Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.   Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantoms trajectory, stating that he believes FTM will still be a decent project going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.  Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FTMs rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantoms chart, which showed that a price rally was imminent.  Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantoms pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a massive revamp lately with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonics native token) airdrop, which could attract developers and users to Fantoms ecosystem.  In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.  FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoins weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.  Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.  At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...]

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Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price

Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto [...]

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FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding

The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain.  In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundations [...]

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Fantom Price Continues To Shine Whats Behind The Latest 15% Surge?

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited Sonic upgrade has been critical to the turnaround the Fantom price has witnessed in the past few months. Sonic is expected to improve Fantoms technology stack and introduce major scalability enhancements without a disruptive hard fork. Related Reading: This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Heres Why Most recently, the Fantom Foundation unveiled the details of the upcoming layer-1 chain Sonic Network. According to the blog post, the new blockchain network will be connected to and be able to tap into vast amounts of liquidity, users, and protocols from Ethereum and beyond via a native layer-2 bridge. As disclosed previously, the Sonic Network is expected to go live alongside a new token, with the ticker S. In the latest memo, the project revealed that FTM token holders will be able to migrate Sonics token at a 1:1 ratio, depending on the results of a governance vote. The Fantom Foundation said in its latest blog post:  Initially, this migration process is anticipated to be bi-directional, which will allow users to swap back and forth between $FTM and $S. Since the $S token will only exist on Sonic and $FTM will only exist on Opera, we anticipate utilizing a bridge to enable bi-directional swaps. This process enables a seamless migration for current Opera network participants to experience Sonic. After a transitional period (to be determined in the future), the migration process is expected to transition to a one-way migration of $FTM to $S. The project noted that the supply of the new S token will match that of FTM to facilitate the token migration process after the Sonic chain launch. It is worth mentioning that the Fantom price experienced a significant surge following this update on the Sonic Network on May 17. Fantom Price At A Glance As of this writing, the Fantom price is around $0.908, reflecting an almost 15% increase in the past 24 hours. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally Featured image from iStock, chart from TradingView

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Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for breach of contract and fraudulent misrepresentations.  [...]

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Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning?

