FTX, the defunct crypto exchange, will start paying its creditors early next year, capping a process going on since 2022. These payouts may lead to upside in the cryptocurrency industry as recipients buy more coins. Here are some of the top crypto to buy in 2025 ahead of these $16 billion payouts.
Best Crypto To Buy Ahead of FTX Payouts
Some of the top cryptocurrencies to buy ahead of these FTX payouts are the FTX Token (FTT), Near Protocol (NEAR), Solana (SOL), and DexBoss (DEBO).
FTX Token (FTT)
FTX Token will be a top crypto to buy as attention move to the upcoming payouts. FTT price has already risen by over 255% from its lowest level this year. The coin has risen above the key resistance point at $3.3897, its highest point on October 7.
FTX Token has risen above the 50% Fibonacci Retracement level and formed a golden cross pattern. Therefore, the FTX coin price will likely have a bullish breakout as the hype surrounding the payouts rise. More gains will be confirmed if the coin rises above the double-top at $4.1683. A drop below the psychological point at $3.0 will point to more downside.
DexBoss (DEBO)
DEBO is another fast-rising cryptocurrency to buy ahead of these FTX payouts in 2025. It is an upcoming DEX network that has raised over $233,000 from investors in its token sale.
The network is aiming to challenge incumbent players like Uniswap and Raydium by offering better services. For example, it will enable users to trade over 2,000 crypto tokens, have excellent safety features, and have artificial intelligence solutions. You can buy the DEBO token here.
Near Protocol (NEAR)
Near Protocol is another cryptocurrency to buy ahead of the FTX payouts because it was one of the top FTX investments. The Near token has retreated in the past few days after peaking at $8.247 on December 6.
The weekly chart shows that the NEAR price has remained in an uptrend in the past few months. It has remained above the ascending trendline that connects the lowest levels since December last year. NEAR has also moved above the 200-week and 50-week moving averages.
Therefore, the coin could bounce back, and possibly retest the year-to-date high of $8.97, up by 73% from its current level. A drop below the ascending trendline will invalidate the bullish view.
Solana (SOL)
Solana is another top crypto to buy ahead of the FTX payouts. The SOL token has retreated from $265 in November to $192 today. It has formed a falling wedge and a bullish flag chart pattern and found support at the 200-day moving average.
Therefore, the January Effect may push it much higher in the next few days. If this happens, the initial level to watch will be $210, the highest point in March this year, followed by the year-to-date high of $265. Still, you should watch out for the 200-day moving average as moving below it would point to more downside.
The post 4 Crypto To Buy in 2025 Ahead of FTX’s $16B Claims Payout appeared first on CoinGape.
