Investors Eye Fantom as It Rockets 8.6% – Could It Surpass Solana Soon?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Is Fantom Crypto the New Solana? With FTM price surging by +8.6%, top crypto influencer Ansem has zeroed in on the Fantom trade – here’s why.
This article explores the latest Fantom price trends to determine if FTM’s recent gains make it the best money-maker in the September market or if other opportunities might prove more lucrative.
As traders gear up for the week, the market is grappling with Bitcoin’s pivotal $60,000 price level.
This tension is set against the backdrop of one of 2024’s most awaited financial events – the upcoming FOMC meeting, where a significant interest rate cut is expected, the first since the COVID-19 pandemic.
As rumors swirl about Bitcoin’s potential response – with some predicting a sell-the-news event despite bullish on-chain signals from Reserve Risk and Net Unrealized Profit Loss – it seems that many are overlooking the broader implications.
Yet, one prominent trader, Ansem (blknoiz06), is clearly locked in after revealing a damning image of Fantom’s insane price gains relative to Bitcoin’s struggling upside moves.
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With such a big name in the space targeting the rally, let’s dig in and take a closer look.
As Fantom continues to outperform Ethereum relative to Bitcoin, the story continues in the FTM price chart, with Fantom currently trading at a market price of $0.52 (representing a 24-hour change of +3.34%).
This follows a significant bullish shift in technical strength on September 8, which initiated a period of
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