- Fantom made its method to LunarCrush’s charts and gained the ‘coin of the day’ title on 4 July.
- FTM’s metrics and indicators noticed some important modifications which indicated a bullish narrative within the making.
Most altcoins had been performing in tandem with investor expectations as we hit the third quarter of the yr. Nevertheless, that wasn’t the case with all altcoins. During the last 30 days, Fantom’s [FTM] efficiency was largely influenced by the bears and flashed crimson.
However, as per LunarCrush’s newest replace, FTM holders might have a major purpose to rejoice. As of 4 July, Fantom’s FTM was named the coin of the day. FTM’s social and market efficiency had been the driving elements for FTM’s newest replace.
Moreover, FTM’s Galaxy Rating stood at 38.5/100.
Tuesday, 4 July 2023. Fantom is Coin of the Day on LunarCrush! $ftm was mechanically chosen primarily based on main mixed social + market efficiency.
Galaxy Rating™ 38.5/100
AltRank™ 468/4479View real-time #fantom metrics at https://t.co/ycuaEXG7Q2 pic.twitter.com/ff5KjHvpW5
— LunarCrush (@LunarCrush) July 4, 2023
Learn Fantom’s [FTM] Worth Prediction 2023-24
A sluggish march towards the bulls…
Information from the intelligence platform Santiment confirmed that FTM’s community progress (yellow) did witness an increase for the reason that starting of June. Though at press time, the community progress stood at 184, it did witness a drop from the highs of 394 over the past two days. This wasn’t an excellent signal for the community.
Moreover, FTM’s growth exercise (purple) rested at 0.964. The excellent news with the event exercise was that it witnessed an increase from the lows it noticed on the finish of June. One other metric that did witness some enchancment was FTM’s weighted sentiment (crimson).
Though at press time FTM’s weighted sentiment stood at -0.852, it was an uphill climb from the -1.46 it noticed on 12 June. An increase within the weighted sentiment indicated that the market’s sentiment was handing over favor of the altcoin.
Supply: Santiment
The place there’s a bull, there’s a approach…
A have a look at FTM’s worth motion confirmed that the bulls had been in favor of the altcoin. This was as a result of though FTM traded 1.22% decrease than its opening worth, FTM’s indicators favored a constructive motion. On the time of writing, FTM’s Relative Power Index (RSI) stood at 56.02.
This indicated some shopping for strain out there. Nevertheless, the titled place of the RSI might imply that FTM’s RSI might see some promoting strain as nicely. Moreover, The Transferring Common Convergence Divergence (MACD) moved above the zero line at press time. The excellent news was that the MACD line (blue) was shifting above the sign line (crimson). This was a robust bullish indication.
Lifelike or not, right here’s FTM market cap in BTC’s phrases
Moreover, the Chaikin Cash Move (CMF) too stood at 0.17. The CMF above the zero line indicated that FTM stood able of power on the time of writing.
Supply: TradingView
Nevertheless, merchants should train warning owing to FTM’s worth motion over the previous couple of days. As per knowledge from CoinMarketCap, FTM’s seven-day efficiency solely noticed the token surge by 1.24%. Moreover, over the past 24 hours, FTM’s worth dropped by 0.76%.
