{"id":631980,"date":"2024-07-29T09:19:38","date_gmt":"2024-07-29T09:19:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631980"},"modified":"2024-07-29T09:19:38","modified_gmt":"2024-07-29T09:19:38","slug":"fantom-ftm-regains-momentum-after-weeks-long-bleed-will-this-continue","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/fantom-ftm-regains-momentum-after-weeks-long-bleed-will-this-continue\/","title":{"rendered":"Fantom (FTM) Regains Momentum After Weeks Long Bleed &#8211; Will This Continue?"},"content":{"rendered":"<p>The market opened today with enthusiasm, seeing a rebound after last week\u2019s slippage. According to CoinGecko, the entire market is <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">up more than 3% today.<\/a> This led to the bulls overtaking the bearish momentum, pulling several altcoins to the top of the list. Fantom is one of those tokens hoping for a bullish reversal. Last week, FTM was down nearly 10%, but bulls <a href=\"https:\/\/www.coingecko.com\/en\/coins\/fantom\" target=\"_blank\" rel=\"noopener nofollow\">regained<\/a> initiative and the token is up almost 6% today. This, along with an upcoming release might make investors and traders buy into the market\u2019s bullishness.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">Technical Indicators Show Strong Bitcoin Bullishness \u2013 New ATH On The Horizon?<\/a><\/div>\n<figure id=\"attachment_632009\" aria-describedby=\"caption-attachment-632009\" style=\"width: 672px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-632009 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_ff9091.png?resize=672%2C335\" alt=\"\" width=\"672\" height=\"335\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_ff9091.png?w=672 672w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_ff9091.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_ff9091.png?w=360 360w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\"><figcaption id=\"caption-attachment-632009\" class=\"wp-caption-text\">FTM up in the last 24 hours. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/fantom\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<h2><strong>Magic Is In The Air With Fantom\/Sonic x Alchemy Partnership<\/strong><\/h2>\n<p>Last Saturday, July 27th, the Fantom Foundation and Sonic Labs started an <a href=\"https:\/\/x.com\/FantomFDN\/status\/36954986\" target=\"_blank\" rel=\"noopener nofollow\">X broadcast with Alchemy,<\/a> a blockchain infrastructure company, discussing the pros of the partnership between the organizations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83c\udf99\ufe0f WE&#8217;RE LIVE w\/ <a href=\"https:\/\/twitter.com\/AlchemyPlatform?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@AlchemyPlatform<\/a> to discuss our partnership and its benefits for users\/developers on Opera and <a href=\"https:\/\/twitter.com\/hashtag\/Sonic?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Sonic<\/a>!<\/p>\n<p>\ud83c\udfa4 Hosts:<a href=\"https:\/\/twitter.com\/_lfausto?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@_LFausto<\/a> + <a href=\"https:\/\/twitter.com\/0xZaunzi?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@0xZaunzi<\/a><\/p>\n<p>\ud83e\udd1d Guests:<a href=\"https:\/\/twitter.com\/BeingDanNolan?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@BeingDanNolan<\/a> (Alchemy) + <a href=\"https:\/\/twitter.com\/SjHarcourt?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@SjHarcourt<\/a> (Fantom\/Sonic Labs)<a href=\"https:\/\/t.co\/HyzcL0AO2h\" rel=\"nofollow\">https:\/\/t.co\/HyzcL0AO2h<\/a><\/p>\n<p>\u2014 Fantom Foundation (Sonic Labs Coming Soon) (@FantomFDN) <a href=\"https:\/\/twitter.com\/FantomFDN\/status\/36954986?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 26, 2024<\/a><\/p><\/blockquote>\n<p>The partnership was first announced on Fantom\u2019s <a href=\"https:\/\/blog.fantom.foundation\/fantom-foundation-and-sonic-labs-partner-with-alchemy-to-enhance-performance-and-scalability-for-opera-and-sonic\/\" target=\"_blank\" rel=\"noopener nofollow\">blog<\/a> in the early half of July, citing that Alchemy\u2019s expertise in the blockchain infrastructure realm makes them the ideal partner for Sonic\u2019s launch.<\/p>\n<p>According to the broadcast, Alchemy will power the Sonic Incentive Program, giving developers access to $5,000 to help with development on the upcoming Sonic platform. This means developers needing help finding funds for their projects will have an easier time building on the upcoming platform.<\/p>\n<p>The incentive program is part of the broader 200 million $S token Innovator fund to help kickstart the transition from Opera to Sonic.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/BguTWpwk\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Fantom is currently trading at $0.472. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>Sonic\u2019s Big Potential<\/strong><\/h2>\n<p>With Alchemy\u2019s pros on the board, Fantom Foundation\u2019s Sonic will have great performance, which according to Sam Harcourt of Sonic Labs, might lead to Sonic performing sub-second transaction finality, with \u201c100s of millions of daily transactions.\u201d<\/p>\n<p>Sonic will also give another revenue stream for developers as it will allow them to collect 90% of the gas fees on the platform to boost revenue.<\/p>\n<p>Promises aside, the announcements gave investors and traders something to hold on to. Improvements in the overall infrastructure of Fantom will lead to a better user experience, leading to more users signing up and more developers seeing value in the platform.