{"id":642501,"date":"2024-09-17T14:00:08","date_gmt":"2024-09-17T14:00:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=642501"},"modified":"2024-09-17T10:09:54","modified_gmt":"2024-09-17T10:09:54","slug":"ftm-rockets-17-amid-growing-interest-in-fantom-ecosystem","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ftm-rockets-17-amid-growing-interest-in-fantom-ecosystem\/","title":{"rendered":"FTM Rockets 17% Amid Growing Interest In Fantom Ecosystem"},"content":{"rendered":"<p>Fantom (FTM) has been <a href=\"https:\/\/www.coingecko.com\/en\/coins\/fantom\" target=\"_blank\" rel=\"noopener nofollow\">soaring 17%<\/a> over the past week, on a quite decent trend, with strong support recorded in the area of $0.47-$0.48, data from IntoTheBlock indicates. This suggests that the price jump may be connected to increased demand and growing network interest.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-for-92000-bounce-in-3-months-analyst-predicts\/\" target=\"_blank\" rel=\"noopener \">Bitcoin On Track For $92,000 \u2018Bounce\u2019 In 3 Months, Analyst Predicts<\/a><\/div>\n<p><span id=\"input-sentence~1\">Approximately 1,560 addresses bought 242.56 million FTM tokens in this range, thereby providing a firm base for the recent run. Crypto trader Mister Crypto mentioned the network&#8217;s ongoing development, saying, &#8220;It\u2019s one of my major holdings, and I believe it will eventually see a massive leg up.&#8221;<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<p>The trading volumes show growing interest; CoinMarketCap notes that they jumped over 150% last week. Rising Total Value Locked by $2 billion is driving expansion of the DeFi ecosystem. Will FTM, however, be able to overcome crucial resistance? Let&#8217;s dig deeper into numbers.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-642507\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?resize=960%2C271\" alt=\"\" width=\"960\" height=\"271\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?w=960 960w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_a3e718.png?w=750 750w\" sizes=\"(max-width: 960px) 100vw, 960px\"><\/p>\n<p style=\"text-align: center\">Fantom IOMAP chart. Source: IntoTheBlock<\/p>\n<h2><strong>DApp Volumes Triple Overnight<\/strong><\/h2>\n<p>The Fantom ecosystem is also performing well and more so in the dApp space. According to the report by DappRadar, volumes rose from $3.4 million to $9 million within just 24 hours, showing how relevant the network was in decentralized applications. DeFi activity on Fantom has also increased much as data from DeFiLlama indicate that TVL of the network stands at $77 billion.<\/p>\n<figure id=\"attachment_642515\" aria-describedby=\"caption-attachment-642515\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-642515 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?resize=1024%2C480\" alt=\"\" width=\"1024\" height=\"480\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?w=1060 1060w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_192ea2.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-642515\" class=\"wp-caption-text\">Source: DappRadar<\/figcaption><\/figure>\n<p>This boom attracts not only traders but also developers and makes Fantom a strong player in the DeFi area. While these developments are promising, the actual test would be if FTM can break through its long-standing resistance level.<\/p>\n<h2><strong>FTM Hits Major Resistance<\/strong><\/h2>\n<p>FTM had been retesting a resistance point of $0.52 for weeks, and, with multiple pushes to break through, it has failed on many occasions, causing each failure to result in a bearish reversal, although there are signs that FTM might finally break this trend.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/BXmSZ4R3\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">FTM market cap currently at $1.59 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>FTM&#8217;s CMF has also flipped positive, indicating strong buying pressure. OBV is rising accompanied by an increase in trading volume. Confirmation of the trend will be coming if OBV breaks above its &#8220;smoothing line.&#8221; Breaching $0.52 will open the way for further rally to the 1.618 level at $0.63.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">13. Fantom <a href=\"https:\/\/twitter.com\/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$FTM<\/a><\/p>\n<p>This is not a shiny new coin, but an OG coin with a lot of development behind the scenes.<\/p>\n<p>It\u2019s one of my major holdings, and I believe it will eventually see a massive leg up.<\/p>\n<p>It might take some time, but I think it will happen eventually. <a href=\"https:\/\/t.co\/hFiGts2X2N\" rel=\"nofollow\">pic.twitter.com\/hFiGts2X2N<\/a><\/p>\n<p>\u2014 Mister Crypto (@misterrcrypto) <a href=\"https:\/\/twitter.com\/misterrcrypto\/status\/97330128?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 10, 2024<\/a><\/p><\/blockquote>\n<h3><strong>What&#8217;s In Store For Fantom?<\/strong><\/h3>\n<p>Mister Crypto shares some optimism about the future for Fantom, saying that all the silent development work is going on in the background. He believes that though FTM may take some time to take off, the network is in for huge long-term growth. The most exciting new development lies in the Sonic upgrade, which should roll out around the end of 2024.