Over the past 24 hours, Fantom (FTM) has emerged as the standout performer among the top 100 cryptocurrencies by market capitalization, registering a remarkable 13.5% gain. This surge is part of a broader rally that has seen the FTM price soar by 180% over the last four weeks, propelling it from $0.42 to $1.20. This upward trajectory has significantly boosted Fantom’s market capitalization to $3.3 billion, positioning it as the 41st largest digital asset worldwide. Here’s why this might be just the beginning: #1 Sonic Upgrade: The Catalyst for Fantom’s Rally The anticipated Sonic upgrade is central to Fantom’s recent success. Designed to enhance the Fantom technology stack, Sonic introduces major scalability improvements without necessitating a disruptive hard fork. Key components of the Sonic upgrade include: Fantom Virtual Machine (FVM): Aims to significantly boost transaction throughput. Carmen Database: Promises to reduce storage requirements by up to 90%. Optimized Lachesis Consensus: Improves upon the existing consensus mechanism for enhanced performance. With these enhancements, Fantom targets a throughput of over 2,000 transactions per second (TPS), marking a substantial leap in scalability. Importantly, the upgrade ensures that existing Fantom Opera smart contracts and tools remain fully compatible with the Sonic mainnet, which is scheduled to launch in Spring 2024. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Recent testnets have demonstrated Sonic’s potential. The closed testnet, focused on ERC-20 swaps, achieved an impressive ~4,000 TPS with ~1.3-second finality. Furthermore, a reconfiguration to process only ERC-20 transfers led to a groundbreaking ~10,000 TPS at ~1.6-second finality, showcasing the capabilities of next-generation decentralized exchanges (DEXs) and wallets. 10k tps achieved. Publicly verifiable. Can test for yourself, on public infrastructure. No need for "trust me bro". Available today, no need to wait. And we havent even started with the parallel execution meme. https://t.co/q2QRKM9WXe — Andre Cronje (@AndreCronjeTech) March 15, 2024 Reflecting on Sonic’s impact, Reflexivity Research highlighted, “Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT).” The research firm added that another cornerstone for Fantom is its exemplary 99.9% uptime. Fantom’s novel solutions position it as a frontrunner in the development of decentralized networks, Reflexivity Research stated. #2 Andre Cronje: The Innovator’s Promise Andre Cronje, the founder of Fantom and one of the brightest minds in the crypto industry, has been instrumental in driving innovation within the ecosystem. Cronje recently underscored his commitment to advancing the crypto space, stating, “The number 1 dex on Base, and the number 1 dex on Optimism are both built with code I wrote and pioneered. Stick to where the innovators are, post Sonic I will be adding some new primitives to crypto.” Related Reading: Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars #3 Coinbase Announcement: A New Milestone Another factor driving todays price rally is probably todays Coinbase International announcement that it will launch Fantom perpetual futures on Coinbase International Exchange and Coinbase Advanced, set to commence on or after 9:30am UTC on March 28, 2024. This move by Coinbase is expected to further enhance Fantom’s liquidity and accessibility, contributing to its growing appeal among investors. @CoinbaseIntExch will add support for Fantom and THORChain perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our FTM-PERP and RUNE-PERP markets will begin on or after 9:30am UTC on 28 MAR 2024. pic.twitter.com/CHBVF58ISc — Coinbase International Exchange (@CoinbaseIntExch) March 21, 2024 #4 Technical Analysis: FTM/USD The bullish momentum of Fantom price is apparent in the weekly FTM/USD chart on Binance, signified by the latest candlestick closure above the key exponential moving averages (EMAs) of 20, 50, 100, and 200 periods. This week’s candlestick represents a notable increase of approximately 50% from the intra-week low. Fantom’s ascent has propelled its value beyond the 0.382 Fibonacci retracement level, situated at $0.9176. This bullish breakout suggests the market may target subsequent Fibonacci levels, with $1.38 (0.382 Fib) acting as an intermediate psychological and technical resistance, followed by $1.76 (05 Fib), and potentially extending towards the golden ratio at $2.13, which corresponds with the 0.618 Fibonacci level. On the flip side of this bullish scenario, should a correction occur across the broader crypto market, immediate support for FTM can be anticipated at the $0.92 level. Stability at or above this threshold could reaffirm bullish market control. Conversely, a downward breach could intensify selling pressure, possibly leading to a retest of support around the $0.56 mark. Featured image from Kraken Blog, chart from TradingView.com

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Fantom Price Explodes: How High Can the Fantom (FTM) Price Go?

Now, the big question is whether this bounce-back will last. Let's take a look at the Fantom price prediction article

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Fantom Price Prediction: FTM Drops 8% To $0.48 – What Next?

Fantom price was trading at the 200-four-hour SMA just above $0.49 after dropping 8.53% in the past 24 hours. The bulls were struggling to hold [...]

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Fantom (FTM) Price Explodes 60% On Interchain Communication News

Fantom (FTM) price continues to display strength leading the gains in the crypto market on late Thursday and during the early Asian trading hours on [...]

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Fantom Price Prediction – Up 8.6% to $0.25, Time To Buy FTM For The Push To $0.33?

Fantom price has been edging higher since late November when support at $0.1642 was confirmed. The scalable Layer-1 token rallied 8.6% in 24 hours, bringing [...]

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Fantom Price Prediction: Will Fantom Reach $0.3?

The global crypto market has been flashing green of late, remaining well-bid at around the $870.30 billion mark. The two largest cryptocurrencies by market value, [...]

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Fantom (FTM) Price Prediction 2022 — Will FTM Hit $4 Soon?

Bullish FTM price prediction is $0.2860 to $1.7464. Fantom (FTM) price might also reach $4 soon. Bearish FTM price prediction

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Fantom (FTM) Price Prediction 2022 – Will FTM Hit $3 Soon?

Bullish FTM price prediction is $0.3922 to $1.7348. Fantom (FTM) price might also reach $3 soon. Bearish FTM price prediction

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Fantom (FTM) Price Prediction 2022 – Will FTM Hit $2 Soon?

Bullish FTM price prediction is $0.3897  to $1.7512. The FTM price will also reach $2 soon. FTM bearish market price

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How and Where to Buy Fantom Crypto FTM?

Find out where to buy Fantom crypto with the best rates: how to buy FTM coin instantly? What is Fantom crypto used for?

