Fantom crypto surges 60% in 7 days, smashes $3B milestone

Fantom [FTM] surges 60% this week, pushing its market cap past $3B. What’s behind this rally in Fantom crypto?

has been one of the standout performers in the cryptocurrency market this week, surging by a remarkable 60% and pushing its market cap above $3 billion. This sharp rally has caught the attention of investors and analysts alike, especially as it coincides with a broader wave of renewed optimism in the crypto space.

The RSI on the daily chart, at 70.93, indicates FTM is now in overbought territory, reflecting strong buying momentum. Meanwhile, the OBV’s steady climb to 182.37M signals consistent accumulation.The rally is largely attributed to Fantom’s growing DeFi ecosystem and recent ecosystem updates, which have rekindled market confidence.

This divergence underscores FTM’s appeal as a high-risk, high-reward asset amid the broader market recovery. However, sustained outperformance will hinge on Fantom’s ability to maintain ecosystem growth and attract long-term institutional interest.While Fantom’s explosive rally reflects strong market interest and ecosystem growth, its sustainability remains uncertain.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fantom surges 20% in 24 hours: Next key levels for FTMFTM is making waves in the crypto market, soaring over 20% in the last 24 hours to trade at $0.8563 at press time.
Read more »

Fantom price prediction – Mixed market signals could push FTM THIS way!Fantom's [FTM] price jumped 6.31% over the past day to $0.6786, boasting a $1.90B market cap and a 24-hour volume surge of 68.26%...
Read more »

Mapping how and why Dogwifhat [WIF] might surge by 60%Dogwifhat [WIF] investors faced a lot of trouble last week as the memecoin’s price dropped significantly on the charts. A pattern on its...
Read more »

Notcoin eyes 60% surge: Will it break the falling wedge at $0.0076?Notcoin (NOT) could see a 60% surge with a bullish wedge breakout above $0.0076, driven by whale dominance.
Read more »

Palestinian officials say death toll from Israeli strike in northern Gaza climbs to 60DEIR AL-BALAH, Gaza Strip (AP) — The Health Ministry in the Gaza Strip says the death toll from an Israeli strike on a building where displaced people were sheltering has risen to 60. Dr.
Read more »

Cardano soars 60% in 7 days – Will this uptrend last?Cardano has showcased impressive performance in the last few days. Though this surge was meteoric, ADA’s latest data suggested a pullback.
Read more »