Fantom Keeps Close Eye On Possible 20% Slide This Month

Fantom (FTM) has been moving on a brisk bullish pace at a particular range for four months now following a sharp descent in May. FTM price is up 2.21% Token moving bullish but has slipped mid-range in the past couple of days Bears poised to dominate, buying spree not advisable at this point However, it seems the price has abated and moved below the range's mid-point as seen in the past couple of days.

Timeline of Fantom

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Fantom has traded within a range since the sharp drop in early May.

When everyone else is scared, that's the best time to become greedy. Up until this point in 2022, the streets have seen a significant amount of bloodshed. Most alternative currencies' prices have fallen between 75% and 90% from their peaks at the end of 2021.

They say the best time to become ambitious is when everyone else is afraid. The saying goes, “buy while there's blood in the streets.” So far in 2022, the streets have been ravaged by bloodshed. Most cryptocurrency prices have fallen by 75% to 90% since their highs at the end of 2021.

The announcement of a Paladin audit for Uniglo (GLO) is excellent news for the project and will likely result in a significant price increase. The audit will give the project more legitimacy since a reputable company is undertaking it.

There's one cryptocurrency that has everyone talking right now, and that's Uniglo. It's got a ton of potential to make you wealthy, and some argue even more so than other altcoin stalwarts like Fantom and Near Protocol.

Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week. Fantom treads the bearish route as negatively impacted by the crash of the crypto market FTM social metrics down Fantom records over 300,000 active weekly users The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline.

In its latest “Weekly Recap Week,” report, Fantom revealed that it was impacted by the bearish sentiment of the cryptocurrency market in the last week as it suffered some on-chain decline. According to the information provided, between 11-18 August, the network logged 310,000 weekly active users.

According to a recent report, Gnox's KYC and audit performed by Solidproof instill confidence in investors. According to the report, the company's compliance with KYC and audit requirements helps to build trust with investors and gives them a sense of security. Solidproof is a market leader in digital identity and KYC solutions.

Non-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week's overall sales. This week's NFT sales managed to jump over 6.3% after recording more than $153 million in sales compared to last week's $144 million.

The ever-growing Web3 space is continuing to find supporters in the market to make sure that it prospers into the next big thing. In fact, this is one space that is driven by the likes of Fantom.