Saturday, June 3, 2023
HomeEthereumCrypto Analyst Predicts Rally for Ethereum Rival Fantom (FTM) Amid Steady Growth...

Crypto Analyst Predicts Rally for Ethereum Rival Fantom (FTM) Amid Steady Growth in One On-Chain Metric

Cryptographic analysts who are closely followed predict a surge in Ethereum (ETHChallenger as one of the indicators on the chain shows a promising strength.

In a new video update, InvestAnswers’ pseudonym host tells 442,000 subscribers that Ethereum is comparable to Fantom (FTM) And the steady increase in transactions per day could indicate the bullish behavior of FTM in the near future.

“This is a phantom transaction compared to Ethereum. As you know, I like to see transactions. Transaction rate, active users per day, stuff like that … Here are the number of transactions per day. If you look at Ethereum, it’s Fantom 922,000, compared to 1.2 million transactions. Looking at the graph, Fantom… It’s been slowly progressing since May 2021, so it’s slow and stable, which is sometimes very good. That is, I will win the race.

This is bullish for Fantom, as it does not show a significant drop in transactions like other chains. It may be worth seeing again. “

Source: InvestAnswers / YouTube

Looking at FTM technical, analysts say that if Fantom can get rid of immediate resistance, smart contract platforms are aiming for a significant increase from current prices.

“Looking at the phantom, it can be interesting … there’s a bit of resistance around $ 0.34, which could be 12-20% higher in the future, so we know who knows pretty soon or a little more. But you can go back to $ 0.40.

Now there’s a bullish theory about this … Also, looking at Fantom’s volume, we’ve achieved 310 million volumes. This is a big increase from the previous volume. As a result, many activities are back. “

At the time of writing, Fantom (FTM) has changed hands at $ 0.32, down 2.36% in the last 24 hours.


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Featured images: Shutterstock / Natalia Siiatovskaia / Tithi Luadthong

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