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FLOKI

Fantom (Migrated to Sonic)

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fantom-ftm-coin-supply-tightens-as-prices-climb/" rel="noopener noreferrer nofollow">Fantom (FTM) Coin Supply Tightens as Prices Climb</a> <a href="https://coin-turk.com/bitcoin-btc-12-yilini-34-000-dolarlik-fiyat-rekoru-ile-kutladi" rel="noopener noreferrer nofollow">Bitcoin</a> continues to hold at $73,000, while double-digit increases in altcoins are becoming more common. The altcoin we are discussing now is experiencing a shrinking supply on exchanges, which is bolstering investor optimism. The scarcity of supply in cryptocurrencies is the opposite of high inflation and triggers price increases.<h2 id="fantom-ftm">Fantom (FTM)</h2>Since the beginning of March, the supply of FTM Coin on exchanges has been contracting. The exchange supply, which was 655 million on March 1, has fallen to 643 million. The price increase from roughly $0.50 to $0.82 also coincided with the supply contraction.A decrease in the supply of any altcoin on exchanges means that more assets are being moved to cold wallets. This reflects the tendency of long-term investors to store their assets themselves rather than keeping them ready for sale, which increases the price. At the same time, a reduction in the supply ready for sale helps raise the spot price on the exchange.<img class="size-full wp-image-327201 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/FTM-Borsa-Arzi.webp" alt="" width="1536" height="520">Nevertheless, about 43% of FTM Coin investors are in profit. This percentage is much higher for cryptocurrencies like <a href="https://en.coin-turk.com/binance-coin-price-dynamics-and-liquidation-risks/" rel="noopener noreferrer nofollow">BNB</a>, SOL, <a href="https://coin-turk.com/max-keiser-gunluk-1-dolar-degerinde-bitcoin-alin" rel="noopener noreferrer nofollow">BTC</a>, FLOKI, and many others. Especially for assets like FLOKI and <a href="https://en.coin-turk.com/peter-schiff-warns-of-a-potential-price-drop-for-bitcoin/" rel="noopener noreferrer nofollow">BTC</a>, 95-99% of investors are profitable. As this trend spreads among altcoins, we can better understand how far behind FTM Coin is in terms of price performance.<h2 id="ftm-coin-price-prediction">FTM Coin Price Prediction</h2>The IOMAP chart shows us the cost concentration of investors in the relevant cryptocurrency. Accordingly, the $0.80 support is strong, and there is a $0.77 region below it. On the other hand, there is a concentration of investors who have bought between $0.85 and $0.95, suggesting there could be sales in this area before reaching the $1 target.<img class="size-full wp-image-327202 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/FTM-IOMAP.webp" alt="" width="1536" height="505">On the weekly chart, closures above $0.88 could hint at peaks of $1.06 and $1.25. Especially as <a href="https://en.coin-turk.com/sleeping-bitcoin-whale-stirs-after-a-decade-implications-for-the-crypto-market/" rel="noopener noreferrer nofollow">Bitcoin</a> remains strong and altcoins with massive market values like BNB Coin target the ATH region, FTM Coin should at least be able to achieve this.<img class="size-full wp-image-327204 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/FTMUSDT_2024-03-14_03-59-40.png" alt="" width="1815" height="836">With an ATH region at $3.5, FTM Coin has not yet surpassed its early 2022 peak. Its journey to ATH could be possible with closures above the $1.67 peak.<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fantom-ftm-coin-supply-tightens-as-prices-climb/" rel="noopener noreferrer nofollow">Fantom (FTM) Coin Supply Tightens as Prices Climb</a></h5>

Fantom (FTM) Coin Supply Tightens as Prices Climb

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