Fantom (FTM) is fading fast. After starting the year on a strong uptrend, FTM’s peak at 63 cents in February, followed with lower peaks faster. It failed to break 52.8 cents on April 16, trading to a lower high of 31.61 cents in July.
FTM previously benefited from buying momentum in the fear of missing out phenomenon. However, buyers of Fantom and Cronos (CRO) have their eyes on yet another offering – Everlodge (ELDG). Buyers may get ELDG at a presale discount.
FTM investors should ignore the ELDG distraction. Fantom is a fast, scalable, and secure blockchain. To build its awareness, Fantom hired Joseph Epstein as its new Chief Marketing Officer. The CMO previously held senior-level positions at Sony Pictures, 20th Century Fox, Warner Bros./Machinima, and TikTok. This is according to the posting on the fantom foundation blog.
Link: https://fantom.foundation/blog/joseph-epstein-new-chief-marketing-officer-at-fantom-foundation/
Looking ahead, the Fantom 2.0 upgrade will increase its speed, flexibility, and interoperability. Oddly, Fantom holders did not react to Google Cloud’s blockchain data offering. This includes Fantom among the 11 in-demand chains it is adding to the BigQuery public dataset.
Your Takeaway
Weak trading volume for Fantom is hurting its price. Holders will need to wait for markets recognize its positive fundamentals.
