Fantom Price Up 11.4% to $1.33

Fantom has been making significant gains in the past 24 hours. The cryptocurrency market suffered a price dump on September 24 when China announced that it had declared all cryptocurrency transactions illegal. However, some cryptocurrencies have shown signs of recovery and are moving to higher levels.

Fantom is trading at $1.33 at the time of writing after an 11.4% gain in 24 hours.

Fantom Price Analysis

Fantom has been making major gains and it is among the trending coins in the market. The coin has managed to test the higher resistance level of $1.40. Currently, the majority of the gains are attributed to support from buyers.

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Market support could also step in as coins recover from the dumps that happened on September 24 after China declared crypto transactions illegal. In this case, we could see FTM heading towards the all-time high of $1.92. This level was achieved two weeks ago, and we could see the coin making this upward trajectory again.

In contrast, we could also see FTM pushing towards lower levels. In this case, the altcoin could push towards the lower resistance of $1.30. Before the current bull rally, FTM was trading at around $1.08, because of selling pressure, hence another correction could push the coin to these lows again.

The FTM token is also surging because of the developments in its network. The Fantom network has been selected as a hub for non-fungible tokens (NFTs). Artion, an open source NFT marketplace, is being built on Fantom. By building here, the marketplace will enjoy major features such as zero costs, faster speeds and more.

NFTs have been a major boom in the crypto sector, hence by the Fantom network venturing into the area, FTM could enjoy major gains because of increased demand and popularity.

Where to Buy FTM

If you want to buy FTM during the current upswing, you can create an account on the following exchanges:

eToro

eToro is one of the leading cryptocurrency exchange platforms. The exchange offers support for a wide range of cryptocurrencies and trading pairs. eToro also comes with a copy trading feature that allows new traders to copy the trading strategies of expert traders.

OKEx

OKEx is one of the largest cryptocurrency exchange platforms. OKEx supports many cryptocurrencies and trading pairs. It also offers low trading fees and commissions, which make it a reliable and easy exchange platform to use.

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