scenario and to the benefit of the FTX creditors. Related Reading: FTT Up By 21% Despite FTX Claims Portal Troubles As of this writing, the FTT price trades at $1.20, with sideways movement in the last 24 hours. The token recorded a 19% profit in the previous two weeks, while the last 30 days show a 15% increase. In the meantime, major cryptocurrencies have seen half of this price action over the same period. FTT Price On The Verge Of Massive Rally? The surge in the FTT price is supported by the current negotiations between Artificial Intelligence (AI) company Anthropic and the big tech sector. As our sister website Bitcoinist reported, the company received a $1.5 billion capital injection from Amazon. The big tech giant committed to increasing their investment by up to $4 billion via Amazon Web Services (AWS). The partners will work to develop AI solutions to compete with Google, Microsoft, Nvidia, and others. The AI company received support from failed crypto exchange FTX before its collapse in 2022. In that sense, if Anthropic can secure support from other big tech companies, the initial investment made by FTX will increase, allowing the new management to count on more assets and potentially repay creditors. A recent report from the Information claims that Anthropic is exploring further partnerships following its Amazon deal. The OpenAI competitor could receive support from Google. The big tech giant already bought a 10% stake in the startup at the same time as FTX. If this deal materializes, the company could increase its valuation from $4 billion to over $20 to $30 billion. Thus, FTX\u2019s initial investment will increase by a significant amount. The negotiations between Anthropic and its potential partners have directly impacted the FTT price. The current manager has publicly emphasized his intention to re-launch the trading venue to repay its creditors. A successful sale of their stake in Anthropic could benefit FTX\u2019s current management and give them enough capital to succeed. If this scenario materializes, the company\u2019s native token is bound to extend its recent run and could potentially reclaim previously lost territory. Related Reading: FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch The FTT price reached an all-time high above $60, meaning it has much room to grow if the company relaunches. Any news related to Anthropic or an FTX\u2019s relaunch will positively affect the token. Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"author":535,"featured_media":554058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87361],"tags":[87394,86846,89563,86845,71704,84460],"class_list":["post-554057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ftx-ftt-bankman","tag-ftt","tag-ftt-price","tag-ftt-price-analysis","tag-fttusdt","tag-ftx","tag-ftx-exchange"],"acf":[],"yoast_head":"\nFTT Price Skyrockets 20%: Here's Why the Rally Has Just Begun<\/title>\n<meta name=\"description\" content=\"The FTT price has been challenging gravity and the overall trend in the crypto market for the past two weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FTX’s FTT Price Skyrockets 20%: Here’s Why the Rally Has Just Begun","url":"http:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/FTT-Price-FTX-FTXUSDT-FTT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/FTT-Price-FTX-FTXUSDT-FTT.jpg?fit=640%2C360"},"articleSection":"FTX, FTT and Sam Bankman Fried","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ftt","ftt price","ftt price analysis","fttusdt","ftx","ftx exchange"],"dateCreated":"2023-10-04T19:00:40Z","datePublished":"2023-10-04T19:00:40Z","dateModified":"2023-10-04T19:00:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FTX’s FTT Price Skyrockets 20%: Here’s Why the Rally Has Just Begun\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftx-ftt-bankman\\\/ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftx-ftt-bankman\\\/ftxs-ftt-price-skyrockets-20-heres-why-the-rally-has-just-begun\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/FTT-Price-FTX-FTXUSDT-FTT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/FTT-Price-FTX-FTXUSDT-FTT.jpg?fit=640%2C360\"},\"articleSection\":\"FTX, FTT and Sam Bankman Fried\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ftt\",\"ftt price\",\"ftt price analysis\",\"fttusdt\",\"ftx\",\"ftx exchange\"],\"dateCreated\":\"2023-10-04T19:00:40Z\",\"datePublished\":\"2023-10-04T19:00:40Z\",\"dateModified\":\"2023-10-04T19:00:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/FTT-Price-FTX-FTXUSDT-FTT.jpg?fit=640%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554057"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=554057"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/554058"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=554057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=554057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=554057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}