Fantom (FTM) has just surpassed $1, and everyone is wondering what will happen next! ๐ The rally is driven by increasing utility and a positive shift in market sentiment. Unlike the price surge in 2021 which was dominated by speculation, investors are now more focused on blockchain usage. ๐ก
Although Fantom is still below its historical peak, the Total Value Locked (TVL) has reached $131.01 million with many active users. ๐ฐ Stablecoins also play a major role in the activity of this ecosystem, with a market capitalization of $320.62 million. In the last 24 hours, the trading volume was recorded at $72.46 million, indicating that investors are starting to be optimistic. ๐ Currently, the price of FTM is at $1.07 with a market capitalization of $2.99 โโbillion.
Technically, Fantom shows strong momentum with a golden cross between the 13-day and 49-day moving averages. ๐ This indicates a bullish signal that could continue. However, current support is at $0.87 and $0.74, while resistance is at $1.1364.
If FTM can continue to rise above $1.14, we may see a new psychological level around $1.20. ๐ฏ It all depends on the bullish sentiment in the market. Fantom is also migrating to Sonic, which will improve scalability and user experience. ๐ Sonic targets more than 10,000 transactions per second, which will definitely attract more developers and investors.
Analysis shows that for FTM to continue to rise, ecosystem updates and market conditions are essential. ๐ It is estimated that the price of FTM could range between $0.8622 and $3.69 in 2025, with a possible increase of 247% compared to current levels.
So, all eyes are on Fantom's development and future opportunities! ๐โจ$FTM