Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
• I do hold a long position in FTM as a token holder.

1A. Project Updates

1. Fantom General Update (14 Feb 2022)

Updates extracted from this article:

a. Solidly, the new AMM with the innovative ve(3,3) token model created by Andre, launched on Fantom on February 10.
b. NFT marketplace Artion received a big update.
c. Stader Labs brings liquid staking to Fantom.
d. Fantom's new governance proposal: Reducing the minimum validator stake.
e. Request Finance now supports payments for 15+ cryptocurrencies on the Fantom network
f. Dappradar now tracks Fantom dApps
g. ZenLedger integrates Fantom for easier tax reporting
h. FTM listed on Poloniex

2. Blocknative brings transaction transparency to Fantom (14 Feb 2022)

Web3 infrastructure company Blocknative has launched beta support for the Fantom Network. Blocknative tools offer unprecedented granular-level visibility into mempools. Mempools are where transactions are organized, gas fees are prioritized, and general block construction begins. For all users, Blocknative can signal when a wallet is stuck, when transactions fail, or when a node rejects transactions.

3. Stader Labs Brings Liquid Staking to Fantom (10 Feb 2022)

Stader Labs will support Fantom. Fantom users will be able to unlock the value of their staked FTM through liquid staking and delegate to multiple validators with a single click. Staking provides steady passive income while securing the network and allowing users to participate in on-chain governance.

4. Managing payments and invoices with Request on Fantom (03 Feb 2022)

Request Finance is a fast and simple app to generate, track, and pay invoices on the Fantom network. Since Request’s launch on Fantom at the end of August last year, the number of unique Fantom wallet addresses has grown 440% to reach 1.9 million. Total value locked (TVL) on the network has grown by an astonishing 1,248% to reached $9.2 Billion.

1B. Top 3 Good News for FTM HODLERS !!!

• Fantom overtakes Binance Smart Chain in DeFi TVL
  Statistic as of 2022-02-16 08:39 AM EDT: 32 positive votes, 2 negative votes
  
  Fantom has overtaken Binance Smart Chain (BSC) to become the third-largest blockchain in decentralized finance (DeFi) as measured by total value locked (TVL), according to DeFiLlama. 
  
  (Extracted from Crypto Panic)
  
  
• Fantom Network's DeFi Ecosystem Is Now Crypto's Third-Largest
  Statistic as of 2022-02-16 08:39 AM EDT: 27 positive votes, 5 negative votes
  
  Fantom has flipped the Binance Smart Chain to become the third-largest DeFi protocol in terms of total value locked.
  
  (Extracted from Crypto Panic)
  
  
• Ethereum Rival Fantom (FTM) Overtakes Solana (SOL) and Avalanche (AVAX) To Become Fourth-Largest Blockchain by Total Value Locked
  Statistic as of 2022-02-16 08:39 AM EDT: 16 positive votes, 1 negative vote
  
  Ethereum challenger Fantom (FTM) is setting new fundamental records amid the sustained price decline across the crypto markets. New data from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), shows that Fantom printed a new all-time high in terms of total value locked (TVL). 
  
  (Extracted from Crypto Panic)

1C. Top 2 Bad News for FTM HODLERS !!!

• Grim Finance Hacked for $30 Million in Fantom Tokens
  Statistic as of 2022-02-16 08:39 AM EDT: 0 positive vote, 16 negative votes
  
  Grim Finance is the latest DeFi protocol to be hit by an exploit.
  
  (Extracted from Crypto Panic)

• Fantom protocol Stake Steak’s token crashes by 99% post private key exploit
  Statistic as of 2022-02-16 08:39 AM EDT: 0 positive vote, 8 negative votes
  
  Popular DeFi protocol Stake Steak is in the news today after it suffered an exploit that allowed hackers to mint an exponential amount of the platform’s STEAK token. Soon after, its price plummeted by over 99%. 
  
  (Extracted from Crypto Panic)
  
  

2. How Fantom Performs Relative to Other Cryptos ?

Performance of All Cryptos Under Quantdoge Watchlist since 2021 (Sorted by % Return)

FTM has undergone 11,174.27% return from USD 0.0171 to USD 1.9279 since 01 Jan 2021. FTM is the second best performing crypto asset among others here.

3. How Resilience Fantom Is Towards Bitcoin Crash Relative to Other Cryptos ?

Historically, all altcoins are somewhat dependent on Bitcoin price movement and it’s often the case where if Bitcoin falls, most altcoins would follow.

Top 3 Cryptos That Are Most Resilient To Bitcoin Crash During Each of BTC 4 Largest Crashes in 2021

FTM has proven resilience against BTC crash in 0 out of the 4 instances.

