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Fantom crypto has been surging in price recently. In this article, we take a look at the Fantom price predictions for 2023 and the latest Fantom updates. Looking at Fantom, we can see that over the past month, it has jumped from the lows of $0.19 to $0.40. The previous month made 2X, which is an impressive sight.

Fantom Overview and Updates
Fantom is an open source decentralized application and digital asset smart contract platform that competes with Ethereum. Fantom aims to balance scalability, security, and decentralization to overcome the limitations of previous blockchains. The project provides a comprehensive staking incentive structure, DeFi instruments, and tools to simplify DApp integration.
Michael Kong, CEO of the Fantom Foundation, gave an excellent overview of the Fantom Virtual Machine and its prominence at the largest Web3 conference in Miami Blockchain Week.
1/n
Go-Opera profiling and bottleneck identification pic.twitter.com/sxpz2S6DZn
— Simone Pomposi (@theotherpomp) January 26, 2023
Fantom is a blockchain 3.0 initiative and is the first acyclic graph-based smart contract platform that addresses the challenges of scalability and confirmation time for blockchain projects. They have implemented an ecosystem vault which collects 10% of all transaction fees paid to the network. Applicants can claim funds by creating a Fantom Governance proposal, with an approval rate and quorum of 55%.
Phantom Price Analysis
As of today, January 27, the price of Fantom is $0.462 with a 24-hour trading volume of $1.67 billion, a market cap of $1.18 billion, and a market dominance of 0.11%. FTM prices are rising 54.10% in the last seven days. Fantom hit its high on October 28, 2021 when it traded at an all-time high of $3.47. To buy FTM, we recommend eToro, a safe and regulated crypto exchange.
The FTM has recently had a significant level of resistance overturning, which often occurs around the $0.41 level. Moreover, a bearish divergence is developing. It does have a lower high on the RSI on the daily time frame, so we need to pay close attention to it as we may see some negative moves in the near term. It can also resemble a bearish reversal pattern known as a falling wedge.
Even though Fantom’s price has increased, there are still various initiatives that have the potential for higher profitability. Check out our guide to the best cryptos to buy right now here.
FTM Price Prediction
Looking at FTM, it should hold this key level at $0.37, failing to do so will drop but ideally we would like to see a break of the $0.42 level. On the weekly time frame, we can see it has four consecutive green candles, so we would expect at least an immediate pullback for this particular cryptocurrency. It is also starting to look like a doji candle, indicating that the buying and selling pressure is almost equal.
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