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FANTOM- Stable but we want more💎👻 FANTOM has been rising again nicely, despite the turbulence in the markets. In our last post a good entry was given and support worked nicely: A nice article to read: This cryptocurrency is worth $5.1 billion and surpassed Ethereum in transactions — here's why analysts think it's the latest competitor to the blockchain giants The Fantom Innovation The second age of digital currency has arrived, with new money and new networks, including Ethereum, Cardano and Fantom. These and other new systems lend digital currency essential advantages it didn’t have with Bitcoin: speed and scalability. Established in 2018 by Dr. Ahn Byung Ik and colleagues working together in Australia, the Fantom organization has since moved its headquarters to South Korea. The system runs on an extensive matrix of blockchain-powered networks. Each network operates independently, allowing the entire system greater speed and scalability as new users join. One Love, the FXPROFESSOR
Long
by FX_Professor
3
FTM/USDT - Potential 76% SetupHello Traders! This week the market put geopolitical risks in the price. Many assets are corrected locally with a renewal of minimums. It is possible to look for purchases of FTM in the range of $1.48 - $1.68. It will be necessary to close the deal by a stop-loss only in case of renewal of the minimum at $1.25 Targets of short-term purchases will be price levels of $2.43 and $2.96 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:FTMUSDLong
by UnknownUnicorn10064030
FTM Fantom: In depth 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSDT). The chart is self-explanatory. The price is currently inside a and meeting the local support line. The price is also in the red Ichimoku Cloud. Volume is declining and price is still below the EMA ribbons. If price moves lower, keep an eye on the 200 SMA and the Danger Zone Support Line. If price moves up, the price could go up to the Local Resistance Line with the RSI, and Stoch RSI moving up. MFI is almost at resistance. If RSI and MFI fall, keep a close eye on the Important S/R Lines. Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI (Money Flow Index), Descending Channel, Double Top Formation, Stochastic RSI, and EMA Ribbons, and 50 and 200 Simple Moving Average. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
by MillionaireEconomics
1
FTM Fantom we MUST pay attention to price here We are currently at the mid-range after spiking up and rejecting back into range. We are likely to see a bounce at the mid-range but if we are to lose this level there is a demand zone that coincides with the 50 day MA that will almost certainly get tapped. The RSI is giving mixed signals here as there is a strong bearish divergence based on the highs but a weaker hidden bullish divergence based on the lows. If we lose the mid-level I will look to sell and buy back if the range lows hold. With stocks overextended and interest rates bound to go up, we are in an uncertain place where it's better to be safe and pay attention. It's better to sell if things look bad and miss a few percent on the way up vs losing 90% of one's portfolio on the roller coaster down
BINANCE:FTMUSDLong
by sachu_blessyou
FANTOM - At the SAME Level againFANTOM chart is a rather straight forward again. We are now at the same support as previously. Good news considering the situation, to at least find support. Looking forward to a new potential rise, so here is our updated chart and levels. One Love, the FXPROFESSOR Related article: Could Fantom Be a Multibagger? Fantom's compatibility with Ethereum and its speed have attracted developers and investors. Today, Fantom is the world's 29th biggest cryptocurrency by market value. And it's climbed more than 19,500% since its launch in December of 2019. This crypto player has slipped in recent weeks, however, with the rest of the crypto market. But can Fantom gain ground and even become a multibagger? Not just a single blockchain First of all, a little background. Fantom is more of a blockchain network than just a single blockchain. Each new project results in a new blockchain, and it connects to Fantom's mainnet. Fantom stands out from rivals because of its compatibility with Ethereum. For instance, developers can write and deploy smart contracts written in Solidity (the language of Ethereum) on Fantom. This makes Fantom an easy and practical choice for developers. What also sets it apart is Lachesis, its consensus mechanism. This is the key to Fantom's speed, low cost, and security. Like many other players, Fantom uses proof-of-stake to validate transactions. But Lachesis' process cuts down on the number of consensus messages. And that results in higher speed. While most blockchains emphasize their transactions per second, Fantom prefers the measure of time to finality: the time it takes to complete a transaction. And here, Fantom is a clear winner with transactions complete in just one second. In recent times, users and developers have taken notice of Fantom's advantages. It is processing close to the same number of transactions per day as bigger rival Ethereum. And the blockchain even processed more on at least one recent occasion, according to data from Fantomscan and Etherscan. Fantom recently became the world's third-biggest blockchain by total value locked. This refers to the assets held in a particular protocol. That figure totaled more than $12 billion as of late January. And last year, developers on Fantom increased fourfold to about 90, according to a developers report by Electric Capital, an early-stage venture capital firm focused on cryptocurrencies and fintech.. The coin supply So, can all of this translate into a multibagger for investors? Let's look at it from a coin-supply perspective first. The circulating supply right now is 2.5 billion. If, for example, Fantom quadrupled from today's price, the result would be a market value of $21 billion. That would make Fantom the ninth-biggest cryptocurrency by market cap. That's entirely possible. Now, let's look at the question from a use and investment standpoint. Here, too, Fantom has what it takes to multiply in value. As I talked about above, the network stands out from rivals and has made progress in attracting users and investors. Of course, there are no guarantees in the cryptocurrency world. Competition is high. The industry is new. And as a result, risk is high. So never invest more than what you can afford to lose. But if you are looking for potential multibaggers, Fantom is one to add to your watch list.
Long
by FX_Professor
6
FTM's Expected Movement For Near Future.Hello every one FANTOM / TETHERUS 🟡Chart is speaking it self! 🌳What Is Fantom (FTM)? Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments. Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.” One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost. The ecosystem is based on two main technologies: Lachesis protocol and Opera. The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security. Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes. Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment. The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality. As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency. The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid). In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4. FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Long
by CobraVanguard
13