Fantom

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Fantom (FTM) has been one of the best-performing tokens of 2023, pulling off a series of impressive gains in the last few weeks. Following the market crash in late 2022, FTM began the new year trading as low as $0.2007, representing a 94.19% decline from its all-time high value of $3.46.
However, with the entire crypto market attempting to pull off a recovery, FTM has been one particular token with lots of investor attention, as its price has surged by over 136% since the start of 2023. 

Fantom Records 39% Profit In Seven Days
According to data from CoinMarketCap, Fantom (FTM) gained by 38.77% in the last seven days alone, outperforming major cryptocurrencies such as Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Bitcoin (BTC) itself.
While FTM has been on an upward trend since the first week of the year, its price rally in the last week can be attributed to Fantom’s recent integration with the Axelar Network. On Jan. 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network.
As of the time of writing, FTM is trading at $0.4724, having gone up by 1.98% in the last 24 hours. Based on more data from CoinMarketCap, the daily trading volume of FTM is currently $240.7 million, while its total market cap is $1.312 billion.
FTM trading at $0.4790 | Source: FTMUSD chart of Tradingview.com

What Does Axelar’s Integration Mean For Fantom Users?
According to a blog post by Fantom, “Axelar network is a blockchain that connects blockchains, enabling universal Web 3 interoperability.” Basically, Axelar functions as a medium for communication and transfer of value between several blockchains.
Following the integration with the Axelar network, Fantom automatically becomes part of an ecosystem that consists of over 30 different blockchains capable of seamlessly interacting with one another. 
Using the General Message Passing (GMP) protocol, developers on the Fantom network will be able to easily access smart-contact codes on any chain connected to Axelar. The GMP protocol will also allow dApps and users to send and receive data and function calls across the multiple chains in Axelar’s ecosystem.
Another benefit of Axelar’s integration with Fantom is the introduction of one-click cross-chain swaps on the platform’s biggest decentralized exchange, SpookySwap. Using Squid, an Axelar-based protocol that reroutes liquidity between chains, SpookySwap users will seamlessly swap native tokens of different chains in one click.
In every transaction, the Axelar network will process the cross-chain gas conversions from the source-chain token to the destination-chain token, ensuring that users need not own crypto wallets on multiple chains or hold native tokens of other chains for gas fees,
That said, other chains on the Axelar Network aside from Fantom include Arbitrum, Moonbeam, Polygon, Osmosis, etc.



Fantom (FTM) has been one of the best-performing tokens of 2023, pulling off a series of impressive gains in the last few weeks. Following the market crash in late 2022, FTM began the new year trading as low as $0.2007, representing a 94.19% decline from its all-time high value of $3.46. However,...

newsbtc.com

Fantom (FTM) Gains 39% In 7 Days Following Its Integration With Axelar Network

A popular crypto trader says Ethereum (ETH) rival Fantom (FTM) could double in price while updating his outlooks on Bitcoin (BTC) and two altcoins.
Pseudonymous trader Altcoin Sherpa tells his 189,900 Twitter followers that Fantom is finding bullish support at a key price level of around $0.44 and could soon shoot up by 100%.

“FTM: This chart looks great to be honest; if we see a one-week close above this level, it has a chance of doubling. Still to be determined if that is going to happen but the one-day is already looking strong.”
Source: Altcoin Sherpa/Twitter
At time of writing, FTM is changing hands at $0.49.
Next, the trader says Bitcoin is likely to hit $25,000 in February when it could either slightly retrace before testing $30,000 in March or collapse further toward $21,000.
“BTC: I think this goes one of two ways; we either hit $25,000 and start dumping or we go to $25,000, pull back and then go up to test $30,000. Regardless, I am looking for $25,000 as an ultimate target for this current run; alts should be fine until then.”
Source: Altcoin Sherpa/Twitter
At time of writing, Bitcoin is valued at $22,996.
Sherpa also looks at two altcoins that have skyrocketed in price, Optimism (OPT) and Aptos (APT).
He says Ethereum scaling solution Optimism has likely reached the top of its rally and will soon start to decline.
He sets a resistance level at $2.19 and a support level at $1.876. OPT hit an all-time high of $2.57 on Saturday, which is a gain of more than 179% since the opening of 2023.
Source: Altcoin Sherpa/Twitter
At time of writing, Optimism is changing hands at $2.17.
Sherpa says smart contract protocol Aptos is heading lower after a massive rally but may climb a bit more before doing so.
“Guys, APT is going to be a great short eventually but don’t be so quick to do it. Trying to short something like this on the first go is like jumping in front of a speeding train. I think waiting for the lower high is a much better play (and safer).” 
After opening the year at $3.45, Aptos soared to $20.27 Wednesday, a more than 487% increase.
At time of writing, Aptos is changing hands at $18.31.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Alberto Andrei Rosu/Plasteed
The post Top Crypto Trader Says One Ethereum Rival Could Erupt by 100%, Updates Outlook on Bitcoin and Altcoins appeared first on The Daily Hodl.


