FTX is considered one of the biggest winners of the current bear market. Earlier, FTX committed $1 billion
to acquire crypto companies and provide loans to some other troubled crypto platforms. Sam Bankman-Fried, the CEO of FTX, is betting big that the bull market will come back, and when it does, he’ll likely have the biggest rewards to reap.
FTX token (FTT) is the utility token of the FTX platform. You can use FTT to lower your trading fees on FTX or as collateral against your futures positions. On top of these two major use cases, you can also stake FTT to get interested and even win NFT rewards from time to time.
Even though FTT is already popular, it still has a lot of room to grow. If we have another bull market in 2023, it’s easy to see why FTT might be the next cryptocurrency to explode. FTX’s fundamentals are great, and they have a decent chance of becoming one of the most successful cryptocurrency companies in the upcoming bull market.