Hi Readers,

All of us know well that Fantom (FTM) is a Directed Acyclic Graph (DAG) based Smart Contract platform that aims to solve the scalability issues of distributed ledger technologies.

As mentioned in my earlier post, Fantom (FTM) is one of the fundamentally strong cryptos that has been listed in all the major Crypto Exchanges.

You could also observe that FTM was one of the most rewarding cryptos with its price hike during last year in 2021. 

With the current price fluctuations, we could see USD 1.85- 1.9 seems to be a super support level for FTM.

And we could see the profit booking lines are at USD 2.15 – 2.35.

But in the long run, Fantom sees more attractive and valuable to make its peak from the earlier tested highs.

But, crypto markets are very difficult and no one can exactly predict the ways in which the Crypto would travel in the future. It can be dumped a lot with any outbreak of negative cues. But with a small piece of good news, it would pump again.

With the recent dump that we have witnessed, we all could see that compared to other coins, FTM did not go down much.

It is emerging one of the most trending and much watched coin in the Crypto markets.

The Relative Strength Index (RSI) is around 50.

( Representation Image: E Governance)

On the other hand, the notable mass adoption of Fantom includes with the e-government project with Tajikstan Government. FTM also joined hands with SELISE- a software firm engaged in the creation of digital platforms to undertake smart contract network in the area of financial solutions in Bangaladesh in South Asia. FTM also inked various Memorandum of Understanding (MoUs) with the Government of Ukrain and Afghan.

So, keep your analysis radar on FTM and explore the opportunity curve for investments for better returns!