While Fantom Price Explodes, These Lesser-Known Altcoins May Take Off This Year – Here's Why

cryptonews.com:

Fantom (FTM), the cryptocurrency that powers the high-performance, smart-contract-enabled Fantom blockchain, has been rallying hard in the last few days. FTM was last changing hands in the $0.57s, back above its 21-Day Moving Average at $0.52 and up around 40% versus recent lows around $0.41, with the cryptocurrency benefitting from buying pressure after it found strong support at the summer 2022 high.

Fantom is currently sitting on gains of around 180% this year, dwarfing Bitcoin’s gains of roughly 50%. Bulls are targeting an imminent retest of recent highs in the $0.65 area, a break above which could open the door to a run higher towards $1.0 per token. The surge in Fantom’s price since the beginning of the year has been aided by a massive influx of new Fantom investors, according to crypto analytics firm Santiment.

This has resulted in a big shift in the distribution of on-chain FTM wealth away from larger shark and whale wallets (which hold 10,000 to 100 million tokens) towards micro addresses, which hold 0.01 to 1 tokens. The later wallet cohort has fallen by 41% in recent weeks, while the micro address cohort has surged by 53% in recent weeks.

The explosion in interest in promising altcoins like Fantom bodes well for the tokens of lesser-known, up-and-coming crypto projects. Investing in the token presale of a great crypto project is one of the best ways to generate return in crypto. Here is a list of a few presales vetted by the Industry Talk team at Cryptonews.com that observers think could take off later this year.

Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community