Fantom / FTM analysisFtm pumped almost 300% since Andre Cronje back as vice president of memes at the fantom foundation!
FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.54 today with a 24hour trading volume of 650 million dollar. This represents a 15% price increase in the last 24 hours and a 170% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget-friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. while ftm has been on an upward trend since the first week of the year, its price rally in the last week can be attributed to Fantom’s recent integration with the Axelar Network.on Jan. 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network.
since we published our first ftm chart and hit all targets (100% gain) its time to look at the chart again and set new targets. ftm successfully broke ascending triangle and broke 0.29 and 0.31 resistance as well. next targets for ftm is 0.65, 0.75 and 0.8$
what do you think about ftm price ? bullish , bearish or apish!?
Andrecronje
Fantom (FTM) and Andre CronjeFTM's social and market activity is on the rise after Andre Cronje released an article highlighting the cash flow of FantomFDN in 2022
Fantom price today is $0.241135 with a 24 hour trading volume of 230 million dollar. FTM price is up 12% in the last 24 hours
Andre Cronje, a long serving figure in the DeFi space, says the Fantom blockchain project he advises is cash-flow positive, earning more than $10 million in annual revenue
Cronje shared a blog post on Monday that claims the Fantom team maintains more than $300 million in assets without specifying how much is considered liquid. “We are still scaling up,” Cronje said
Fantom’s reported treasury, as yet unproven on-chain, is made up of around 450 million FTM ($85.7 million). There’s also $100 million in stablecoins and $100 million in undisclosed cryptocurrencies, as well as $50 million in non crypto assets, per Cronje’s post.Fantom is a layer1 blockchain compatible with Ethereum Virtual Machine. The network competes with the likes of Solana, Avalanche and Polygon for Ethereum’s market dominance. but lets talk about the technical analysis
the blue line shows the important resistance (0.29$) for Ftm and if bulls breaking it, the next targets will be 0.31 - 0.4 and
if you managed to long at 0.17 its time to take some profit as well
Fantom | FTM & Andre Cronje FTM jumped 300% since Defi father aka Andre Cronje is back as vice president of memes at the fantom foundation! wait a what...
FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.53 today with a 24hour trading volume of 315 million dollar. This represents a 4% price increase in the last 24 hours and a 11% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. .on Jan 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network and ftm whales use every opportunities to accumulate as much as they can
since we published our first ftm chart and hit all targets - 100% gain - its time to look at the chart again and set new targets.
The daily EMA showed bullish signal at 0.35 and it shows the down trend is over. RSI shows bulls are in control. ftm successfully broke ascending triangle at 0.23 and broke 0.29 and 0.31 resistance as well. next targets for FTM are 0.57, 0.59 and 0.63$ and if you trade with btc pair ftm broke 000016 resistance and heading to 000018 and 000020
$FTM Reached to 2nd Target & Ready To Attack The 3rdHi guys,
UPCOM:FTM was finally able to reach the 100WMA and by crossing this resistance level, it crossed 50 cents and touched our second target. Regarding the crossing of the 50 cents level, as I wrote earlier, if we see a weekly candlestick above $0.5 tomorrow night, we can expect the third target at the $0.64 level to be available soon. Also another important event is the formation of an intersection between the 100WMA and the 200WMA, which can easily throw UPCOM:FTM towards $1.
CRYPTOCAP:BTC has given investors rich profits since its last recorded low, and now there is an opportunity for "Smart Money" to flow into the top projects of the crypto market. After Solana's CRYPTOCAP:SOL and Avalanche's CRYPTOCAP:AVAX we all know about the high potential of Fantom's UPCOM:FTM and this has made us wait longer for the growth we expect from $FTM. But at the same time, we should not forget to save profits and not be greedy.
This is not a financial advice & do your own research.
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BJWise,
Goodluck
Nothing Bullish about #YFI sub $2k it goes.YEARN finance was one of the big winners last cycle sucking in many people into the overcomplicated Ponzi
Like #HEX it helped formed DEFI 1.0
will it be around when DEFI 2.0 comes is born has a bull cycle
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who knows??
$100K was an obvious trap
But looks like there is one last leg down.