Fantom (FTM) has seen a significant increase in value (63%) in just six days, reaching a level not seen in recent months. This rise is due to an increase in network activity, with daily active addresses hitting an 18-month high. Santiment data shows that the Fantom blockchain saw 2,132 unique addresses making transfers on November 24-25, surpassing previous peaks from March and December 2022.
However, historical data indicates that such surges in network activity are often followed by a decline, marking the end of rallies. Analysts warn that if network activity declines, it could create favorable entry points for traders during subsequent dips. Although FTM’s momentum remains uncertain, it is currently approaching a crucial resistance zone that was last tested in April 2022.
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<p>The post Fantom (FTM) Skyrockets by 63%: A Look at the Network’s Activity and Price Prediction first appeared on CoinBuzzFeed.</p>
