Famtom: Short sellers, whales fuel FTM's rally – Is $1 within reach?
FTM transactions exceeding $100,000 have jumped 1,000% from 4.38M to 50.78M.
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FTM transactions exceeding $100,000 have jumped 1,000% from 4.38M to 50.78M.
Polkadot has experienced a significant comeback over the past week, leaving analysts eyeing a 357.67% rally to $20.
As the altcoin market makes a comeback, with Bitcoin momentarily crossing above the $66,000 level, Polkadot and Fantom are gaining momentum. FTM and DOT are ranking among the top performers with a breakout and a trend reversal rally.
Polkadot's native token, (DOT), may be positioning itself for a major breakout, following a similar price trend seen in Fantom. However, Popular crypto analyst Ali Martinez suggests that if this trend holds, Polkadot could first rally to $9.7. After a brief pullback to $6.7, Martinez suggests DOT could even break out to an impressive $20.
AI-related cryptos are seeing a surge of interest in today's session as buying activity heats up.
The intense bullishness in September has given way to a milder, range-bound price action.
The crypto market has witnessed mixed price actions over the past few sessions, leading to considerable investor speculation. Bitcoin (BTC) continued to trade below $61,000 and registered a marginal drop over the past 24 hours.
Fantom (FTM) has been making headlines in the cryptocurrency world lately, as it has broken out of a descending price channel and is now trading at approximately $0.6721, marking a notable 3.15% increase. This surge has generated discussions among investors and analysts alike, with many wondering if this bullish momentum can propel FTM to new all-time highs.
Two DeFi tokens—Fantom (FTM) and Conflux (CFX)—are gearing up for a potential breakout. With their current price trends at critical junctions, investors are keenly watching to see if these tokens can sustain their momentum and potentially hit the $1 mark in the near future.
FTM, TRX, and APT show gains, while analysts project a long-term bullish outlook for BTC.
FTM's breakout shows strong momentum, supported by bullish technical and on-chain indicators.
The altcoin space has remained calm in the recent past, with most projects signaling imminent bullish breakout after consolidating in the past seven months. The crypto cash rotation will be favoring the altcoins in the near term after Bitcoin's (BTC) price dominated the past year.
When/if Bitcoin ($BTC) makes its next upside move, some of the more fundamentally sound altcoins have the potential to outperform. Binance Coin ($BNB), Fantom ($FTM) and THORchain ($RUNE) are among them.
Fantom (FTM) price has seen a remarkable rally in the last 30 days, surging 68% and sparking speculation of the token's return to $1. However, despite this impressive performance, on-chain data suggest that the run toward this milestone is far from guaranteed.
Amid the minor pullback in the top altcoins, Fantom and Conflux DeFi Tokens are preparing for the next bullish stage. With ongoing recovery runs, the FTM and CFX price trends are at crucial “Make it or Break it” junctions.
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom's major upgrade, named Sonic.
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
Fantom (FTM) price has rebounded impressively after a week of bearish trends. The value of FTM is climbing, with the potential for further increases.
Fantom approaches $0.625 psychological level after a price rebound.
Fantom's FTM token has surged 71% in 30 days, driven by anticipation of the Sonic upgrade, increased network activity, and growing interest in its DeFi ecosystem.
The price of the crypto FTM of the layer-1 network Fantom has recorded an impressive performance in recent weeks.
Fantom (FTM) is capturing the attention of the crypto community as it experiences a sharp rise in price, driven by a substantial increase in whale transactions. Over the past 24 hours, FTM has jumped by 11%, and in the past week, the token has gained a remarkable 20%.
Fantom price defies the crypto market downtrend as traders anticipate a new token launch and mainnet upgrade.
Fantom rises by 11%, driven by a massive whale activity surge.