In the last week, Fantom (FTM-USD) prices strengthened, gaining 7.4%. FTM found support at prices below $0.380 on Feb. 13 and again on Feb. 17, 2024. Although random strength might explain the unusual buying over the weekend, one UK-based site, cryptodaily, assigned a $0.515431 price estimate by Feb. 24.
DigitalCoinPrice published a $1.57 price target by the end of 2026.
Readers should exercise caution when reading Fantom price predictions. Trends show a pattern until the chart patterns end. Instead of looking at charts, look at the use cases of Fantom.
The Fantom Foundation created FTC to overcome limitations in the second most popular cryptocurrency, Ethereum (ETH-USD). Unfortunately, since its inception in June 2018, its price peaked in 2021-2022 at over $3.00. It closed at $0.4329 on Feb. 19.
Recent Development
The Fantom Foundation recently launched its first Galxe campaign, called Memecoin Mystery Maina. This will demonstrate the value of memecoins. It also showcases the means for building real products on Fantom.
Participants will get a free NFT. In addition, they will enter a chance to win a share of $3,500 in prizes. Clokkworky is the creator of the NFTs. Readers interested in the prize, the free NFT, and the artist may read more about it here:
https://blog.fantom.foundation/introducing-clokkworky/