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/avalanche-revenue-nosedives-over-40-in-q2-impact-on-avax-price\/\" target=\"_blank\" rel=\"noopener \">Avalanche Revenue Nosedives Over 40% In Q2 \u2013 Impact On AVAX Price<\/a><\/div>\n<p>It means Sonic will bring a new Fantom Virtual Machine, an optimized Lachesis consensus mechanism, and advanced database storage. These upgrades will help improve the network speed and scalability. All these upgrades can make the network more appealing to developers and investors alike.<\/p>\n<p>Looking ahead, Fantom&#8217;s strong on-chain support combined with some technical upgrades on the horizon keeps it primed and ready to display excellent growth going forward. Despite this, a push above the $0.52 resistance level remains an immediate necessity, the outlook long-term does indeed look hopeful with the Sonic upgrade and growth of DeFi.<\/p>\n<p><em>Featured image from Shrimpy Academy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fantom (FTM) has been soaring 17% over the past week, on a quite decent trend, with strong support recorded in the area of $0.47-$0.48, data from IntoTheBlock indicates. This suggests that the price jump may be connected to increased demand and growing network interest. Related Reading: Bitcoin On Track For $92,000 \u2018Bounce\u2019 In 3 Months, Analyst Predicts Approximately 1,560 addresses bought 242.56 million FTM tokens in this range, thereby providing a firm base for the recent run. Crypto trader Mister Crypto mentioned the network&#8217;s ongoing development, saying, &#8220;It\u2019s one of my major holdings, and I believe it will eventually see a massive leg up.&#8221; The trading volumes show growing interest; CoinMarketCap notes that they jumped over 150% last week. Rising Total Value Locked by $2 billion is driving expansion of the DeFi ecosystem. Will FTM, however, be able to overcome crucial resistance? Let&#8217;s dig deeper into numbers. Fantom IOMAP chart. Source: IntoTheBlock DApp Volumes Triple Overnight The Fantom ecosystem is also performing well and more so in the dApp space. According to the report by DappRadar, volumes rose from $3.4 million to $9 million within just 24 hours, showing how relevant the network was in decentralized applications. DeFi activity on Fantom has also increased much as data from DeFiLlama indicate that TVL of the network stands at $77 billion. This boom attracts not only traders but also developers and makes Fantom a strong player in the DeFi area. While these developments are promising, the actual test would be if FTM can break through its long-standing resistance level. FTM Hits Major Resistance FTM had been retesting a resistance point of $0.52 for weeks, and, with multiple pushes to break through, it has failed on many occasions, causing each failure to result in a bearish reversal, although there are signs that FTM might finally break this trend. FTM&#8217;s CMF has also flipped positive, indicating strong buying pressure. OBV is rising accompanied by an increase in trading volume. Confirmation of the trend will be coming if OBV breaks above its &#8220;smoothing line.&#8221; Breaching $0.52 will open the way for further rally to the 1.618 level at $0.63. 13. Fantom $FTM This is not a shiny new coin, but an OG coin with a lot of development behind the scenes. It\u2019s one of my major holdings, and I believe it will eventually see a massive leg up. It might take some time, but I think it will happen eventually. pic.twitter.com\/hFiGts2X2N \u2014 Mister Crypto (@misterrcrypto) September 10, 2024 What&#8217;s In Store For Fantom? Mister Crypto shares some optimism about the future for Fantom, saying that all the silent development work is going on in the background. He believes that though FTM may take some time to take off, the network is in for huge long-term growth. The most exciting new development lies in the Sonic upgrade, which should roll out around the end of 2024. Related Reading: Avalanche Revenue Nosedives Over 40% In Q2 \u2013 Impact On AVAX Price It means Sonic will bring a new Fantom Virtual Machine, an optimized Lachesis consensus mechanism, and advanced database storage. These upgrades will help improve the network speed and scalability. All these upgrades can make the network more appealing to developers and investors alike. Looking ahead, Fantom&#8217;s strong on-chain support combined with some technical upgrades on the horizon keeps it primed and ready to display excellent growth going forward. Despite this, a push above the $0.52 resistance level remains an immediate necessity, the outlook long-term does indeed look hopeful with the Sonic upgrade and growth of DeFi. Featured image from Shrimpy Academy, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":642535,"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":[142,6664,1741,9376,43491],"class_list":["post-642501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-digital-currencies","tag-fantom","tag-ftm"],"acf":[],"yoast_head":"\n<title>FTM Rockets 14% Amid Growing Interest In Fantom Ecosystem<\/title>\n<meta name=\"description\" content=\"Fantom (FTM) has been soaring 17% over the past week, on a quite decent trend, with strong support recorded in the area of $0.47-$0.48, data from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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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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