- FTM’s worth rose by 4.59% over the previous day.
- Following a retracement from its former excessive, FTM’s worth retraced to its present degree.
- If the present degree is unable to carry, then the worth of FTM could danger dropping to as little as $0.2650.
According to the crypto market tracker, CoinMarketCap, the worth of Fantom (FTM) has elevated during the last 24 hours.
At the time of writing, the worth of FTM is round $0.2746, which is 4.59% larger than it was yesterday. The 24-hour worth motion has additionally added to FTM’s bounce in worth during the last 7 days because the coin now finds its worth up by simply over 4% during the last 7 days.
Ranked quantity 62 on CoinMarketCap’s checklist of the most important crypto tasks by market cap, the present absolutely diluted market cap of FTM is estimated to be $870,679,943. FTM’s each day buying and selling quantity is one other statistic that has picked up during the last 24 hours because the each day buying and selling quantity is round $210,757,245 on the time of writing. This is a 69.88% enhance in comparison with the day prior.
When evaluating FTM to the two largest cryptos by market cap, Ethereum (ETH) and Bitcoin (BTC), FTM has weakened barely in opposition to BTC and has strengthened in opposition to ETH a bit. Currently, FTM has weakened by 1.22% in opposition to BTC and has strengthened by 0.67% in opposition to ETH.
Looking on the 1-hour chart for FTM/USDT, FTM’s worth retraced right down to $0.2738 from its former excessive at round $0.2940. This retracement could also be adopted by a bullish continuation to doubtlessly goal between $0.45-0.55. Should this transfer happen, it would solely occur over the approaching weeks.
However, if the present degree is unable to carry, then the worth of FTM could danger dropping to as little as $0.2650.
Disclaimer: The views and opinions expressed on this article are solely the writer’s and don’t essentially mirror the views of CoinQuora. No info on this article ought to be interpreted as funding recommendation. CoinQuora encourages all customers to do their very own analysis earlier than investing in cryptocurrencies.
