Analysis

FTM soars by 10% after Fantom integrates with Ledger Live


  • FTM has been the perfect performer amongst the highest 100 cryptocurrencies by market cap within the final 24 hours.

  • The rally comes after Fantom introduced its integration with Ledger Stay. 

  • FTM might rally towards the $0.270 resistance degree within the close to time period.

Fantom integrates with Ledger Stay

FTM, the native token of the Fantom blockchain, is the perfect performer amongst the highest 100 cryptocurrencies by market cap to date at this time. It has added 10% to its worth within the final 24 hours. 

The rally comes after the Fantom Basis introduced that Fantom had built-in with Ledger Stay. 

Ledger is likely one of the main {hardware} pockets producers within the cryptocurrency house. This newest cryptocurrency information implies that customers can now ship, obtain and examine their FTM straight by way of the Ledger Stay app.

The broader crypto market has been performing properly since its poor begin to the week. The whole crypto market cap is now above $850 billion after including 2% to its worth over the previous few hours.

Bitcoin can be up by greater than 2% within the final 24 hours. At press time, the worth of Bitcoin stands near the $17k resistance degree. 

Key ranges to observe

The FTM/USD 4-hour chart is bullish, as Fantom has been performing properly in the previous few days. Technical indicators present that FTM is outperforming the broader cryptocurrency market.

With the MACD line above the impartial zone, bulls are presently accountable for the Fantom market. Moreover, the 14-day relative energy index (RSI) of 84 signifies that FTM may be very near coming into the overbought zone.

At press time, FTM is buying and selling at $0.2395 per coin. With the bulls nonetheless in cost, FTM might surge previous the $0.270 resistance degree within the coming hours. 

Nevertheless, FTM would wish the assist of the broader cryptocurrency market to interrupt previous the $0.30 resistance degree for the primary time in almost one month. 

The place to purchase Fantom now

eToro

eToro affords a variety of cryptos, akin to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.

Purchase FTM with eToro at this time

Binance

Binance is likely one of the largest cryptocurrency exchanges on this planet. It’s higher suited to extra skilled buyers and it affords a lot of cryptocurrencies to select from, at over 600.

Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, akin to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.

Purchase FTM with Binance at this time



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