Post
Topic
Board Speculation (Altcoins)
Re: Can FTX Token Beat Its All-time High Of $100?
by
flareonbtc
on 06/11/2022, 22:32:12 UTC
Don't think so unless FTX single-handedly becomes the next biggest exchange (over Coinbase + Binance)

None of the large payment processors use FTX token. Bitpay https://bitpay.com/, Poof https://www.poof.io/, Coinbase https://commerce.coinbase.com/?lang=en-US, Paypal, Square, and so on don't have integrations with FTX token. Meaning none of the third party businesses on them would transact with the token.

Only use case I see is for institutions to get lower fees on the trading platform. $100 ATH implies a 45B market cap, which is 4x the size of Coinbase as a token.

Unless FTX becomes a $1T company like Google, it's not happening.