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FTX token price has increased by 38% in the last 24 hours trading at $3.21 starting at 8:15 am EST.
The increase follows comments from US Securities and Exchange Commission (SEC) Chairman Gary Gensler, who indicated that he would be happy for investors to restart FTX if they do so legally. His comment was made in response to whether Tom Farley, former president of the New York Stock Exchange, was looking to buy the FTX exchange.
A company led by former New York Stock Exchange chairman Tom Farley is among three suitors vying to buy the remains of collapsed crypto exchange FTX. https://t.co/WPtXexvwgo
– WSJ Markets (@WSJmarkets) November 9, 2023
FTX Token Price: Bulls Break Out of Consolidation Phase
FTT price is indicating a strong recovery from the $0.99 support level, indicating the possibility of a prolonged uptrend. Despite the slight pullback, it provides bulls with the momentum they need to target the $3.27 resistance level.
The 50-day and 200-day moving averages are trading below the price, acting as immediate support for the price, confirming the bullish sentiment.
The Relative Strength Index (RSI) is trading higher, surpassing the 50 neutral level mark, crossing the 70 overbought levels and settling at 91. This indicates intense buying pressure on the FTT price.
Bulls could aim for new highs above $3.27 as overall FTT momentum remains strong, supported by the 50-day and 200-day moving averages and the RSI.
However, if the bears take advantage of the current correction, the break in the downtrend could lead to a drop below the $1.75 support. An open candle below this level could send FTT buyers back to $1.19.
If you missed the FTT price surge, consider considering the BTCETF pre-sale project as an alternative.
BTCETF: Less than 24 hours left before prices rise
The bitcoin ETF Pre-Sale is quickly approaching its goal of $420,000 in stage 1. The pre-sale stage has less than 24 hours left until the end of the stage, having accumulated an impressive $235,620. The project currently offers a single BTCETF token at $0.005. However, this price will increase as the stages progress.
The closing of the SEC approval window creates a 90% chance for January 10, 2024, according to #Bloomberg.
As btc?src=hash&ref_src=twsrc%5Etfw”>#btc is close to $36,000, the #CryptoCommunity anticipates a possible game changer.
Besides that #BitcoinETF It has also reached another milestone, raising over $200K! pic.twitter.com/KWoDWm5pF1
– BTCETF_Token (@BTCETF_Token) November 10, 2023
The BTCETF token will advance through 10 stages, each with specific goals. The first stage is aimed at reaching $420,000, and the tenth stage has a target of $571,200. In between these stages, there are five milestones, and the first milestone is achieved when BTCETF’s trading volume reaches $100 million.
The BTCETF token is a forward-thinking initiative that foresees the imminent arrival of spot bitcoin ETFs. It works as an ERC-20 token on the ethereum blockchain, taking advantage of the early approval and introduction of bitcoin ETFs.
BTCETF also offers its community a distinctive opportunity to benefit from these substantial developments in the cryptocurrency domain. You also have the option to stake the BTCETF token, with the most lucrative rewards reserved for the first participants.
Discovering the secrets behind #BTCETFsince it not only prepares for the bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin #ETF increase, but also introduces incentives for staking, fostering network resilience and firmness. pic.twitter.com/9UDNGsOOud
– BTCETF_Token (@BTCETF_Token) November 10, 2023
Get a stake in BTCETF and enjoy high APY
You also can stake your BTCETF tokens and enjoy annual percentage yields (APY) reaching 1023%, with rewards distributed at 119 per ethereum block. Staked tokens and accumulated rewards can be claimed 7 days after BTCETF officially appears on exchanges. Currently, 27 million tokens are already staked.
In one of his videos, Jacob Bury, a prominent YouTuber, reviewed the BTCETF token and explained how it can be purchased and staked for lucrative returns.
You can now buy bitcoin ETF tokens at their most affordable price by linking your web3 wallets to the official website of the BTCETF and acquire the token through ethereum (eth), Tether (USDT) or a bank card.
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