What will FTX's creditors invest in? Bitcoin rising from $16,000 to $100,000? Or cheap FTT dropping from $85 to $1. The answer is only one: buy tickets while they are cheap.
$FTT FTX will repay $16 billion in cash, claims processing will begin on January 3, 2025 This round of funds will arrive next year, $16 billion will be given to retail investors, brothers what are we pumping this time FTT is likely to restart, I have been calling for around 1.5 and the highest around 4, if it restarts, it's possible to directly pump to 20u, it has been washed for a year $FTT bankruptcy concept
$FTT BlockBeats news, on December 29, according to data disclosed by HODL15 Capital, FTX will include $16 billion in cash in the first round of repayment distribution that will officially take effect on January 3, 2025. BlockBeats previously reported that on December 17, FTX and its affiliated debtors announced that the Chapter 11 reorganization plan approved by the court would officially take effect on January 3, 2025. The first round of distribution will start within 60 days after the effective date, and will only be available to approved creditors in the Convenience Classes. FTX has reached an agreement with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services for retail and institutional clients. To be eligible for the first round of distribution, users must complete the following steps before January 3, 2025: Log in to the FTX debtor client portal; complete KYC verification; submit the necessary tax forms; register with BitGo or Kraken.$FTT
$FTT Talks About the Buying Logic of FTT First, a summary: 1. There is still a possibility of the FTX platform being restarted. 2. FTT holders may be compensated. 3. Founder SBF may have a chance of being pardoned; after the pardon, it is highly likely to restart. 4. The FTX platform meets the demands of all parties' interests. Detailed reasons are as follows: 1. The FTX exchange will begin bankruptcy liquidation on January 3, 2025. It will be completed within the following 60 days. This will bring a certain amount of speculation. Of course, many people say that the legal team responsible for handling the FTX trading platform and the U.S. court have clearly stated in the bankruptcy documents that the exchange will not be restarted, only prioritizing compensation for creditors. However, this does not rule out the possibility of restarting FTX after compensation is completed. 2. On the financial level, the assets of the restructured FTX platform are estimated to be between $14.5 billion and $16.3 billion, with debts amounting to about $11.2 billion, according to multiple compensation plans. All creditors will receive over 100% compensation of their funds. Various issues will arise during the compensation process, such as customers who cannot verify KYC or funds that are not claimed within the specified period will be reclaimed. After these funds are recovered, the author believes they will be compensated to FTT holders. Currently, the claim value of the FTT token is still 0. Holders have no rights to any property distribution or voting rights. The author believes that a creditor plan for FTT will be introduced in the future. 3. SBF has provided substantial financial support to the Democratic Party's Biden campaign. This is also the reason why Musk publicly stated on Twitter that he would be surprised if the Biden administration did not release SBF. At the very least, Biden's pardon power could be subject to "insider trading". Referring to CZ's freedom. Even if the Biden administration does not pardon SBF, there is still a possibility that he may be pardoned after the Trump administration takes office in mid-January 2025 (including but not limited to the possibility of FTX's money and power transactions). 4. After Trump took office, the U.S. adopted BTC as its strategic reserve. The entire U.S. population is involved in the cryptocurrency space, and the U.S. government also needs a clean and compliant exchange. The FTX platform currently seems to meet the demands of all parties' interests and aligns with the evolution of major trends. Finally, the author believes that after the first phase of compensation is completed, the speculative value of FTT will be around $10. If a compensation plan is introduced for FTT holders, the price of FTT will reach around $28. If SBF is pardoned and the trading platform is restarted later, then FTT could reach a height of $300. #FTT
🌟 FTT: A rising star riding the market wave 🚀 📊 Current Price: $3.3958 | 24h High: $4.1999 | 24h Low: $3.3776 Amid a bullish trend in the crypto market, FTT shows potential for a major breakout as other tokens drive the overall momentum. 📈 Price Prediction Support: $3.38 (key accumulation zone) Resistance: $4.20 (key breakout point) 💡 Short-term Outlook: A rally above $4.20 could take FTT to $4.50, offering a potential +30% upside. Sustaining above $3.38 strengthens the bullish case, making it a favorable entry point for investors. 🚀 Why FTT is worth watching? FTT has thrived amid a broader market surge, capitalizing on the leading cryptocurrency’s upward trajectory to inspire investor confidence. As a cornerstone of the market rebound, FTT offers an attractive opportunity for growth-focused traders. $FTT
$HIVE /USDT - The bull market is underway! 🔥💯 The market momentum for HIVE/USDT has taken off, with a significant surge of +55.05% in the past 24 hours. Strong bullish candlesticks on the 4-hour timeframe confirm the breakout of the downtrend, indicating that the rebound is supported by high trading volume. Key levels to watch: • Current price: $0.3729 • Immediate target: $0.4000 (psychological resistance) • Extended target: $0.4400 • Stop loss: $0.3300 (below the breakout area) Analysis: The breakout of $0.3500 marks a significant shift in the trend. If buying pressure continues, HIVE may aim for the $0.4400 level. However, it is recommended to take partial profits at $0.4000 to ensure gains while riding the trend. Strategy: Traders are advised to manage risk by setting reasonable stop losses and taking profits when targets are reached. The breakout aligns with broader bullish sentiment, making it an excellent opportunity for short-term gains and long-term accumulation. #圣诞行情预测
$FTT 🚀 FTT/USDT Technical Analysis: Is Momentum Strengthening? FTX Token (FTT) is trading at $3.0119, up 6.38% in the past 24 hours. As the price trend heats up, traders are watching key levels to determine the next big move. Key Levels to Watch 🔑 Support Level: $2.67: A key area where buyers have consistently stepped in to defend the price. 🔑 Resistance Level: $3.03: The intraday high; a breakout above this level could trigger bullish momentum. Entry Strategies 📈 Conservative Approach: Wait for a breakout above $3.03, which would signal the start of an upward trend. Aim for a stop-loss below the breakout area, targeting higher levels. 📉 Aggressive Approach: Enter near the support level of $2.67, taking advantage of potential pullback opportunities while setting strict stop-loss to minimize risk. With the RSI in neutral territory and the MACD giving cautious signals, the market is in a balanced state. A breakout above the resistance could lead to a strong rebound, while a drop below the support could open the door for further declines. Are you ready for the next wave of FTT? Stay sharp and trade wisely!🌟