The price movements of most large-cap assets over the past few hours have managed to wipe away the broader uptrend narrative. Cryptos like BTC, ETH, and ADA have shed 6%-8% of their respective values in just 24 hours. The numbers looked even more terrifying on the lower timeframe charts.
Most mid-cap assets also followed suit, with Fantom among the worst-affected. Just a couple of days back, one of our recent articles highlighted the record-breaking spree that FTM was in. However, post the 13% dip over the previous day, the alt’s future prospects did not seem to be very appealing.
Fantom has been one of the few alts that has outrightly performed well over the last couple of months. In the period between 16 to 26 October alone, the alt’s value
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