Fantom FTM +250%: What is happening and why???

Crypto coin Fantom (FTM) did a great rally of 250%+ profit in the last couple of weeks, much outperforming Bitcoin and the crypto market overall. The price explosion held some great trading opportunities for scalpers, daytraders, and swingtraders, and the high volatility may continue in the future. Why did Fantom increase that much in price though and what might be price targets in the coming weeks and months? In this video, we analyze some recent news from Andre Cronje, Director of the Fantom Foundation, and map the news to the price reactions in the chart. Moreover, we will perform a technical analysis on the FTM chart, deriving price targets, support and resistance levels, and potential trading strategies. Lastly, we will have a look at which crypto exchanges you can trade Fantom Perpetuals, and which exchange yields the best trading costs to do so. Please note that nothing stated in this video should be regarded as financial advice!

Your links from this video:

👉Exclusive free access to hoc-trade by joining our Discord for beta testing:

👉Use dr-fee to analyse trading fees:

👉Medium article page of Andre Cronje:

Chapters of this video:

00:00 Introduction
01:15 FTM chart – what happened?
02:34 Fantom News – Reserves
05:16 Fantom News – Funding Program
07:13 Technical Analysis
10:42 Where to trade FTM?

#ftm #fantom #cryptotrading #cryptonews #cryptocurrency #FantomFoundation #defi #futurestrading #AndreCronje

Fantom is a blockchain platform for DeFi, crypto dApps and enterprise solutions. From a user perspective, it differentiates through its fast transaction & extremely low transaction costs, oftentimes a fraction of a cent. Fantom had its high at around $3.50 in Oct 2021 and with the start of the bear market, went down to like slightly below 20c. However, from the low in November last year at around 17 cents, it went straight north in the last couple of weeks. Fantom increased by 250% and more, while Bitcoin is only sitting at a profit of like 50%, so Fantom significantly outperformed Bitcoin in that timeframe.

In order to understand the recent price action, we need to know a little more about the historic events at Fantom and the Fantom Foundation. One important person here in Andre Cronje, who is now the Director of the Fantom Foundation. He published a couple of Medium articles in the last couple of weeks, which can explain some, if not a majority of the price action. To see all the content he published, please see the video or visit the Link to his Medium page as shown above.

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As always when dealing with cryptocurrencies and trading, please make sure to do your own research and take the required time to process and execute. The information in this video may be outdated.

DISCLAIMER: The information provided through the videos or in any other form (e.g. written on website) are no financial advise. We are not a professional advisor in business areas involving finance, cryptocurrency, Forex, taxation, securities and commodities trading, or the practice of law. The information and content written, broadcasted, and/or disseminated by and through Dr.fee and hoc-trade is intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing written or discussed is intended to be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice, nor should it be. All content expressed by any means through any channel of dr-fee and hoc-trade is premised upon subjective opinions and possibly incomplete and outdated information. We cannot be held liable for any form of loss based on your actions.

HIGH RISK WARNING: Foreign exchange, cryptocurrencies, and other CFD trading carries a high level of risk and may not be suitable for everyone. The usage of leverage creates additional risk and loss exposure. Your investment objectives, experience level and risk tolerance have to be taken into consideration before you decide to trade foreign exchange, cryptocurrencies, or other CFD products. You could lose some or all of your entire investment. Do not invest money that you cannot afford to lose and always use an appropriate risk management. It’s important to educate yourself on the risks associated with foreign exchange trading, and seek professional advice from an independent financial or tax advisor in case of any questions. Any data and information is provided ‘as is’ solely for informational purposes, and is not intended for trading purposes or advice. Past performance, including fees, which are presented on this website or you find somewhere else, is not indicative of future results.

2 gedachten over “Fantom FTM +250%: What is happening and why???”

  1. Omfg plz dude no more videos you do not have the faintest idea on how to trade how to read t.a charts ect plz stop with these videos it has to stop you are wrecking noobs

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