The price of Fantom (FTM) cryptocurrency recently crossed the $1 mark, fueled by its growing utility and a favorable market sentiment shift.
Fantom’s TVL and Metrics
Even as Fantom falls below historical peaks, active users remain involved with $131.01 million in Total Value Locked (TVL). Stablecoins form a large part of its ecosystem activity, with a market cap of $320.62 million, providing liquidity and utility in volatile conditions. Trading volume in the past 24 hours recorded $72.46 million, with inflows of $3.17 million, showing cautious optimism among investors. The FTM token is currently priced at $1.07 with the support of a market cap of $2.99 billion.
FTM Price Technical Indicators
Fantom’s recent rally is supported by technical strength, reflected in a golden cross between its 13-day and 49-day moving averages (MA), confirming the bullish signal seen earlier in November. This implies the possibility of sustained positive momentum. However, 13-day MA at $0.87 and 49-day MA at $0.74 are the current supports for Fantom, while resistance lies at $1.1364. Money Flow Index (MFI) at 85.35 signals strong buying pressure or an overbought territory, indicating high demand but also a potential short-term correction.
Ecosystem Developments and Growth Prospects
Fantom’s migration to Sonic could greatly increase scalability, transaction throughput, and the overall user experience. Sonic is targeting more than 10,000 transactions per second and sub-second finality. Furthermore, all these upgrades are expected to enhance the usability of FTM, thus attracting developers and investors to the ecosystem. Neptune Digital Assets and other companies aim to capitalize on this potential by expanding their FTM holdings and employing innovative derivative strategies. Neptune’s use of put options could signal confidence in Fantom’s growth, as they can strategically acquire tokens and earn returns simultaneously.
For Fantom to continue its upward trajectory, subsequent ecosystem updates and market conditions are key to its performance. Analysts forecast that by 2025, the FTM price may range from $0.8622 to $3.69, with an average around $1.904. By November 2025, it is expected to be particularly bullish, with a possibility of a 247% increase compared to current levels.
