{"id":40788,"date":"2024-03-16T14:51:26","date_gmt":"2024-03-16T14:51:26","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/03\/16\/fantom-ftm-price-jumps-to-1-0-in-major-rally-analyst-expects-another-50-gains\/"},"modified":"2024-03-16T14:51:26","modified_gmt":"2024-03-16T14:51:26","slug":"fantom-ftm-price-jumps-to-1-0-in-major-rally-analyst-expects-another-50-gains","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/03\/16\/fantom-ftm-price-jumps-to-1-0-in-major-rally-analyst-expects-another-50-gains\/","title":{"rendered":"Fantom (FTM) Price Jumps to $1.0 In Major Rally, Analyst Expects Another 50% Gains"},"content":{"rendered":"

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While Bitcoin and the broader cryptocurrency market have entered consolidation, Fantom (FTM) is making main strikes gaining over 33% within the final two days and surging all the way in which to $1. As of press time, the Fantom (FTM) price<\/a> is buying and selling 22% up at a worth of $0.96 with a market cap of $2.69 billion. Also, the every day buying and selling volumes have surged by 45% capturing all the way in which previous $500 million.<\/p>\n

Fantom Price To Rally Another 50%<\/h3>\n

Since the start of March, the Fantom (FTM) worth surged by a staggering 150% rallying all the way in which from $0.41 to now at $1. Popular crypto analyst Ali Martinez had earlier predicted this rally citing a multi-year breakout on the chart. In the current replace, Martinez has revised his worth goal for Fantom to $1.44.<\/p>\n

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$1.44 subsequent $FTM<\/a> https:\/\/t.co\/Qab2s3KYoa<\/a><\/p>\n

\u2014 Ali (@ali_charts) March 16, 2024<\/a><\/p>\n<\/blockquote>\n

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Despite the present rally, the Fantom (FTM) worth is buying and selling at 66% low cost from its all-time excessive of $3.16 again in 2021. Moreover, practically 43% of buyers are seeing their holdings under their preliminary funding. This signifies that a good portion of buyers are holding out for a rise within the token\u2019s worth earlier than considering promoting. This reluctance to promote could scale back promoting stress available on the market, doubtlessly enhancing the chance of sustained upward Fantom worth motion.<\/p>\n

Positive Triggers for FTM<\/h3>\n

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Since the beginning of March, there was a discount within the provide of FTM Coin<\/a> accessible on exchanges. The change provide, beforehand at 655 million on March 1, has decreased to 643 million. This decline in provide has corresponded with a worth enhance from round $0.50 to $0.82.<\/p>\n

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A lower within the provide of any altcoin on exchanges signifies a motion of extra property to chilly wallets. This means that long-term buyers are opting to retailer their property independently relatively than holding them available on the market.<\/p>\n

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