Dollars

Strong

Million

Fantom

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fantoms-native-asset-ftm-starts-the-day-with-a-strong-surge/" data-wpel-link="internal">Fantom’s Native Asset FTM Starts the Day with a Strong Surge</a> 
Launched in 2018, the <a href="https://coin-turk.com/ingiltere-prensesinden-blockchain-yorumu" data-wpel-link="internal">Blockchain</a> network Fantom, which supports smart contracts and focuses on high transaction speeds, saw its native asset FTM start the day with a strong rise. The price of the <a href="https://coin-turk.com/ethereum-eth-yeniden-harekete-gecti-5-000-dolar-kapida-mi" data-wpel-link="internal">Altcoin</a> surged over 30%, earning a cryptocurrency whale more than half a million dollars. 
<h2 style="text-align: justify" id="strong-a-whale-earns-half-a-million-dollars-from-recent-investments-strong">A Whale Earns Half a Million Dollars from Recent Investments</h2> 
With FTM’s price surging over 30% in the last 24 hours, surpassing the $0.74 threshold, investors’ focus shifted to the altcoin. This significant price movement caught the attention of both investors and analysts, signaling a renewed increase in interest and potential upward momentum for Fantom in the crypto market. 
On-chain data provider Spot On Chain reported that the recent surge in FTM earned a cryptocurrency whale who had recently invested in the altcoin hundreds of thousands of dollars. According to the data, a whale-level cryptocurrency investor, starting with 0xdf8…, purchased a total of 4.71 million FTM worth approximately $2.69 million through Gemini and Airswap exchanges at an average price of about $0.57 over the past two days. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-322496" src="https://coin-turk.com/wp-content/uploads/2024/03/Altcoin-Fantom-FTM-Yatirim.jpeg" alt="" width="1904" height="1164"> 
With the recent rise in FTM’s price, the unrealized gains of the cryptocurrency whale exceeded 22%, climbing to over $600,000. If the price continues to rise, the whale’s earnings could surpass $1 million in a very short time. 
<h2 style="text-align: justify" id="strong-what-s-next-for-ftm-strong">What’s Next for FTM?</h2> 
As Fantom continues to gain momentum and attract investor interest, analysts are closely monitoring fundamental indicators and market trends to assess the potential trajectory of the altcoin. 
From a technical standpoint, the altcoin appears to be facing resistance at the $0.6904 level. If this resistance is breached, FTM will unlock the $0.8609 level, and surpassing this could set the ultimate target at $1.628. 
On the other hand, in a bearish scenario, the nearest strong support level for FTM is around $0.5565. If the price fails to hold above this support, it could retract to as low as $0.5044. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fantoms-native-asset-ftm-starts-the-day-with-a-strong-surge/" data-wpel-link="internal">Fantom’s Native Asset FTM Starts the Day with a Strong Surge</a></h5>

Fantom’s Native Asset FTM Starts the Day with a Strong Surge

Table of Contents

COINTURK NEWS

Other articles published on Mar 4, 2024

Cryptocurrency Lido DAO Decreases More Than 5% Within 24 hours

SEC Seeks Public Opinion on BlackRock’s Proposed Ethereum ETF, Postpones Decision

Bitcoin’s Open Interest hikes: Will BTC hike higher this week?

Alibaba’s Price Cuts Ignite Battle Among Chinese Cloud Companies

China issues warning on crypto investments as Bitcoin peaks

BREAKING: SEC Decides to Delay BlackRock’s Spot Ethereum ETF Application

Join our free newsletter for daily crypto updates!