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-breakout-0-60\/\" target=\"_blank\" rel=\"noopener \">XRP Price Hints at Breakout: Can It Achieve New Heights?<\/a><\/div>\n<h3><strong>This News Might Not Be Enough\u2026<\/strong><\/h3>\n<p>Although the market is bullish, FTM\u2019s current position is weak with the bears continuing to hold on to their remaining momentum.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-631982\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_cd6389.png?resize=499%2C334\" alt=\"\" width=\"499\" height=\"334\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_cd6389.png?w=499 499w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_cd6389.png?w=460 460w\" sizes=\"auto, (max-width: 499px) 100vw, 499px\"><\/p>\n<p>This will make the bulls more aggressive in the short to medium term, following the general market breakthrough that occurred today and will likely continue until the end of the week.<\/p>\n<p>However, the bulls will have some difficulty in consolidating their position in the long run. FTM\u2019s poor performance in the past month led to its stagnancy this July, leading to some investors and traders moving their money elsewhere.<\/p>\n<p>If the bulls can maintain their steady ground, FTM might regain $0.6165 in the medium to long term.<\/p>\n<p><em>Featured image from Fantom, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market opened today with enthusiasm, seeing a rebound after last week\u2019s slippage. According to CoinGecko, the entire market is up more than 3% today. This led to the bulls overtaking the bearish momentum, pulling several altcoins to the top of the list. Fantom is one of those tokens hoping for a bullish reversal. Last week, FTM was down nearly 10%, but bulls regained initiative and the token is up almost 6% today. This, along with an upcoming release might make investors and traders buy into the market\u2019s bullishness. Related Reading: Technical Indicators Show Strong Bitcoin Bullishness \u2013 New ATH On The Horizon? Magic Is In The Air With Fantom\/Sonic x Alchemy Partnership Last Saturday, July 27th, the Fantom Foundation and Sonic Labs started an X broadcast with Alchemy, a blockchain infrastructure company, discussing the pros of the partnership between the organizations. \ud83c\udf99\ufe0f WE&#8217;RE LIVE w\/ @AlchemyPlatform to discuss our partnership and its benefits for users\/developers on Opera and #Sonic! \ud83c\udfa4 Hosts:@_LFausto + @0xZaunzi \ud83e\udd1d Guests:@BeingDanNolan (Alchemy) + @SjHarcourt (Fantom\/Sonic Labs)https:\/\/t.co\/HyzcL0AO2h \u2014 Fantom Foundation (Sonic Labs Coming Soon) (@FantomFDN) July 26, 2024 The partnership was first announced on Fantom\u2019s blog in the early half of July, citing that Alchemy\u2019s expertise in the blockchain infrastructure realm makes them the ideal partner for Sonic\u2019s launch. According to the broadcast, Alchemy will power the Sonic Incentive Program, giving developers access to $5,000 to help with development on the upcoming Sonic platform. This means developers needing help finding funds for their projects will have an easier time building on the upcoming platform. The incentive program is part of the broader 200 million $S token Innovator fund to help kickstart the transition from Opera to Sonic. Sonic\u2019s Big Potential With Alchemy\u2019s pros on the board, Fantom Foundation\u2019s Sonic will have great performance, which according to Sam Harcourt of Sonic Labs, might lead to Sonic performing sub-second transaction finality, with \u201c100s of millions of daily transactions.\u201d Sonic will also give another revenue stream for developers as it will allow them to collect 90% of the gas fees on the platform to boost revenue. Promises aside, the announcements gave investors and traders something to hold on to. Improvements in the overall infrastructure of Fantom will lead to a better user experience, leading to more users signing up and more developers seeing value in the platform. Related Reading: XRP Price Hints at Breakout: Can It Achieve New Heights? This News Might Not Be Enough\u2026 Although the market is bullish, FTM\u2019s current position is weak with the bears continuing to hold on to their remaining momentum. This will make the bulls more aggressive in the short to medium term, following the general market breakthrough that occurred today and will likely continue until the end of the week. However, the bulls will have some difficulty in consolidating their position in the long run. FTM\u2019s poor performance in the past month led to its stagnancy this July, leading to some investors and traders moving their money elsewhere. If the bulls can maintain their steady ground, FTM might regain $0.6165 in the medium to long term. Featured image from Fantom, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":631988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,9376,43491,92821],"class_list":["post-631980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-fantom","tag-ftm","tag-sonic"],"acf":[],"yoast_head":"\n<title>Fantom (FTM) Regains Momentum After Weeks Long Bleed<\/title>\n<meta name=\"description\" content=\"The market opened today with enthusiasm, seeing a rebound after last week\u2019s slippage. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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