Fantom Price Surges 20% amid Andre Cronje’s Unexpected Comeback

Fantom (FTM) price has seen a bullish trend, which is worth analyzing. At the time of writing, Fantom’s price was trading at $0.261536 with a 24-hour trading volume of $407,044,934, as per CoinMarketCap. Data shows that the token was up 20.28% in the last 24 hours and ranked #67, with a live market cap of $665,610,896.

Based on the below chart analysis, Fantom crossed the $3 threshold twice in 2021 while trading at $0.2-$0.4 at the beginning of the year.

During that year, FTM recorded a 10x growth, setting two all-time highs at almost the same level in a span of 12 months. The first highs were witnessed at the time of the overall market growth in February and May. The second highs were seen in September 2021 and January 2022, when Fantom was worth $3.16 and $3.3, respectively, when the crypto market recorded its peak growth.

Numerous developments contributed to the growth of Fantom’s value throughout 2021. In May last year, the Fantom Foundation supported a few native projects, such as SpiritSwap and SpookySwap, as part of the Fantom ecosystem.

Furthermore, several protocols, like Geist Finance, Scream, Reaper Farm, RoboVault, and others, appeared within the Fantom ecosystem during that year. Also, Fantom blockchain started partnering with multiple projects from different fields, such as Coti (Payment), Suterusu (Privacy), V-ID (Identity), Travala (Travel), and others.

Fantom’s price evolved and achieved its latest all-time high point in 2021; so far, the record has never been surpassed.

As it can be seen in the chart, since the early part of this year, the token experienced some significant challenges, which pointed to why it cooled its steam. On 10 March, Fantom announced the departure of one of its key developers, Andre Cronje, from the project as of the end of March 2022. Blockchain.News further reported the matter. As a result, the update caused the price of FTM to drop by over 20% over 24 hours and trade low.

Besides that, Fantom prices also have been trading low this year due to the wider crypto winter that started seriously at the end of April.

But for the last 30 days, Fantom’s price went up by 19.49%, 21.25% surged for the last seven days, and 24% up over the last 24 hours. Market report associates the latest bullishness with rumours that DeFi trailblazer Andre Cronje is returning to the industry. The total volume of assets locked in Fantom also rose 3.10% in the last 24 hours to $517.22 million, thus reacting positively to the speculation.

Rumours about Cronje’s return started last week when he published a medium post talking about various matters that led to the recent market downturn. The DeFi developer also used that opportunity to call for more regulatory reforms within the sector.

However, the crypto community members were divided based on the post, with some arguing that the publishing was not from Cronje. But early yesterday, Cronje updated his LinkedIn profile to read that he is the Vice President of Memes at the Fantom Foundation, and stated he started the position this month. He also shared a tweet via his verified Twitter account that showed he was back in the industry. All these confirm the speculation that Cronje has finally returned.

Cronje is widely regarded as the father of DeFi for his various contributions to the space. He is credited with developing several projects such as Yearn Finance, Keep3rV1, PowerPool, SushiSwap, PowerPool, CreamV2, and many more. He was Chairman of the Fantom Foundation and served as the project’s technical advisor.

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Here’s What’s Ahead for Ethereum Rivals Cardano (ADA), Fantom (FTM) and Harmony (ONE), According to Analyst Michaël van de Poppe

Popular crypto strategist Michaël van de Poppe is mapping out what he thinks is in store for Ethereum competitors Cardano (ADA), Fantom (FTM) and Harmony (ONE).

The crypto analyst and trader tells his 564,600 Twitter followers that smart contract platform Cardano must reclaim a key level to ignite a 25% rally.

“This one made a fake breakout above $1.50. Dumped back towards the range. If it wants to retest the $1.50 area, then I’d be looking at a flip and reclaim of $1.20 first.”

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Source: Van de Poppe/Twitter

At time of writing, Cardano is exchanging hands at $1.04.

Next up is Fantom, a highly scalable blockchain platform for decentralized finance (DeFi), decentralized applications (DApps) and enterprise applications. Trading against Bitcoin (BTC), Van de Poppe says the FTM/BTC pair managed to hold support at 0.00005 BTC ($1.81) and must now take out resistance at 0.000068 BTC ($2.48) to launch a breakout rally.

