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Fantom (FTM) has seen a notable surge in the percentage of profitable holders, reaching 55%. A similar milestone was historically accompanied by a dramatic 858% increase in FTM price in less than four months.

A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC). Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.

The new crypto bull market has set the stage, and investors cannot ignore the potential of these altcoins to deliver 20X returns by 2025.

Fantom (FTM) is one of the altcoins looking to break higher in coming weeks. This outlook continues to strengthen as the layer-1 platform moves closer to its mainnet launch of the Sonic upgrade. It also materializes as the accumulation currently happening across the crypto market signals a potential bull breakout.

The crypto world is very excited as Miles Deutscher, a well-known analyst, shares his latest forecasts. With memories of the 2021 bull run still being fresh in the market, Deutscher in his latest YouTube video, predicts a huge rise for some altcoins that could take them over 1,100% in just 90 days.

Fantom (FTM) has emerged as a standout contender, capturing the spotlight with its staggering surge of over 33% in the last two days, propelling it tantalizingly close to the coveted $1 threshold. As the crypto sphere buzzes with anticipation, investors and analysts alike are keenly observing Fantom's trajectory, seeking to decipher the underlying factors driving its meteoric rise.

The recent bear market hit Fantom hard, causing its price to drop by double digits in the past few days. Currently, the token's price is stable, showing signs of consolidation.

Bullish sentiment around Fantom increases, suggesting that the next target might be $1.44.

Introduction: Fantom (FTM) has emerged as a focal point in the cryptocurrency realm, embarking on a remarkable rally that propelled its price beyond $1 amid a wave of bullish sentiment and robust investor confidence. This comprehensive analysis delves into the catalysts propelling Fantom's price surge, assesses analyst predictions, and evaluates the prospects for sustained upward momentum within the FTM ecosystem.

Fantom (FTM) has enjoyed a spectacular 23% price increase, reaching intraday highs of $0.985 in early Saturday trade. Given that the cryptocurrency market appears to be overheating following spectacular gains across the board, FTM's recent performance has caught the attention of many.

While Bitcoin and the broader cryptocurrency market have entered consolidation, Fantom (FTM) is making major moves gaining over 33% in the last two days and surging all the way to $1. As of press time, the Fantom (FTM) price is trading 22% up at a price of $0.96 with a market cap of $2.69 billion.

If you want to learn more about FTM's price dynamics, check out the full analysis for insights into potential future movements.

With supply on exchanges still decreasing, the potential for a bullish scenario for FTM price persists. Currently, approximately 43% of investors are holding onto their investments despite not having achieved a profit in the hope that the market will recover and prices will increase.

FTM whales have accumulated a significant amount of the altcoin in the past few weeks.

Amid the recent sell-off in the crypto market, the Fantom coin price showed notable resilience above the $0.55 level. A positive turnaround from this support uplifted the altcoin value by 27% within three days to currently trade at $0.8.

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently.

Fantom, the DAG-based smart contracts platform offering Defi services, has once again witnessed strong network activity in recent weeks. In the last 24 hours, the Fantom (FTM) price has surged by 13% shooting up all the way to $0.81 with a market cap of $2.26 billion.

Fantom's recent price trends and on-chain data show that many FTM holders find themselves ‘in the money.' With current patterns suggesting a test of the support levels at $0.76, investors and traders cast a critical eye on FTM charts for the next decisive move.

Fantom (FTM), a fast-growing layer-one (L1) blockchain with more than $102 million in Total Value Locked (TVL), has recorded palpable gains in the recent past amid the ongoing crypto bullish outlook.

The Fantom Foundation has initiated legal action against the Multichain Foundation in Singapore's High Court, aiming to declare it bankrupt following the theft of $122 million from Multichain's Fantom bridge in July 2023.

The Fantom Foundation is taking legal action against Multichain Foundation to recover assets lost in a July 2023 exploit.

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for “breach of contract” and “fraudulent misrepresentations.

Fantom aims to liquidate the Multichain Foundation in order to recoup assets lost during the July exploit.

The Fantom Foundation has taken significant steps in its legal battle against the Multichain Foundation following a breach of contract and alleged fraudulent misrepresentations resulting in the loss of $122 million in July 2023. In a recent development, the High Court of Singapore granted Fantom a default judgment ruling on Jan. 30 in its favor.