Crypto price predictions: FTX Token, Fetch.ai, Cortex (CTXC)

• Cryptocurrencies were still in a somber mood this week.

• FTX Token rose by more than 30% despite SBF legal woes.

• Fetch.ai token surged after a staking announcement by Binance US.

Cryptocurrency pricesremained in a tight range this week as investors focused on macro issues in the United States. Data published last week revealed that the American economy added 284k jobs in November while the unemployment rate remained at 3.7%. Therefore, investors believe that the Fed will leave rates at an elevated level for longer than expected. Here are the top crypto predictions for this weekend.

FTX Token (FTT)

FTX Token token price soared by more than 31% in the past 24 hours, according to data compiled by Binance. It still remains near its all-time low as Sam Bankman remains in legal limbo. As we wrote here, American authorities are investigating him on a myriad of crimes.

In recent interviews, Bankman has hinted that FTX and Alameda Research did indeed comingle customer funds, which is a crime. Therefore, there is a likelihood that he, and other FTX and Alameda officials will be locked up for a while. 

The hourly chart shows that the FTT price went parabolic on Friday. As it rose, it managed to rise above the important resistance at $1.538. It also moved above the 25-day moving average. Still, I believe that this rally is a dead cat bounce, which will see it retreat in the coming days.

FTT/USDT chart by TradingView

How to buy FTX Token

Bitvavo

The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.

Buy FTT with Bitvavo today

Coingate

CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.

Buy FTT with Coingate today

Fetch.ai (FET)

Fetch.ai price was among the best-performing tokens this week. It rose to a high of $0.1290 after Binance US enabled staking. Historically, cryptocurrencies tend to rally after being offered by a major exchange like Binance or Coinbase.

On the hourly chart, we see that the FET price went parabolic this week. Recently, however, it has scaled back and dropped by double-digits from its highest point. It has moved above the moving averages. 

Therefore, Fetch.ai price will likely resume the bearish trend as the staking mometum wanes. If this happens, it will likely drop below the important support at $0.100.

FET/USD chart by TradingView

How to buy Fetch.ai

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Open Account

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy FET with Coinbase today

Cortex (CTCX)

Cortex describes itself as the first decentralized world computer capable of running AI and AI-powered apps on the blockchain. It is a layer-2 network with zero-knowledge features. The CTXC price soared by more than 100% on Friday as the Cortex Army pumped the coin.

On the hourly chart, we see that the CTXC price has been in a bullish trend. It has moved above all moving averages, VWAP, and the ascending trendline shown in black. There is a likelihood that the highly illiquid coin will pull back on profit-taking during the weekend. If this happens, it will drop and retest the support at $0.15.

CTXC/USD by TradingView

How to buy Cortex