“Crucial area to hold to avoid a nuke was the 6800 sats zone. Didn’t hold, nuke towards support and a strong bounce from that region already. Support between 5100-5400 sats (0.00005 BTC – 0.000054 BTC), resistance at 6800 (0.000068 BTC) sats. If that breaks -> new impulse wave.”

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Source: Van de Poppe/Twitter

At time of writing, the FTM/BTC pair is trading at 0.00006 BTC or $2.17.

The last coin on the trader’s radar is Harmony, a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony may be positioning for a bounce against Bitcoin (ONE/BTC) after respecting support at 0.000005 BTC or $0.18.

“If you’d want to enter ONE, this is probably the region you’ve been looking for.”

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Source: Van de Poppe/Twitter

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Ethereum (ETH) Has Eight Main Competitors, According to InvestAnswers – Here Are His Picks

A popular crypto analyst is looking at how several Ethereum (ETH) challengers stack up against the leading smart contract platform.

In a new Q&A session, the host of financial education YouTube channel InvestAnswers tells his 401,000 subscribers that he does not doubt Ethereum remains the dominant force with which all competitors must contend.

“As I always say, Ethereum is the dominant 800-pound gorilla. No ifs, ands, or buts.

Everything runs off Ethereum – but other players are chipping away.”

The analyst cites several reasons why he thinks decentralized finance (DeFi) protocol Terra (LUNA) and smart contract platform Solana (SOL) top the list of significant Ethereum alternatives.

“When you look at the USP, which is unique selling proposition, plus team, plus technology, plus community, Luna and Solana win the day… Those four characteristics are key to evaluating [projects].”

Another area of interest for the InvestAnswers host involves the incentives and momentum surrounding a crypto project. He says layer-1 smart contract platform Avalanche (AVAX) and enterprise-grade DeFi platform Fantom (FTM) both meet these criteria.

“The next two are Avalanche and Fantom. They stand out because of incentives and momentum.

Crypto is all about momentum. You’ve got to follow the heat. Where all the flies go, you’ve go to be…

 Fantom has incentives that drive momentum. For example, loan to value (LTV), that’s why the LTV is exploding. You’ve got to look behind the curtain to find out exactly what’s going on.”

Source: InvestAnswers/YouTube

The YouTube personality next looks at multi-chained scaling solution Polygon (MATIC) and decentralized digital asset exchange Binance Smart Chain, powered by Binance Coin (BNB). He thinks these Ethereum competitors might be at risk of falling by the wayside – and each for very different reasons.

Under threat, you could argue that Polygon could be under threat, not only from… it’s amazing how the whale concentration all feeds in and supports this narrative to some extent.

And Binance Smart Chain because it’s so centralized.”

Last on the list are the wildcards: cross-chain interoperability protocol Polkadot (DOT) and scalable decentralized blockchain platform Cardano (ADA).

“And then you have the wildcards, Polkadot and Cardano. Both had sucky years over the last 12 months.

Cardano did move a little bit today, which is great, but I hope it gets to three bucks quick.”



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Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally

A popular crypto analyst and trader is predicting a strong breakout for Ethereum competitor Fantom (FTM) and says that another ETH rival is gearing up to rally.

Crypto strategist Altcoin Sherpa tells his 165,100 Twitter followers that Fantom, a highly scalable blockchain for enterprises, is threatening to take out a massive resistance area above $3.00 en route to a fresh all-time high.

“This is going to break soon. I don’t know when or how but this is a bull flag in my opinion. Too strong of fundamentals right now… $3.50 is next up in my opinion. Strooooong coin.”

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Source: Altcoin Sherpa/Twitter

At time of writing, FTM is exchanging hands at $3.24, up nearly 10% in the last 24 hours.

Next up is Solana (SOL), a blockchain focused on being scalable while remaining secure and decentralized. Altcoin Sherpa says that SOL looks ready to ignite a rally after respecting a key support level.

“SOL: seems like this current area was support; makes sense given it’s the 200-day exponential moving average and the last area of true consolidation in September. Expecting at least a lower high to $170.”

