According to coinmarketcap, the maximum supply of FTM is around 3.175B FTM and the circulating supply is around 2.55B FTM. FTM holds the 39th rank according to market cap and has a market dominance of 0.22%.
At the time of writing, FTM is being traded at the price of $2.17 with an increase of almost 12.94% in the last 24 hours. FTM is a really strong token fundamentally. The maximum and minimum today are $2.21 and $1.77 respectively. The daily trading volume has also increased by almost 71.75%. FTM had created its ATH in October 2021 and reached a price of almost $3.4842. During the crash, the price of FTM dropped down to a level of $0.1530. The price has almost done 15 times since the creation of the bottom.
Technical Analysis – Fantom (FTM)
Fantom (FTM) has been a highly bullish coin but recently as it can be seen that the coin has shifted the market structure as shown in the chart. The chart shows that it had broken many structures and kept the uptrend till it reached the point of its recent high where it faced severe rejection. The price did try to attack the level again but it couldn’t hold it and it fell down leaving tons of liquidity above the line.
Now one thing to notice is the creation of two order blocks, one above the current price and one below the price. The market can move in such a way that it will tackle the order block above and then move on to the lower time frames. From where a possible long can be taken upon a retest of the zone.
It is to remember that overall the price is highly bullish and we can expect the price to move upwards soon. Only on the lower time frames, noise is visible but zooming out gives quite a clear view about the price movement.
Long Term Price Prediction – Fantom (FTM)
FTM is a really strong token. It provides decentralized finance solutions to developers. As a result, we can expect growth in the price in the future. According to wallet investor, it is expected to reach a value of around $4.518 in a year and is expected to reach a value of $12.324 in five years.
