- Fantom crypto’s trading price is down by 88% from its all-time high.
- The FTM crypto has performed better than its token sale price.
Fantom (FTM) is a blockchain platform utilizing DAG consensus for scalability. It employs the Lachesis Protocol for asynchronous transaction processing. Founded in 2018 by Michael Kong, Dr. Ahn Byung Ik, and Dr. Ahn Byung Jun, Fantom ensures fast, low-cost transactions.
Founded in 2018 by Michael Kong, Dr. Ahn Byung Ik, and Dr. Ahn Byung Jun, Fantom ensures fast, low-cost transactions.
The open interest in the Fantom crypto has advanced by 53.6% in the last 24 hours, resulting in $179.03M. Following this, the spot trading volume of the crypto has increased by 56.9%.
The market cap of the crypto has advanced by 6.3%, and the current market cap value of the crypto is $1.128B. This cryptocurrency currently ranks 61st in the global cryptocurrency market.
The crypto’s volume/market cap ratio is 5.77%, and the circulating supply is 2.803B FTM. The total supply of the crypto is 3.175B FTM, and the fully diluted market cap is $1.279B.
The supply inflation of the Fantom is 10.16%, which is considered high, and the dominance of the crypto is 0.06% in the global cryptocurrency market. The volatility of this cryptocurrency is also high at 5.51%, and the sentiment of the crypto is also high.
Fantom Derivatives Analysis
The long/short ratio of the fantom crypto is 0.9798 and the open interest of the crypto has advanced by 5.2% resulting in $89.79.
The short liquidation of the crypto is high, resulting in $147.11K and the long liquidation for the crypto is $123.39K.
FTM Crypto Technical Analysis
The FTM crypto price is witnessing buying pressure and is currently taking support at the breakout levels. The bullish candlesticks can also be seen on the charts, which indicate the probability of further advancement in the price.
On the higher side, there is a resistance at the $0.675 level. Therefore, the FTM crypto price might continue to hit a higher resistance level.
FTM/USD Chart by TradingView
The price of the Fantom crypto trades above the 20-day and the 50-day EMAs, followed by a golden cross of the 50-day and the 200-day EMA. The cost of the crypto is currently taking support at the 50-day EMA and is witnessing bullish pressure.
The RSI is also following a bullish cycle and is currently trading at the 57.29 level, indicating positive momentum in the price. The following behavior of the RSI shows a bullish bias in the crypto price.
The MACD and the signal line are trading in a golden crossover and are approaching the zero level from the lower level. The histogram is also bullish on the charts.
Summary
Fantom’s (FTM) value surged by 93.5% in 30 days, with less than 11% of its total supply in circulation. This crypto asset has seen a surge in trading volume, open interest, and market cap. The technical indicators, such as EMAs and the MACD, are bullish and suggest a potential uptrend.
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.