- The Fantom crypto is trading 19000% above its all-time low price.
- The trading volume of the crypto is trading flat in the last 24 hours.
Fantom is a DAG-based blockchain platform that aims to offer fast, secure, and scalable transactions. FTM is its native token that is used for staking, governance, payments, and fees. Fantom was founded by Michael Kong, Dr. Ahn Byung Ik, and Dr. Ahn Byung Jun in 2018.
As per CoinCodex, the sentiment of the crypto is bullish and the supply inflation of the Fantom crypto is bullish at 10.16%. Additionally, the market cap dominance of the crypto is 0.07%.
The market cap of the crypto has declined by 1.35% in the last 24 hours, resulting in a value of $1.074 Billion, which makes it the 60th largest crypto in the world. Furthermore, the volume/market cap ratio of the crypto is 6.52%.
The long/short ratio of the Fantom crypto is 0.9589 and the long liquidation for the crypto is very high as compared to the short liquidation. The long liquidation for the crypto is $128.31K while the short liquidation for the crypto is $13.90K.
Fantom Blockchain Data Overview
As per DefiLlama, the revenue of the Fantom crypto recorded in the last 24 hours is $439.75 and the stablecoins market cap of the crypto is $344.88 Million. Additionally, the total amount raised by the crypto is $40.0 Million.
The total supply and the max supply of the Fantom crypto is 3.175 Billion FTM and the fully diluted market cap of the crypto is $1.226 Billion. Additionally, the current circulating supply of the crypto is 2.803 Billion FTM.
FTM Crypto Technical Analysis
From its all-time high trading price, the Fantom crypto price has declined by 89% and currently, the price of the crypto is at significant lows.
Despite the huge decline in the trading price, the crypto is trying to recover from the most recent swing low but it has been unable to break above the last swing high.
The price of the FTM crypto has declined below the 20-day and the 50-day EMAs while it has bounced back after taking support at the 200-day EMA. Furthermore, the 50-day and the 200-day EMAs are forming a golden cross.
The MACD of the FTM crypto is showing weakness as the MACD and the signal lines are situated below the zero level.
The RSI is below the 50-level and is consistently sustaining below this level. Despite this, the RSI is above the 14-day SMA and if the RSI further breaks above the 50-level, then we might witness an upward move in the price of the crypto.
Summary
Fantom (FTM) is a DAG-based blockchain platform with a native token for staking, governance, payments, and fees. FTM has declined by 89% from its all-time high and is struggling to recover. The trading volume, market cap, and sentiment are low, while the long liquidation is high. The technical indicators are currently bearish so the price is likely to decline in the days ahead.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.