Get started

Fantomcoin

FTM (Fantom) Coin Analysis 19/03/2021we had analyzed this coin and capitalized on it now updating new targets and positions. Fundamentals: Fantom is a Directed Acyclic Graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms. Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.” Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents. Through token sales in 2018, Fantom raised almost $40 million to fund development. The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong. The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security. According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform. Technical Analysis: price has don its secondary accumulation phase and consequently showed some move up, there exist Hidden Bullish Divergence with MACD and its Histogram which is the sign of trend continuation there are total of 3 targets defined with Fibonacci Projection where as the 3 TP gets confirmed when the 2TP is triggered followed by some distribution and retracements
Long
by BitonGroup
8
Fantom / TetherUS Weekly Timeframe for Long-Term and Swing TradeHI here we have Fantom (FTMUSDT) analyzed using complete Price Action method where its key levels lies on the Key Fib points and absolutes support and resistances are specified and forecasted the price movement and immediate target Points to aim for as it is visible this coin is in the initial phases of volume accumulation so once it reaches the One Billion dollars market cap we can expect very good growth from our investment we have zones and a projection time slabs where approximately we are expecting the market to reach by then. please comment your opinions
Long
by BitonGroup
Long term Bullish, but could pull back once more. A couple things: 1) In my previous post I mentioned we would likely come down to the green box and set a bottom, and drew the red arrow. I've adjusted the box to better fit the previous bottoms and tops set but even then we barely scraped the top of it. 2) We have managed to rally right back into resistance, as you can see with the red up trending zone of what was support as well as the EMA spread and the 200 EMA. So, with this being said: a) Green box is providing decent support. b) we really need to break back into the triangle pattern on the daily, as well as break above the EMA ribbon. c) if we do not break above these resistances we could very well double bottom, seeing support at the green box again. Now if bitcoin blasts off to 60k shortly and takes everything with it, we could very well see quite the explosion though these resistance levels to the upside. Do not be surprised if FTM sees another re-test of this green box on the short term though. Overall i'm pretty bullish on this as long as we hold the green box, especially seeing that the majority of coins are now moving upwards as well. This is not financial advice and always do your own research.
Long
by MarketM8ker
FTM/USDT: BREAKING OUT OF THE FALLING WEDGE PATTERN.Welcome members, to this UPDATE ON FTM. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. FTM/USDT is breaking above the falling wedge pattern. Ever since FTM got rejected at $2.07, it has been dipping down badly. For almost 7 days FTM is under the falling wedge pattern and currently, FTM is breaking out of this falling wedge pattern. Technically, this looks good but let's not FOMO on this one and wait for the confirmation. I am expecting a retest and then a rally. We can enter this trade once we get a confirmation between $1.08 to $1.109. The SL will be below $1.02 and the target will be between 10% to 15%. This chart will get invalidated if FTM gets rejected from the upper trendline and enters back into the FW pattern. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
FLong
by Dexter_The_Trader
FANTOM- Stable but we want more💎👻 FANTOM has been rising again nicely, despite the turbulence in the markets. In our last post a good entry was given and support worked nicely: A nice article to read: This cryptocurrency is worth $5.1 billion and surpassed Ethereum in transactions — here's why analysts think it's the latest competitor to the blockchain giants The Fantom Innovation The second age of digital currency has arrived, with new money and new networks, including Ethereum, Cardano and Fantom. These and other new systems lend digital currency essential advantages it didn’t have with Bitcoin: speed and scalability. Established in 2018 by Dr. Ahn Byung Ik and colleagues working together in Australia, the Fantom organization has since moved its headquarters to South Korea. The system runs on an extensive matrix of blockchain-powered networks. Each network operates independently, allowing the entire system greater speed and scalability as new users join. One Love, the FXPROFESSOR
Long
by FX_Professor
3
FANTOM- Finally Moving / Will accelerate over 2,13$ Patience pays off, despite some of your comments the price managed to rise a good 7% today despite going sideways for a week. Some of you have no patience, or faith. 2,13$ will be a breached resistance and the price will possibly accelerate from there. Our target for this Quarter (1st Q 2022) remains the 4$ mark. NEWS: Fantom Collaborates With Blocknative to Provide Developers and Users with Real-time Tooling : Blocknative, the real-time Web3 infrastructure company, launches beta support for the Fantom Network across its core mempool data platform, empowering Web3 developers, dApps, and traders within the Fantom ecosystem to leverage critical, pre-chain infrastructure to improve user visibility and experience. For Fantom developers and dApps, the partnership unlocks new capabilities that enable them to build more reliable, user-friendly projects. For Fantom traders, real-time visibility into the status of every in-flight transaction provides the opportunity to overlay their existing trading strategies for better-informed trades. One Love, the FXPROFESSOR
Long
by FX_Professor
FANTOM - New Flight Inbound?FANTOM has been quiet for the last few days and this could be about to change. Fantom is a network of blockchains where transactions are finalized in a second and cost a fraction of a cent. Its main use cases include payments, digital identity, and medical records. Fantom uses a leaderless Proof-of-Stake consensus mechanism called Lachesis. The Lachesis consensus can be plugged into any blockchain and also powers Fantom’s Opera mainnet which is compatible with Ethereum. Here are some of the things I love about Fantom: 1. It conquers the blockchain trilemma. According to the trilemma, a blockchain can have only 2 of these 3 features - scalability, security, and decentralization. Fantom achieves all 3 - scalability, security, and decentralization. 2. Fantom has a modular architecture that makes it highly customizable. Ethereum-based dApps can be ported easily to Fantom Opera mainnet. 3. In Fantom, each application has its own blockchain and its performance and stability are not affected by traffic or congestion. In many blockchains including Ethereum, all dApps use the same infrastructure. This reduces scalability. 4. Each blockchain on Fantom can have its own custom tokens, tokenomics, and governance rules. Since all these blockchains use Lachesis, they can interact with each other. Fantom's native token is FTM, which can be staked. Delegated FTM gives investors sFTM, a synthetic asset that can be used in the Fantom ecosystem. While anyone can run validator nodes on Fantom, there is a huge cost to this - you need to stake a minimum of 1 million FTM. This is a minus. One Love, the FXPROFESSOR
Long
by FX_Professor
6
FANTOM- Thank you for keeping me Alive during the CrashFANTOM, I love you. Casper the friendly Ghost and Fantom the savior crypto during this crash. Di I need to say more? I love Fantom. Here is our updated chart with key levels. News: Fantom Transactions Surpass Ethereum as Users Look to Farm Yields Over 1.2 million transactions were recorded on the emerging layer 1 blockchain on Monday, data showed. One Love, the FXPROFESSOR (REMEMBER TO TAKE PROFITS OR YOUR SUFFERING WILL NEVER END!!!!!!)
Long
by FX_Professor
3