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Source: Altcoin Sherpa/Twitter

Another coin on Altcoin Sherpa’s list is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to the crypto analyst, Harmony is one resistance away from rallying to a new all-time high.

“ONE: The levels seem pretty clean to me personally; it just cleared one level of resistance and going for all-time highs. I would personally wait until this dips a bit more before buying, but it looks very, very strong.”

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Source: Altcoin Sherpa/Twitter

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One Ethereum Rival Eyes Major Breakout After Gaining $1,200,000,000 in Total Value Locked: Delphi Digital

Crypto research firm Delphi Digital thinks a blockchain platform designed for decentralized finance (DeFi) could be the next major player among layer-1 scaling solutions.

In its Delphi Daily tweets offering updates and insights about the crypto space, the firm tells its 103,700 followers that Fantom (FTM) is defying an industry-wide downtrend by racking up an additional $1.2 billion in total value locked (TVL).

“While the TVLs across crypto have stagnated, @FantomFDN’s ecosystem has been vibrant.

Fantom has gained $1.2B (+20%) in TVL over the past week.”

Source: Delphi Digital/Twitter

The TVL of a DeFi protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.

The Fantom Foundation also took to Twitter to celebrate surpassing the $10 billion TVL milestone.

Just over a year ago, Fantom said in a blog post that it envisioned itself as an “Ethereum helper, a solution to transfer some of the load off Ethereum to Fantom’s high-performance network.”

At that time, FTM was valued at $0.02 while Ethereum (ETH) had a price of $638.

Today Fantom is valued at $2.96, marking a 148x increase, whereas Ethereum at $3,315 has pulled slightly more than a 5x.

Delphi Digital wraps up its cryptocurrency analysis by reporting on findings that suggest optimistic horizons for Bitcoin (BTC) after a rough two months.

“On-chain data shows that throughout January’s price slump, long-term holders have accumulated Bitcoin after months of offloading Bitcoin at the end of last year.

Coupled with the correlation data shown yesterday, it illustrates a transference from shorter-term ‘weak hands’ to long-term ‘strong hands.’

A rise in long-term holder accumulation could be a positive indicator for Bitcoin price.”

Source: Delphi Digital/Twitter

At time of writing, Bitcoin is moving sideways and trading at $43,709.

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Fantom (FTM) and One Ethereum Competitor Are Gunning for All-Time Highs, According to Top Crypto Analyst

A popular crypto analyst and trader is giving a bullish prediction for the native tokens of two smart contract-enabled blockchains.

The crypto analyst pseudonymously known as Smart Contracter tells his 201,800 Twitter followers that the native tokens of blockchain platforms Harmony (ONE) and Fantom (FTM) are aiming to reach new record highs.

Smart Contracter also says that the native tokens of layer-1 blockchains are in a bullish phase. Layer-1 blockchains are standalone blockchain protocols such as Bitcoin (BTC), Ethereum (ETH), Harmony and Fantom.

“Looks like ONE and FTM both gunning for an all-time high, what dip.

The layer-1 season is alive and well.”

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Source: SmartContracter/Twitter

The popular crypto analyst and trader adds that in Fantom’s decentralized finance (DeFi) ecosystem, the total value locked could be hours away from surpassing the total value locked on the Solana (SOL) DeFi ecosystem.

“FTM total value locked probably only 24hrs away from flipping SOL total value locked at this point.”

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Source: SmartContracter/Twitter

According to Smart Contracter, the top crypto assets in the Fantom ecosystem such as Spookyswap (BOO) have corrected and are now sitting at attractive entry points.

“Some decent pullbacks on FTM ecosystem top coins. If you were waiting for pullbacks, time to shoot your shot in my opinion.

GEIST, TAROT, SPIRIT, BOO, SCREAM.”

The popular crypto analyst also says that nearly all the native tokens of layer-1 blockchains have recorded better returns than SOL since November 17th of 2021.

“Almost every single layer-1 outperformed SOL from this day [November 17th, 2021].”

On November 17th of 2021, Smart Contracter tweeted that he had sold SOL and predicted that Terra (LUNA), FTM and Avalanche (AVAX) possessed more upside potential.

“I’m letting my baby SOL go now.

I rode this baby from obscurity into the top 5.

