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Popular crypto analyst Michaël van de Poppe thinks that one decentralized finance (DeFi) altcoin that's been showing strength this year is likely due for a big bounce.
Since the beginning of the previous year, Fantom network, which is a smart contract platform designed to compete with the likes of Ethereum and Solana, has been through a whirlwind of activity. The price of Fantom (FTM) has been quite volatile over the past few months, but based on what analysts have examined, this trend The post Fantom's (FTM) Price Poised For Major Bull Run But There's A Catch appeared first on CoinGape.
Transaction fees and transaction speed are two of the major problems of older blockchains. However, newer platforms like Fantom have found ways to resolve this without compromising security or decentralization.
Ethereum is easily the biggest blockchain, aside from Bitcoin. But for many years, Ethereum users complained about the high cost of transactions and low speed.
BeInCrypto looks at five biggest altcoins losers in the entire crypto market this week, specifically from Feb. 17-24.
Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token's price.
Bitcoin [BTC] slid beneath the $24k mark in the hours preceding the time of writing. As things stood, it traded at $24.1k, but the inability of the bulls to break out past $25.2k has been exposed.
Fantom [FTM] did not manage to follow the current bullish market trend lately, as its price declined in the last 24 hours of press time.
Key Points: A wallet account described as belonging to the Fantom Foundation just transferred 7.5 million FTM to Binance. According to Lookonchain statistics, the wallet address Fantom Foundation: 0x431e81e5dfb5a24541b5ff8762bdef3f32f96354 just moved 7.5 million FTM worth around $4 million to Binance.
The Fantom Foundation, which is the main driving force behind the Fantom ecosystem, has transferred 7.5 million FTM tokens to Binance, according to recent on-chain data. This is the first time since the LUNA/UST crash in May 2022 that the foundation has transferred tokens to Binance, which could be a signal that the foundation is looking to take profits ahead of a potential market reversal.
After witnessing a massive crypto crash in 2022, the present year is something all crypto investors have been waiting for. From meme coins like Shiba Inu and BONE to AI-based crypto coins like SingularityNET, many altcoins saw an impressive bounce back.
Fantom (FTM), the cryptocurrency that powers the high-performance, smart-contract-enabled Fantom blockchain, has been rallying hard in the last few days. FTM was last changing hands in the $0.57s, back above its 21-Day Moving Average at $0.52 and up around 40% versus recent lows around $0.41, with the cryptocurrency benefitting from buying pressure after it found strong support at the summer 2022 high.
Fantom [FTM], the smart contract token, could have another shot at a further upswing after it conquered a significant supply level. According to ali_charts, who got the data from IntoTheBlock, there was no resistance barrier that could prevent FTM from going upward.
Fantom's native $FTM token has posted a more than 10% price gain in the past 24 hours despite increased selling activity on centralized exchanges by whales.
Fantom (FTM) is currently one of the shooting stars alongside AI tokens on the crypto market. Since the beginning of the year, FTM has gained a whopping 164%.
Fantom (FTM) is currently one of the shooting stars alongside AI tokens on the crypto market. Since the beginning of the year, FTM has gained a whopping 164%.
Layer1 (L1) blockchain network Fantom (FTM) rose by 10% in the last 24 hours to $0.51 as of press time, according to CryptoSlate's data.
Data from crypto analytics service provider Santiment has showcased the ongoing steady dumping off of Fantom (FTM) by major whale addresses since the start of the year. According to the analytics service provider, Fantom addresses holding from 10,000 to 100 million FTM units dropped $259.7 million worth of coins in the past four weeks.
Fantom, the Layer-1 blockchain network which gained popularity as an alternative to Ethereum, is once again in the news this year. After facing a severe meltdown in last year's crypto crash, FTM made strong gains since the beginning of 2023.
These three digital tokens are absolutely taking off today.
The overall market has been showing signs of weakness as the price of Bitcoin (BTC) has retested the $21K level several times, while few altcoins appear to be fighting to stay above their immediate support levels. However, the price of Fantom (FTM) is witnessing a roller coaster ride for the past few weeks amidst the The post Fantom (FTM) Price Surges By 15%, Bullish Breakout To $1 In The Making?
Fantom, a popular cryptocurrency, is in the spotlight as on-chain data shows a surge in trading activity. With key supply walls being breached, analysts are closely watching the market to see if Fantom can maintain its momentum and trigger a bullish breakout.
Fantom (FTM) suddenly jumped over 13% as investors awaited the release of CPI data. At the time of writing, FTM token was up 4.03% in the last hour and up 13% in the last 24 hours at $0.494.
The Fantom price had seen a significant increase at the beginning of February; however, FTM had seen a substantial decline at the time of publication. Over the last 24 hours, FTM retraced over 4%, and in the previous week, the token lost above 21% of its market value.
