Bullish Trend Ahead: A rise in Fantom (FTM) signals the potential for a strong rally to $0.65
In the last 24 hours, FTM has experienced a significant spike of 9%, pushing its price to the $0.50 level. This upward momentum has fueled optimism in the market, with the potential to propel FTM to a yearly high of $0.65.
Crypto analyst Ali Martinez shares insights into Fantom's future. Martinez emphasized that FTM trading above the key resistance level of $0.47 means a significant bullish turning point. In addition, analysts note that no significant hurdles are in sight until the $0.65 level. As long as FTM stays above this key level, Martinez predicts a strong rebound for the coin.
With FTM breaking through the $0.47 resistance level, the foundation was set for further gains. There are no major hurdles before the $0.65 mark, which provides an encouraging backdrop for FTM's potential upward trajectory.
Analyst Ali Martinez's assessment reinforces the belief that as long as FTM remains above $0.47, investors should be prepared for a strong rise in the token's price.
In recent weeks, Layer 1 (L1) blockchain protocols have taken center stage in the cryptocurrency community. Coins such as Injective (INJ), Kaspa (KAS), Avalanche (AVAX), and Solana (SOL) have outperformed major cryptocurrencies. However, in the midst of this L1 spike, Alpha Scan highlighted that Fantom has already emerged with impressive emotional intensity, capturing the attention of market participants and further supporting the protocol's native token price surge.
According to a recent article published by sentiment analysis firm X (formerly Twitter), an analysis of social media conversations revealed that a staggering 61% of monthly mentions to FTM occurred in the last 7 days.
The sudden spike in mentions starting on December 9 indicates an increase in interest and positive sentiment towards the token. Over the past 30 days, 28 key customers have actively discussed FTM, further emphasizing their growing importance.
Notably, 20 of these key accounts have highlighted FTM in the last 7 days, reflecting an increase in attention and engagement in a relatively short period of time. Key customer engagement ratios over the past week indicate a clear uptick in interest and potential market influence.
According to the data, in addition to the buzz on social media around the protocol and its native token, Fantom's market capitalization has reached about $1.38 billion, an increase of 18.47%. This surge reflects the growing demand for FTM and its expanding market share.
In terms of revenue, the token has seen a significant increase, with a 30-day revenue increase of 734.11% to $171.73k. In addition, the annualized revenue soared to $2.09 million, a significant increase of 813.75%.
In addition, Fantom's fully diluted market capitalization is about $1.57 billion, a significant increase of 43.39%. This growth further strengthens the market's confidence in the prospects of the agreement.
When considering the performance ratio, the calculated value of the P/F ratio (complete dilution) is 203.80x, while the reported value of the P/S ratio (full dilution) is 679.33x. Although both ratios are down 82.8%, it still indicates that Fantom is valued at a high level relative to its performance.
(Source: Ronaldo Marquez)
