Fantom (FTM) experienced significant gains in the past 24 hours, with the token trading at $0.6045. The network activity of Fantom has increased, with new wallets surging by 35% and active addresses up 10% in the past week. This indicates growing user engagement and adoption, which are positive catalysts for price growth. The "in the money" metric also saw a significant increase, suggesting that more holders are in profit at current prices. However, there has been a decline in large transactions, indicating reduced whale activity in the Fantom ecosystem. The altcoin is currently hovering above the $0.56 level, and if it can maintain stability above this level, it could see a 40% uptick towards $0.85. A further surge could push prices beyond $1 and potentially even to $1.43, an increase of 136% from the current price. It is important for Fantom to hold above the $0.56 mark and for positive developments in the broader crypto market for the altcoin's trajectory. The recent decline in BTC spot exchange reserves indicates a potential supply shock that could support Bitcoin's price and have a positive impact on altcoins like Fantom.



Other News from Today