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How to add Fantom to MetaMask?

Fantom is a very popular cryptocurrency and smart contract platform that is the basis of decentralized applications. The Fantom Blockchain is characterized by efficiency and high scalability. The Fantom Token (FTM) rose massively in value in the second half of the year and brought investors high profits. If you want to earn money from Fantom's growth, you should use the MetaMask as a wallet for your Fantom tokens. MetaMask is a very good choice because you can not only hold FTM tokens with this wallet, but also have functions such as token swaps and can even connect to decentralized applications. In this article, we will explain how to add Fantom to MetaMask. 

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Fantom Price Prediction – Andre Cronje Scandal might CRASH FTM Further!

Andre Cronje and Anton Nell have left the DeFi space. Among other things, Andre Cronje was involved in the Fantom project, which is why the price of FTM fell drastically recently. But how does the chart for the Fantom price look now? Does the price still have a future, or will the price continue to fall since Andre Cronje left the project? In this Fantom price prediction, we'll cover FTM prices from a technical standpoint.

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Fantom Price Breakout: Analyst Shares Anatomy Of FTMs 18,000% Move To $150 By 2025

A recent technical analysis on TradingView has drawn attention to the Fantom price, with a projected 18,000% increase to reach $150 by 2025. Ultra-bullish predictions are common in the crypto market, but this one is exceptionally optimistic for Fantom. The technical analysis, which dates back to the crypto’s price action in late 2020, bases the ultra-bullish prediction on historical price trends and technical patterns forming on the Fantom price chart. Anatomy Of FTMs 18,000% Move The analyst’s prediction begins by highlighting Fantom’s significant price correction of 70% from its 2021 all-time high of $3.46. Despite this, technical indicators show that investors are now adopting a bullish outlook on the cryptocurrency. The 10-day Fantom/TetherUS chart reveals resistance breakouts in both the price action and the RSI indicator, signaling a shift in momentum from bearish to bullish. Consequently, the analyst’s technical setup now indicates a bullish reversal in progress.  Related Reading: XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target Central to the forecast is the bull flag pattern that spans Fantoms price movements over the past three years. Notably, recent price action has seen the Fantom price breaking above this bull flag pattern. The analyst notes that if this pattern repeats the impulsive wave seen in Fantoms rally in 2021, the cryptocurrency could achieve another 18,000% increase. Back in 2021, this 18,000% increase saw the price of Fantom go from around $0.015 in November 2020 to $3.46 by October 2021. Although the cryptocurrency landscape has changed since then, the analyst predicted that Fantom could repeat another 18,000% move in light of the bull flag breakout. This would translate to a price of $150 from the current price level. Such a move would undoubtedly see Fantom outperforming most cryptocurrencies. Nonetheless, the analysis emphasizes the need for patience, as corrections of up to 80% may occur during the projected climb. The confluence of multiple technical indicators, visualized through red and blue arrows on the chart below, further supports the forecast. Key Resistance Levels And Risk Assessment The analyst identifies $3 as the first major resistance level, highlighted by the formation of an inverse head-and-shoulders pattern. Breaking through this zone would be a crucial step in validating the bullish trajectory. Related Reading: Dogecoin Price Completes First Bull Phase Similar To 2021, Heres What Comes Next At the time of writing, Fantom (FTM) is trading at $1.03. Its price movements in the past seven days have traded between the upper and lower ends of $1.29 and $0.987, respectively. However, Fantom is still bullish on the larger timeframe, as it is currently up by over 61% in the past 30 days.  An 18,000 projection from the current levels would require far more capital inflow than it did in 2021, when Fantom was trading around 1 cent. Regardless of how this 18,000% projection plays out, the Fantom price is on track to keep on its steady growth alongside the rest of the crypto market, especially if an altcoin season eventually rolls in.   Featured image created with Dall.E, chart from Tradingview.com

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Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals Whats Next In The Parabolic Trend

A crypto analyst on TradingView, known as Tradecitypro, has published a detailed Fantom (FTM) report, breaking down the cryptocurrencys price action across the daily and 4-hour timeframe. After accurately predicting Fantoms surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTMs next parabolic trend.  Fantom [...]

The post Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals Whats Next In The Parabolic Trend appeared first on Crypto Breaking News.

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