Is FTM the Next Big Thing in Crypto?

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Fanton’s price is in a strong uptrend as demand for altcoin skyrockets. The price of FTM crypto is up over 14% and is trading at $ 0.6650. That price is more than 325% above June’s low, bringing its total market cap to over $ 1.6 billion. It is the 71st largest coin in the world.

What is Fantom?

Fantom is an advanced blockchain project that helps people build highly personalized decentralized applications (DAPP) and non-fungible tokens (NFT). The project aims to solve some of the main challenges facing old blockchain projects like Bitcoin. These challenges are speed, security, and scalability.

Fantom uses Lachesis, which is the backbone of the entire network. This is a BFT consensus mechanism that makes transactions built using the network relatively faster and more secure. Lachesis powers the deployment of Fantom’s mainnet, which relies on Ethereum’s blockchain. FTM is the native token of the Fantom ecosystem. It is a token that is used to secure the network, facilitate on-chain governance, and pay network fees.

The Fantom price has been in a strong uptrend over the past few months. This growth is mainly due to the continued adoption of the network by users. He has also collaborated with prominent blockchain projects such as Chainlink, Raviton, and Band Protocol.

Additionally, the volume of FTM traded every day has increased, with more traders hoping that this will be the next big breakthrough in the cryptocurrency industry. Over the past few months, we’ve seen unknown tokens rise from obscurity to become some of the biggest in the industry. Some of them are Solana and Internet Computer.

Ghost price prediction

The four-hour chart shows that the price of the FTM has followed a strong uptrend over the past few months. Notably, the coin managed to break through the key resistance at $ 0.5976, which was the highest level on August 22. It also passed the top of the cup and grip pattern and the 25- and 50-day exponential moving averages. (EMA).

Therefore, although the overall trend is bullish, I suspect that the coin will retreat towards the upper part of the cut at $ 0.5976. This price is about 12% lower than the current level. On the other hand, a move above $ 0.75 will invalidate the bearish view.

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