During the last 4 BTC market crashes,

When BTC dropped by -13.47 %, FTM returned -38.29 % at 20 May 2021,
When BTC dropped by -13.13 %, FTM returned -6.97 % at 22 January 2021,
When BTC dropped by -12.16 %, FTM returned -20.46 % at 13 May 2021,
When BTC dropped by -11.39 %, FTM returned -24.15 % at 22 June 2021
 
4. Technical Analysis on Fantom

4.1. Volume Weighted Average Price (VWAP)

VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when FTM is closed at the end of every single day. 

Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of FTM (blue line) to fall to its average level (orange line).

Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of FTM (blue line) to rise to its average level (orange line).

As of 15 Feb 2022, VWAP is suggesting that FTM is losing momentum and is now trading below its week-long and month-long volume weighted average price.

4.2. Moving Average Convergence Divergence (MACD)

MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).

MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of FTM closing price from its 12-day EMA. 
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26). 

As MACD (12, 26) goes higher away from Signal (9), it signifies that FTM is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that FTM is losing momentum. 

As of 15 Feb 2022, MACD is suggesting that FTM's momentum has been trending down before coming to its current consolidation phase.

4.3. Bollinger Band

Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:

- SMA (20) (blue line), which is the 20-day simple moving average price of FTM
- Upper Band (orange line), which is computed by adding 2 standard deviations of FTM on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of FTM from SMA (20)
- Close (green line), which is the daily closing price of FTM

Whenever close line (green) touches the lower band (red), it indicates that FTM is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that FTM is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 15 Feb 2022, Bollinger Band is suggesting that FTM is neither overbought nor oversold. 

4.4. Relative Strength Index (RSI)

Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that FTM is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that FTM is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 15 Feb 2022, RSI is suggesting that FTM is neither overbought nor oversold. 

4.5. Price and Volume Analysis




Fantom's current consolidation phase is accompanied by a significant lower amount of active daily trading volumes. 

Based on the technical analysis presented above, quantdoge is neutral on FTM, but I could be wrong, hence please make your careful due diligence before making any financial decision. 

5. Fantom Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Fantom defined above, FTM seems to trade at a similar risk level on 15 Feb 2022 as compared to 10 days before on 05 Feb 2022, with its biggest pullback being seen at -18.98% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.

6. FTM Community Analytics

Number of FTM Followers In The Last 30 Days

In the last 30 days alone, Fantom followers have grown 13.02 % from 333,825 to 377,290 on Twitter and grown 11.9 % from 29,519 to 33,033 on Reddit.

Daily increment of Fantom Twitter followers peaked on 25 Jan 2022 and its daily increment of Reddit followers peaked on 23 Jan 2022.

On average, Fantom managed to attract 525 new Twitter followers and 121 new Reddit subscribers every day for the past 30 days.

7. Google Trends Analytics


"fantom blockchain" reached its peak in Google Search on 2022-01-09 with a Google Score of 100
Over the last quarter, "fantom blockchain" Google Score has increased 9.86 % from 35.5 to 39.0
Over the last 6 months, "fantom blockchain' Google Score has decreased 23.53 % from 51.0 to 39.0

Over the past month, "fantom blockchain" was most sought after from three developed economies with crypto-friendly regulations, namely France, Germany and Canada.

8. Developer Activity Analytics

Fork

Fork refers to the amount of time where the Github repo of current cryptocurrency is being copied. Higher fork number could mean that this cryptocurrency project is getting more interest in the developers community who likes to explore more on the deep technical of this project.

Fantom forks increased 52.63% from 38 to 58 in the past year.

Star

Star refers to the number of developers who bookmark the Github repo of current cryptocurrency. Higher star number could mean that this cryptocurrency project is getting more general interest in the developers community.

Fantom stars increased 143.59% from 78 to 190 in the past year.

Pull Request

Pull request contributor refers to developer who has made a successful improvements/ modifications on the Github repo of this current cryptocurrency project. Higher number of pull request contributors could mean that there is a high number of commitment given by developers to this cryptocurrency project.

However, a low number also could mean that the developer community of this project applies a strict standard when it comes to code review, so only developers who have published a high quality code with highly impactful features got approved.

Fantom pull request contributors increased 4.55% from 22 to 23 in the past year.

9. Binance Futures Activities

FTMUSDT futures have relatively more buyers than the sellers in this month of February. However, as the time passes, the short positions on FTMUSDT futures are increasing faster than the long.

FTMUSDT long-short ratios remain consistently higher than BTCUSDT and ETHUSDT futures. However, after 14 Feb, a lot of long traders are exiting their positions while short traders are building up their short positions as FTM price is trending up. Please take note that this long-short ratio is simply just dividing the number of accounts who are long by the number of accounts who are short, without taking any buy/ sell volume into consideration. 

At the time of writing, the crypto futures market is in a "risk-off" mode now with sell volumes building up on more volatile FTMUSDT and ETHUSDT futures while the buy volumes are building up on the less volatile BTCUSDT futures for the past few hours. 

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