{"id":101634,"date":"2024-11-27T10:54:05","date_gmt":"2024-11-27T14:54:05","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101634"},"modified":"2024-11-27T10:54:10","modified_gmt":"2024-11-27T14:54:10","slug":"fantom-price-rise-past-1-whats-next-for-ftm","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fantom-price-rise-past-1-whats-next-for-ftm\/","title":{"rendered":"Fantom Price Rise Past $1, What’s Next For FTM?"},"content":{"rendered":"\n

The recent increase in Fantom price<\/a> is accompanied by robust address activity, and analysts anticipate that the stock will reach $15 within the next year.<\/p>\n\n\n\n

\"Fantom
Fantom Price Rise Past $1, What's Next For FTM?<\/em><\/figcaption><\/figure>\n\n\n\n

The Fantom\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> price has experienced a 60% increase on the weekly chart, showing a steady upward trend. FTM, the native cryptocurrency of the innovative contract platform Fantom, has experienced an additional 10.69% increase in the past 24 hours, surpassing the significant milestone of $1. The daily trading volume has also increased by 68% to $1.4 billion, indicating a robust favorable sentiment.<\/p>\n\n\n\n

Fantom Price has increased by 63% in response to increase in active addresses<\/strong><\/h3>\n\n\n\n

The price of Fantom has experienced an extraordinary 63% increase in the past six days, and the number of daily active addresses on the network has also increased significantly. This increase is fueled by the increasing fear of missing out (FOMO) as new traders join the platform.<\/p>\n\n\n\n

Santiment, a blockchain analytics firm, has observed that these abrupt increases in utility and address activity frequently indicate market peaks, as evidenced by previous trends. Analysts contend this is an advantageous entry point for prospective investors as daily active addresses gradually diminish.<\/p>\n\n\n\n

Santiment has recommended that traders monitor Fantom's address activity for trend-reversal indications. Additionally, it suggested that traders evaluate the general market sentiment before initiating new transactions.<\/p>\n\n\n\n

Bitcoin's price<\/a> correction has escalated over the past four days, and altcoins have followed suit. Nevertheless, the recent price increase in Fantom has opposed the market trend.<\/p>\n\n\n\n

Will FTM rally to $15?<\/strong><\/h3>\n\n\n\n

The future of the FTM token could be substantially impacted by Fantom's forthcoming “Sonic” upgrade. Investors are closely monitoring whether the technological advancements will improve FTM's allure or prevent it from maintaining its recent momentum as 2024 concludes.<\/p>\n\n\n\n

Developers intend to enhance Fantom's standing in the DeFi sector through the enhancement known as “Sonic.” The Fanton DeFi TVL reached a high of $15 during the 2021 bull run. Nevertheless, it has since plummeted to a low of $320 million. The upgrade will revitalize Fantom's market position in the DeFi market<\/a>.<\/p>\n\n\n\n

The anticipated 2025 bull run remains a source of optimism for market analysts regarding the Fantom price. Captain Faibik, a crypto market analyst, stated that FTM has experienced a significant breakout on the multi-year chart and has the potential to increase in value to $15, representing a 15x increase from its current position. At the time of publication, the market capitalization of FTM is shy of $3 billion, with a price of $1.05.<\/p>\n\n\n\n

The subsequent primary resistance for Fantom (FTM) is $1.20 in the short term. If this resistance is breached, the stock may continue to climb to subsequent targets of $1.62, $2.20, and $2.77.<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent increase in Fantom price is accompanied by robust address activity, and analysts anticipate that the stock will reach $15 within the next year. The Fantom price has experienced a 60% increase on the weekly chart, showing a steady upward trend. FTM, the native cryptocurrency of the innovative contract platform Fantom, has experienced an […]<\/p>\n","protected":false},"author":59,"featured_media":96505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[197,20255,17867],"class_list":["post-101634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defi","tag-fantom-ftm-price","tag-ftm-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/fantom-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101634"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96505"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}