A popular crypto trader says Ethereum (ETH) rival Fantom (FTM) could double in price while updating his outlooks on Bitcoin (BTC) and two altcoins. Pseudonymous trader Altcoin Sherpa tells his 189,900 Twitter followers that Fantom is finding bullish support at a key price level of around $0.44 an...

dailyhodl.com

Top Crypto Trader Says One Ethereum Rival Could Erupt by 100%, Updates Outlook on Bitcoin and Altcoins

Popular crypto analyst Michaël van de Poppe is updating his outlook on XRP, Fantom (FTM), Aptos (APT) and two other altcoins.
Van de Poppe tells his 646,200 Twitter followers that XRP must hold a key support level or it may see significant downside potential.

“Now, I’d like to see $0.395 hold as support. If not, then I’d be looking at $0.350 next.”
Source: Michaël van de Poppe/Twitter
At time of writing, XRP is changing hands at $0.424, still above Van de Poppe’s support level.
Next, Van de Poppe says that he’s bullish on smart contract platform Fantom but notes that traders should not expect FTM to go up in a straight line.
“This one should provide continuation in the coming week, but preferably I’d be cautious here too. 
Aggro entry zone is around $0.340, which is a must-hold [level]. 
Did give a bounce already. Conservative long approach around $0.305.”
Source: Michaël van de Poppe/Twitter
At time of writing, Fantom is valued at $0.408.
Another altcoin on the trader’s list is smart contract protocol Aptos.
Van de Poppe says APT is likely to cool down after its rapid price surge, shooting up more than 275% from its low of $3.44 at the start of the month.
“This one has been accelerating quite fast, and I’m getting comments whether it can reach $360 this year. Time to be conservative on this asset. 
Aggro entry approach – $11.25. 
Defensive entry approach – $8.25-$9.00.
 Going to be an incredibly interesting market.”
Source: Michaël van de Poppe/Twitter
Aptos is switching hands for $12.94 at time of writing.
Lastly, Van de Poppe looks at two other altcoins: next-generation video-sharing protocol Verasity (VRA) and move-to-earn token STEPN (GMT).
He says VRA is likely to correct after its immense rally.
“Massive run of almost 300% since the low. Mentioned this one earlier on socials, if you wanted to get in, the area around $0.0025 was the one. Now, it’s time to become cautious. DCA (dollar-cost averaging) around $0.004 makes sense if it gives.”
Source: Michaël van de Poppe/Twitter
At time of writing, Verasity is trading for $0.006.
Looking at  GMT, Van de Poppe says he’s waiting for the altcoin to hit his levels of interest.
“Two points of interest on this one. The area at $0.35 and the area at $0.45. Let’s see which one hits.”
Source: Michaël van de Poppe/Twitter
GMT is trading for $0.588 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Here’s What’s Next for XRP, Fantom, Aptos and Two Additional Altcoins, According to Popular Crypto Analyst appeared first on The Daily Hodl.


Popular crypto analyst Michaël van de Poppe is updating his outlook on XRP, Fantom (FTM), Aptos (APT) and two other altcoins. Van de Poppe tells his 646,200 Twitter followers that XRP must hold a key support level or it may see significant downside potential. “Now, I&#8217;d like to see $0.395 ho...

