Fantom (FTM): Will Bulls Break Free Or Bears Deepen The Abyss
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Price Decline and Market Metrics: Fantom (FTM) experienced a significant price drop from its yearly high of $1.22 in March 2024 to around $0.30, leading to a decrease in market cap from $2.91 billion to $1.25 billion, while social engagement metrics remained stable.
On-Chain Activity and Derivatives Data: Despite the price decline, on-chain activity showed growth with increased transactions and exchange inflows; however, bearish sentiment prevailed in the derivatives market, indicated by higher long liquidations compared to shorts.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
