- Fantom price printed a tremendous jump.
- $2 represents FTM’s massive support floor.
- Movr Network integrates Fantom.
Fantom (FTM) was among the altcoins with lucrative performance in the cryptocurrency market within the past few weeks. The bullish wave saw the alt’s price climbing to a level past $3 from $1.16 lows since 4 December 2021.
For now, FTM’s price exchanges hands at $2.63. Are you planning to trade this alt in the up-and-coming days? You may need to utilize the ‘stop-loss’ strategy. That is because the risks of Fantom’s trend reversal are high.
A Platform for Dapps and Digital Assets
Fantom is a ‘smart’ contract network for Dapps and digital assets. The best thing about the platform is that it guarantees scalability, security, and speed. Fantom resolves limitation issues of the past generation blockchain, ensuring almost instant transactions and low fees.
Fantom’s modular architecture accepts blockchains customization for digital assets. Moreover, the platform does not have compatibility issues with Ethereum. That means you can operate your ETH Daaps on Fantom.
Fantom network has seen collaboration from various projects. Recently, Movr Network integrated Fantom, forming a metabridge, FundMovr, to complete the cross-chain token transfer without hurdles. Fantom CEO Michael Kong commented on the move, revealing his excitement. He also stated that the FundMovr would be vital in boosting interoperability.
Users utilize the network’s governance token FTM to interact with Fantom services. The tokens remain vital for Fantom blockchains. Moreover, users can stake FTM tokens to boost the platform’s security, earning rewards in return.
FTM recorded explosive move since 4 December 2021, and the alt appears to extend its bullish outlook. The asset’s daily volume remains highs. Nevertheless, FTM fans should beware that the alt can weaken at its current price levels.
Bulls Control Fantom (FTM)
FTM recorded massive increases within a short time. Anyone interested in buying the alt should utilize the ‘stop-loss’ order as the coin has a higher probability of trend reversals. Moreover, the crypto market has been under pressure within the week, BTC trading to the lows of $43K, and risks of further drops are not over. Substantial sell from large investors might mean extreme retracement from FTM.
Where to Buy FTM
You probably need a reliable broker with favorable trading fees to invest in Fantom. The best thing is selecting a trading platform with global recognition. Some of the safe options include:
Good luck!!!
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