As Fantom [FTM] touches 8-month lows, here's what to expect going forward

The state of the market is such that every cryptocurrency is seeing the worst fall and the lowest prices they have in weeks, some in months, and in the case of Fantom, years.  The altcoin had managed to mark a new all-time high earlier this year in January but has since been plummeting on the.

Timeline of Fantom

A widely-followed cryptocurrency analyst is expressing bearish sentiment on two Ethereum (ETH)-competing altcoins. Pseudonymous crypto analyst Capo tells his 263,800 Twitter followers that the prices of two layer-1 platforms could fall by over 50% from the current levels. Starting with Fantom (FTM), Capo says that the native token of the smart contract-enabled blockchain is flashing The post Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming appeared first on The Daily Hodl.

It's hard to deny that the first quarter of 2022 really put Fantom [FTM] through the wringer. First Andre Cronje and Anton Nell, senior members at the Fantom Foundation, tweeted that they were leaving DeFi and crypto.

A falling channel pattern governs the current Fantom(FTM) downtrend. The recent bear cycle initiated from the $1.67 has breached the $1 psychological support, registering a 53.8% loss.

With the rapid growth of cryptocurrency, more and more blockchains and tokens come online, with many others routinely updating and innovating. Unfortunately, it can be difficult to keep track of all of them, let alone know which ones to keep an eye on.

Fantom's crypto is crashing today and It is about 79% of its high last October so let's read more in today's altcoin news today. Fantom's crypto FTM Is seeing some major sell-off in today's trading and the crypto was down by 16.5% over the past day.

Fantom (FTM), the native token on the eponymous blockchain, sank to an eight-month low on Saturday as traders appeared to be dumping the token in a flurry of sell indicators. Overnight liquidations of the token also surged to their highest level this year.

The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens.

Deus Finance got exploited for $13.3 million on Fantom and the attack used a flash loan it was the second in two months so let's read more today in our latest cryptocurrency news. The decentralzied finance application Deus Finance got exploited for the second time with the attacker gaining more than $13.4 million of cryptocurrency

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