Still think there’s plenty of upside left. But in terms of percentage gains, there are simply better layer-1 horses to back here like LUNA, FTM, AVAX et al.”

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Analyst Says Altcoin Season Has Arrived for One Ethereum Competitor, Predicts Dramatic Reversal for Additional DeFi Altcoin

A popular cryptocurrency analyst is bullish on the Fantom (FTM) blockchain and one blue-chip decentralized finance (DeFi) platform.

Starting with FTM, the pseudonymous cryptocurrency analyst Smart Contracter tells his 201,500 Twitter followers that crypto assets in the Fantom ecosystem are rallying.

“It’s Fantom season as far as I’m concerned, literally every coin on Fantom is turbo sending right now.”

Fantom is a smart contract-enabled blockchain designed for high performance, and FTM is currently trading at $2.83.

Next up is DeFi platform Aave (AAVE). Smart Contracter says that AAVE has bottomed and predicts that 2022 will be a better year than 2021 for DeFi-related crypto assets.

“Strongly believe a major low is in for AAVE. 2021 was tough for DeFi as a whole but I think 2022 is going to be round two.”

According to the analyst’s interpretation of the Elliott Wave Theory, AAVE has completed the dominant five-wave pattern heading upwards and the three-wave corrective pattern heading downwards. AAVE is now set to continue with the dominant trend when paired against Tether (USDT), according to Smart Contracter.

AAVE could also outperform Bitcoin (BTC), according to the crypto trader.

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Source: SmartContracter/Twitter

Smart Contracter also says that the sighting of a bullish pattern on the tech-heavy US stock index Nasdaq 100 “bodes well” for Bitcoin.

According to the crypto analyst and trader, the Nasdaq 100 index has formed a bullish ABC pattern on the daily chart.

The ABC chart pattern consists of three inflection or pivot points and can either be bullish or bearish. In a bullish ABC pattern, the A inflection point is a low, the B inflection point is a high and the C inflection point is also a low.

“Nasdaq looking really nice here for a new all-time high – clean ABC structure on the daily chart and turbo bounced on volume into the close.

Also thinking it bodes well for BTC seeing as it practically topped when tech did albeit more sharply.”

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Source: SmartContracter/Twitter

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Here’s What’s Next for Ethereum Rival Fantom (FTM), Polygon (MATIC) and Three Additional Altcoins: Analyst Michaël van de Poppe

A popular crypto strategist and trader is mapping out what’s next for Ethereum challenger Fantom (FTM), Polygon (MATIC) and three other altcoins.

Michaël van de Poppe tells his 555,100 Twitter followers that Fantom, a highly scalable blockchain for enterprises, is currently trading at a key support level against Bitcoin (FTM/BTC).

“Very simple, it’s seen a big run. Based on that, the first area to look for spot longs is the one we’ve bounced from. Looking very decent.”

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Source: Van de Poppe/Twitter

Currently, the FTM/BTC pair is trading at 0.000053 BTC ($2.23), which is hovering just above Van de Poppe’s entry point at 0.00005 BTC ($2.11).

Another coin on the trader’s radar is blockchain scaling solution Polygon. According to Van de Poppe, MATIC still looks bullish despite its recent correction as it continues to print higher highs and higher lows.

“The green zone is a crucial zone to hold. If it breaks above $2.15-$2.20, I’m assuming another bullish run can happen.”

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Source: Van de Poppe/Twitter

Next up is blockchain gaming platform Enjin Coin (ENJ), which Van de Poppe says is closing in on two strong support levels after its sharp correction from the all-time high of $4.84.

“Two massive areas of support where I’d personally want to be seeking for longs.”

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Source: Van de Poppe/Twitter

ENJ is currently exchanging hands at $2.23. According to Van de Poppe’s chart, the two points of interest are $2.20 and $1.90.

WOO, the utility token of decentralized fintech startup and pool trading platform Woo Network, is also on Van de Poppe’s list. According to the crypto analyst, WOO is threatening to take out a massive resistance and rally against Bitcoin (WOO/BTC).

“This one is building up for a big breakout. Constantly testing the resistance, while creating higher lows. Another break = bullish continuation.”

