FTM 24-Hour Price Skyrockets — Fantom Ready for a Bull Run?

Almost all major cryptocurrencies are shooting up the ladder with Bitcoin leading the way for a March bull run. The market seems ready to launch into another parabolic trend we witnessed around October 2021. Fantom (FTM) is one coin gearing to overturn the incessant bear in the last three months.

Sitting as the 30th most valuable crypto in the world, FTM has just reached a new 24 hours ATH of $2.07, as per data from CoinGecko. Despite the current turbulence in the markets, FTM remains committed to breaking new boundaries as seen today.

FTM/USDT is heading skyward, gaining almost 12.07% in the last 24 hours as its community rallies over the decentralized finance sensation. It is no surprise that Fantom is attracting momentum as it has been one of the major projects most crypto analysts are bullish on.

The chart above predicts a $3.7 end-of-the-year mark if all things go well in the coming weeks or even months for the coin. However, with the present circumstance, the Fantom community can at least hope for $2.8 if it breaks its current resistance level of $2.5.

With the network’s aggressive performance, the future looks good for Fantom. Infact, the time for a higher price movement may come sooner than expected as more projects continue to eye Fantom. 

The market is watching to see how much FTM will perform this year since it has risen 249.7% in the past year. Whether this is a beginning of an uptrend or just a momentary price gain is only a question that can be answered in the coming days.