- FTM’s energetic customers elevated over the previous few months, and its worth registered huge positive aspects.
- A couple of of the metrics have been bearish, however the market indicators supported the bulls.
Fantom Insider, a Twitter account that posts updates associated to the Fantom [FTM] ecosystem, lately identified the networks’ achievements.
As per the tweet, Fantom had the bottom transaction charge of $0.0003 whereas having the capability to course of transactions quicker.
Beneath are comparability charges transaction of standard blockchains.
🔥It may be seen that @FantomFDN is the blockchain with the most affordable transaction charges and the quickest transaction completion pace with solely 3s.
Element👇#FTM $FTM pic.twitter.com/vQUheS56AA
— Fantom Insider (@fantom_insider) March 16, 2023
Real looking or not, right here’s FTM market cap in BTC’s phrases
These developments may need performed a big position in growing the community’s income. Token Terminal’s information revealed that Fantom’s income elevated significantly over the previous few days, which seemed fairly promising.
Supply: Token Terminal
FTM continues to WOW traders
Furthermore, Fantom’s development was not restricted to community stats. Its token’s efficiency was additionally one thing to think about. As per CoinMarketCap, FTM’s worth elevated by greater than 14% within the final 24 hours and almost 50% during the last week, which was laudable.
At press time, it was buying and selling at $0.4698 with a market capitalization of greater than $1.3 billion. It was additionally attention-grabbing to notice that FTM’s month-to-month customers registered a spike currently, suggesting elevated adoption and utilization of the blockchain.
Supply: Dune
Is the hike sustainable?
Whereas every part seemed good, Dune’s data revealed that regardless of a rise within the depend of customers, FTM’s variety of transactions gained downward momentum over the previous few months.
FTM’s worth hike additionally remained a topic for questioning as its newest pump was adopted by a decline in quantity. Surprisingly, whereas FTM’s worth went up, its weighted sentiment registered a decline.
Thus, reflecting decreased traders’ confidence within the token. Nonetheless, each FTM’s velocity and community development have been up final week, which is a constructive sign.
Supply: Santiment
Learn Fantom’s [FTM] Value Prediction 2023-24
FTM can pump additional due to these components
Although a couple of of the on-chain metrics have been bearish, FTM’s day by day chart steered an extra worth uptick within the days to observe.
For example, the Relative Energy Index (RSI) went up and headed additional above the impartial zone. FTM’s Chaikin Cash Circulation additionally displayed an uptick, which seemed bullish.
The MACD confirmed a bullish benefit available in the market. Contemplating the market indicators, FTM would possibly proceed to witness worth pumps within the days to come back, effectively provided that the on-chain efficiency doesn’t hang-out the token.
Supply: TradingView