Here’s What’s Next for XRP, Fantom, Aptos and Two Additional Altcoins, According to Popular Crypto Analyst

Fantom (FTM) co-founder Andre Cronje is updating the smart contract platform’s community as FTM continues to fly high since the new year.
Cronje tells his 378,300 Twitter followers that no one should expect any announcements or reveals as they advance the Ethereum (ETH)-rival’s ecosystem.

“Expectation management is important, I want to stress 
THERE WILL BE NO ANNOUNCEMENTS OR REVEALS. 
No, this isn’t reverse psychology, I’m serious, we aren’t focused on announcements anymore, we simply discuss progress.” 
At time of writing, Fantom is changing hands at $0.403, a more than 103% increase from its $0.198 low at the start of the year.
The Fantom Foundation, the development organization behind the project, recently discussed its major achievements in 2022, including massive transaction growth.
“Throughout 2022, the Fantom network averaged around 500k – 1 million daily transactions, which is a massive and consistent difference compared to 2021.” 
The foundation also said there was an increase in the number of decentralized applications (DApps) operating on the Fantom network.
“In 2022, we saw many exciting DApps and projects launch on Fantom. Apps like, 1inch, Premia, and UniDex empowered users to take control of their finances in a self-custodial manner, whether that be performing simple swaps or leveraging derivatives.” 
To attract more DApps to the network, the foundation said it plans to offer gas subsidies and other incentives.
“One of our key priorities is gas monetization, which will provide strong DApp teams with a sustainable income through revenue sharing based on the gas used by their DApps.”
Last month, Cronje posted an internal letter that he sent to the Fantom team highlighting that the primary focus for the project in 2023 is to make it easier for developers to create DApps and build out the ecosystem.
“Our overarching objective over the next 12 months will be towards creating an environment for DApp developers to build out sustainable businesses, while differentiating ourselves from other layer 1 solutions.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Fantom Founder Andre Cronje Makes ‘Announcement’ As FTM Completes 103% Rally Since New Year appeared first on The Daily Hodl.


Fantom (FTM) co-founder Andre Cronje is updating the smart contract platform&#8217;s community as FTM continues to fly high since the new year. Cronje tells his 378,300 Twitter followers that no one should expect any announcements or reveals as they advance the Ethereum (ETH)-rival’s ecosystem. “...

Fantom Founder Andre Cronje Makes ‘Announcement’ As FTM Completes 103% Rally Since New Year

Fantom (FTM) has just launched a new on-chain ecosystem fund designed to provide capital for supporters looking to build on the Ethereum (ETH) rival’s blockchain.
The layer-1 blockchain project is now operating the “Ecosystem Vault,” a new fund “aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.”

FTM is trading for $0.352 at time of writing. The 54th-ranked crypto asset by market cap is up more than 15% in the past 24 hours and around 54% in the past seven days. The token is also up more than 80% since the beginning of 2023.
The Fantom Foundation notes in a new announcement that the Vault is an on-chain fund controlled by the Fantom community and paid for by 10% of the blockchain’s transaction fees.
“The initiative was made possible by decreasing the burn rate of FTM and redirecting the resulting 10% to the Vault.
The Vault represents a valuable opportunity for projects to secure funding in their efforts to build innovative DApps on Fantom. It’s also a chance for the Fantom community to come together and shape the future of the platform through their funding decisions.”
Despite FTM’s recent price gains, the asset still remains more than 89% down from its all-time high of $3.46, which it hit in October 2021.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Featured Image: Shutterstock/pikepicture
The post Ethereum (ETH) Rival Launches New Ecosystem Fund Amid Bullish Price Action in Crypto Markets appeared first on The Daily Hodl.


Fantom (FTM) has just launched a new on-chain ecosystem fund designed to provide capital for supporters looking to build on the Ethereum (ETH) rival&#8217;s blockchain. The layer-1 blockchain project is now operating the &#8220;Ecosystem Vault,&#8221; a new fund &#8220;aimed at empowering builder...

Fantom price	$0.480988
Low - High 24H	$0.449779 - $0.493996
Market cap	$1.22B
Volume 24H	$380.95M
All time high	$3.46 -86.06% October 28th 2021
All time low	$0.001902 25248.89% March 13th 2020
Genesis date	N/A

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