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Fantom is one of the best performer amongst the highest 100 cryptocurrencies by market cap at present following a vital integration.
FTX, the native coin of the Fantom blockchain, is up by greater than 18% within the final 24 hours. The coin is outperforming the opposite main cryptocurrencies after rallying by almost 20% thus far at present.
The rally comes after Fantom Foundation announced that Ramp Network had integrated Fantom. Ramp is an organization that builds very important infrastructure connecting crypto to the worldwide monetary community.
According to the Fantom staff, customers onboarding to Fantom by way of Ramp can anticipate environment friendly and dependable transaction settlement. Fantom builders can hook up with the Ramp SDK with only a few traces of code, the Fantom Foundation added.
FTM’s rally comes because the broader cryptocurrency market recovers from the hunch it suffered earlier this week. The whole cryptocurrency market cap stands at $1.03 trillion, up by greater than 2% within the final 24 hours.
Bitcoin is buying and selling round $20,600 and will rally in the direction of $21k quickly after including greater than 1% to its worth at present. Ether can also be buying and selling near $1,600 after rallying by 2% within the final 24 hours.
Key ranges to observe
The FTM/USD 4-hour chart is bullish, as Fantom has been performing effectively over the previous few hours. The technical indicators present that FTM is outperforming the broader crypto market.
The MACD line is above the impartial zone, indicating bullish momentum. The 14-day relative power index of 72 additionally exhibits that FTM might quickly enter the overbought area.
At press time, FTM is buying and selling at $0.2753 per coin. If the optimistic development continues, FTM might surge previous the $0.3208 resistance degree earlier than the tip of the day.
With the help of the broader cryptocurrency market, FTM might rally previous the $0.450 resistance degree over the approaching days.
Where to purchase Fantom now
eToro
eToro gives a variety of cryptos, reminiscent of Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.
Binance
Binance is likely one of the largest cryptocurrency exchanges on the earth. It is best suited to extra skilled buyers and it gives a lot of cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
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