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Source: Van de Poppe/Twitter

The last coin is high throughput blockchain Zilliqa (ZIL). According to Van de Poppe, Zilliqa has managed to take out its immediate resistance against Bitcoin (ZIL/BTC) and now looks poised to print a bullish higher low structure at 0.0000014 BTC ($0.05).

“This one has made a breakout upwards, just like altcoins in December were a great buy (remember ATOM and LINK?).

On an area of support right now, might be a good spot.”

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Source: Van de Poppe/Twitter

At time of writing, the ZIL/BTC pair is trading at 0.00000142 BTC ($0.06).

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This Is Why Cosmos, Fantom and Near Are Surging Amid a Correction, Says Crypto Hedge Fund CEO Zhu Su

Three Arrows Capital CEO Zhu Su is offering his opinion on why Cosmos (ATOM), Fantom (FTM) and Near (NEAR) are appreciating as the rest of the market trends downwards.

Su says in a series of tweets that the three digital assets are among the cryptocurrencies that macro investors own the least amount of.

According to the crypto hedge fund CEO, macro investors are exiting their crypto positions as the Federal Reserve Bank starts cutting asset purchases, also known as tapering.

Su says the macro investors entered their crypto positions after the market crash witnessed in March of 2020 at the height of the Covid-19 pandemic.

“One path-dependent fact of history is that the Covid-19 March 2020 dump regrettably flushed out a lot of true believers, cryptonatives, who were long for halving.

On the way up, crypto caught a bid from macro funds looking for a higher beta play to monetary conditions.

I’m in the camp that with or without Covid-19, crypto was going to go up anyway–the Covid-19 flush-out simply changed the makeup of the participants. The Bitcoin/S&P 500 stock market index correlation increased substantially.

What we’re seeing now is an unraveling of macro fund positions as taper comes closer.

This capitulation + transfer of risk back to the market was very important for crypto. I expect much lower S&P 500 stock market index /crypto correlations going forward.

It’s not a coincidence that the coins macro boomers own the least of are holding up the best now (Near, ATOM, FTM) at current levels.”

Cosmos is currently trading at $43.93, up 80% over the past 30 days. Fantom is trading at $2.83, up 77% over the past 30 days, and Near is trading at $15.39, the same price it was exchanging hands seven days ago. Over the past 30 days, NEAR is up by slightly over 100%.

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Terra (LUNA), Avalanche (AVAX) and Four Additional Ethereum Rivals Mounting Serious Challenge to ETH in 2022: JPMorgan Analysis

Analysts at global banking giant JPMorgan say that Ethereum (ETH) competitors will challenge the top altcoin’s decentralized finance (DeFi) dominance of the crypto markets this year.

In a recent report, analysts led by JPMorgan managing director Nikolaos Panigirtzoglou say that ETH’s 70% market share of the DeFi space will continue to drop because the blockchain’s sharding upgrade is still at least a year away.

Ethereum’s market share of the DeFi space is already down 30% since January 2021.

“In our mind, this optimistic view about ETH’s dominance is at risk.

This is because the scaling of the Ethereum network, which is necessary for the Ethereum network to maintain its dominance, might arrive too late.”

According to Panigirtzoglou, Ethereum competitors such as Terra (LUNA), Solana (SOL), Avalanche (AVAX), Fantom (FTM), Tron (TRX), layer-2 scaling solution Polygon (MATIC), and the Binance Smart Chain (BSC), powered by Binance Coin (BNB), are gaining ground on the second-largest crypto by market cap in terms of growth via adoption.

Furthermore, some developers may not ever return to ETH after its sharding upgrade is complete, according to the report.

“The relative valuation of Ethereum vs. its competitors has been echoing its declining DeFi share.

The risk for ETH is that by the time sharding is implemented in 2023, competitors’ ecosystems would have grown by so much that activity won’t return en masse to the Ethereum network.

In other words, Ethereum is currently in an intense race to maintain its dominance in the application space with the outcome of that race far from given, in our opinion.”

Ethereum is exchanging hands at $3,111 at time of writing, a 30% decrease from its 30-day high of $4,439.

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Bitcoin (BTC) $ 25,664.88 3.78%
Ethereum (ETH) $ 1,744.21 5.69%
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