Last week, Fantom (FTM) traded in a range of between around 0.235 to 0.260. This is still up sharply from 0.18 a month ago. A bullish uptrend awaits for FTM.
Crypto investors noticed a strong bullish wave for both Fantom and Polygon (MATIC) in the last week. Between the two, Fantom looks more promising. It is sometimes dubbed as an alternative to Ethereum (ETH) since it was created as such. Still, this comparison is a big stretch. ETH is the second-largest crypto after Bitcoin. Adoption for FTM is nowhere near that of Ethereum.
Fantom has the promise to gain wider acceptance. It is a smart contract platform for decentralized applications. Those who want to take advantage of its performance and processing of thousands of transactions per second at a low cost will consider FTM.
For now, 2023 is not a break-out year for Fantom. FTM traded at 0.25, the same value from a year ago. It traded as high as $0.6336 in Feb. 2023 but bullishness waned by June.
Your Weekly Takeaway
FTM is in a steady trading range. Rising buying interest for Bitcoin in the last month could lift Fantom with it.
