Renowned cryptocurrency trader known as “Bluntz” took to Twitter this morning to share his astute observation on the recent price movement of Fantom (FTM) over the last 24 hours. Per his post, FTM has made a commendable upward surge overnight, indicating a solid performance.
The astute trader appended to his commentary that the current outlook for the altcoin remains highly favorable, with promising prospects shortly. As of yet, the crypto community has yet to weigh in on the veracity of this forecast.
According to CoinMarketCap, FTM is presently valued at approximately $0.4757, following a 5.82% surge in price within the last 24 hours. During this time, the cryptocurrency peaked at $0.5015 and a trough of $0.4446.
Furthermore, FTM has demonstrated its resilience by outperforming the two dominant cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), with a remarkable increase of 3.49% and 2.47%, respectively. FTM has maintained its positive momentum, with a weekly gain of over 4%, indicating a promising outlook for this altcoin.
FTM has recorded a 24-hour trading volume of $343,169,386, marking a commendable 6% surge from the previous day. Its market capitalization is $1,322,639,048, placing FTM at 43rd among the largest cryptocurrencies.
With a current ranking of 43rd on the list of top cryptocurrencies, it’s worth noting that this digital asset sits just behind The Graph (GRT) and ahead of EOS (EOS) in the 44th spot.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
