The post Analyst Shows Optimism For FTM Price; Can It Surge By 50% Soon? appeared on BitcoinEthereumNews.com.

The Fantom (FTM), based on the DAG consensus system blockchain platform, had been overruling the current bearish sentiment set by market leaders, as it was positive this week by 4.56%.  However, Bitcoin price has been under consistent downward pressure, as most participants seem to be dumping the crypto. The entire crypto realm had been reacting to the market leader, Bitcoin.  Meanwhile, Bitcoin holds 53.3% market dominance at the time of writing. Most other crypto assets are reacting to BTC’s price moves, but FTM is one of the few coins looking to go against the rest of the market. FTM Statistics and Liquidations Data Overview! The entire crypto landscape displays a negative price structure, and in the list of major top 100 cryptocurrencies, FTM has secured a rank of 51st on the CoinMarketCap website in terms of market cap. The volume has surged 4.20%, and the market cap has surged 1.47%. The market cap stands at $1.669 Billion, and the 24-hour volume amounted to $244.943 Million.  Meanwhile, the volume-to-market cap ratio highlights moderate liquidity in the market, and the ratio stands at 14.77%. Thus, it signifies that the investors and traders could square off their holdings at their desired price values. Furthermore, the circulating supply holds 88.4% of the total supply, which is at 2.803 Billion FTM that is out in the market, and the total supply is 3.175 Billion FTM. FTM Total Liquidations Chart | Source: By Coinglass.com Fantom (FTM) open interest is $600.61 Million. As per Coinglass, it rose by 5.09% in the previous session. The long versus short ratio for 24 hours is 1.0379. The short liquidation is $316.26 K versus $327.13 K for the long liquidation. Therefore, it shows the data is mostly linear and depicts uncertainty in future price movements. What Does Price Action Highlight in…

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Filed under: News - @ June 25, 2024 4:12 pm