Fantom (FTM) has been surging over the previous few days. The Ethereum competitor actually managed to cross above $3.4, hitting an all-time excessive within the course of. However is it the appropriate time to purchase Fantom? How far can this uptrend momentum go within the close to and long run? Listed below are some highlights:
Fantom (FTM) has outperformed nearly all main cryptos, gaining a whopping 35% over the previous week.
The token did fall barely from its all-time excessive and was buying and selling at $3.22 on the time of writing.
Complete Worth locked on Fantom (FTM) has surged to $7.75 billion, a 26% bounce over 7 days.
Knowledge Supply: Tradingview.com
Fantom (FTM) – Worth motion and prediction
Fantom (FTM) has typically been described as an underrated undertaking that’s going to shock many. Regardless of a sluggish begin in 2022, the altcoin has held regular and is now charting an upward trajectory.
Weekly beneficial properties stand at 35%, the most effective in your entire market. However it’s the whole worth locked or TVL that’s attracting a whole lot of curiosity. Final week, Fantom’s TVL rose to $7.7 billion, a 26% enhance over 7 days. This was one of many key drivers of the worth motion this week.
We anticipate Fantom (FTM) to take care of this trajectory. Though the token has barely fallen from its $3.4 all-time excessive, it should retest that threshold within the coming days.
Do you have to purchase Fantom (FTM)
For the final months, Fantom (FTM) has ranked as one of many fastest-growing crypto property available in the market. In case you are in search of an honest Ethereum different with excellent underlying fundamentals, then Fantom (FTM) is an honest possibility.
As for people who need a quick time period play, possibly journey the bullish uptrend. The truth is, over the previous few days, individuals who have tried to wager towards FTM have been burned, so it will not be a good suggestion.