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Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on an Ethereum (ETH) competitor based on price action.
Fantom Price Prediction 2023-2032 Fantom (FTM) was created to overcome Ethereum's limitations and create a new generation of blockchain solving the trilemma of scalability, security, and decentralization. However, with Fantom's outstanding 2,108% growth and additional 2,000% unique addresses, FTM continues to struggle, losing 93% of its value from its ATH in Jan 2022.
As it stands, it does not seem like the demand for the token will wane soon.
Fantom (FTM) has recently displayed remarkable performance, surpassing several leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) among others. Over the past 24 hours, FTM has experienced a notable surge of 9%, propelling its price to the $0.4950 level.
Fantom (FTM) price has crossed above $0.47 after surging double digits on Thursday. The daily trading volume had jumped 116% to $337 million, while open interest in Fantom futures had soared by 25% to $123.6 million as of December 21.
In a surprising turn of events, the cryptocurrency Fantom (FTM) has surged beyond a key resistance level at $0.47, signaling a potentially bullish trajectory for the digital asset. Prominent crypto analyst Ali took to X (formerly Twitter) to express the significance of this breakthrough, stating that with no major resistance in sight until $0.65, Fantom enthusiasts should brace themselves for a robust rally.
While January 2024 is fast approaching, the cryptocurrency sector is increasingly looking at closing the year on a bullish note, altcoins included, led by the example of the flagship decentralized finance (DeFi) asset, which has returned above the important psychological level at $44,000.
The Fantom network has become busier recently as users have now developed increased interest in inscriptions.
“Altcoin Season” is gaining traction, signaling a time when alternative cryptocurrencies, known as altcoins, are outperforming market giants Bitcoin (BTC) and Ethereum (ETH). Experts have observed a pattern during market upswings where funds initially flow into Bitcoin and Ethereum, followed by a surge in altcoins.
A crypto strategist thinks that one altcoin that's trading under the radar could repeat its mid-2020 price action en route to printing massive gains. Analyst Ali Martinez tells his 35,900 followers on the social media platform X that supply-chain management blockchain VeChain (VET) looks poised to break out of its immediate resistance at $0.033.
Story Highlights The live value of Fantom is . FTM price could reach a high of $0.527 by the end of 2024. With a potential surge, the Fantom price may reach a maximum of $1.922 by 2030. The crypto-verse has been generous enough to aspiring and innovative projects.
Analyst Ali Martinez reports that Fantom (FTM) is encountering resistance at $0.46. Breaking the psychological barrier at $0.40 has been a significant achievement for FTM, leading to a notable 22.62% increase in the past month.
A dramatic 18% one-day price surge for Fantom's FTM token to 7-month highs signals renewed investor optimism after ecosystem setbacks in 2023
FTM witnessed an 18% intraday price rally on 14th December, pushing prices to their highest since May.
Fantom (FTM) has made a dramatic shift in its performance to join the ongoing market rally after soaring 18% over the past 24 hours. With its latest price action, Fantom has now seen its price touching $0.4239, marking the highest level the coin has grown since May 2023.
The blockchain landscape is witnessing another seismic shift with the introduction of Sonic Labs, a startup accelerator program by Fantom Foundation. This initiative isn't just another run-of-the-mill tech incubator; it's a game-changer poised to redefine the trajectory of Fantom's Sonic technology.
The accelerator program under Sonic Labs will select up to five projects to join, with each receiving a share of the 1,000,000 FTM grant pool.
Despite its dropping network activity, Fantom's TVL rose in the recent past. Market indicators gave an understanding of what went against FTM.
Fantom (FTM) is on a bullish run, joining the few altcoins leading the ongoing altcoin surge. The digital currency is up 10% at the time of writing to $0.3086, albeit with extreme volatility impacting the price.
Fantom's closed testnet crossed 4 million accounts. Regardless, metrics and market indicators remained bearish on FTM.
In a notable turn of events, the Fantom network experienced a surge in activity, breaking records with 2.94 million transactions on November 22nd. This remarkable increase in daily transactions was propelled by the recent launch of the Fantom Inscription FRC-20 protocol, indicating a growing interest in the blockchain.
A recent analysis by a Crypto Banter pinpointed new notable price levels for prominent altcoins such as XRP, Solana (SOL), Chainlink (LINK), Fantom (FTM), and Polygon (MATIC). These insights provide a fresh perspective on potential entry points for bullish positions in the current market.
Daily transactions count on Fantom recently climbed to a record high. However, demand for FTM continues to plummet.
Discover what's driving Fantom's dramatic surge in on-chain transactions, and what is the effect on gas fees.
