Posts

Showing posts with the label fantom

Will Fantom Replicate Its Massive Rally of 750%?

Image
Fantom has started making noise yet again. At press time on Tuesday, it was the seventh-highest weekly gainer. Retrospectively, investors ended up fetching 24.55% in the same timeframe. On social platforms like Twitter, “$ FTM ” was trending, indicating that people from the space were keenly keeping an eye on the Altcoin and discussing it. In fact, data from LunarCrush confirmed, as Fantom -related social engagements have risen by ~8%. The current price at which Fantom is trading has historical significance. When FTM was priced around $0.4 last time, it ended up surging by a whopping 755%. At the moment, a similar theory has been floating around on social media. If not replicated, history usually rhymes at least. So, should investors prepare for another astronomical Fantom pump? To answer that, let us deep dive into the market conditions. Is this the time to rejoice for Fantom investors? The last time FTM’s pump materialized, the macro cryptocurrency m...

FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

Image
The Fantom Foundation's attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price. Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.  Fantom's FTM holdings up from 3% to 14% FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of a broader rebound trend that started when it bottomed out at around $0.17 on Nov. 22. This amounts to a 50% price rebound in the last eight days. Interestingly, the rally picked up momentum after the Fantom Foundation's "Architect," Andre Cronje, released the firm's financial records on Nov. 28, revealing that it had $340 million worth of digital assets and had been earning over $10 million annually. Notably:  Nov 2022 — Over 450,000,000 FTM, > $100,000,000 in stables, > $100,000,000 in crypto assets,...