Summary
TLDR: Fantom (FTM) hodlers are unfazed by market corrections and FUD, with the token seeing a 13.7% spike in the past 24 hours. This performance is attributed to anticipation surrounding the upcoming Sonic network upgrade, which is expected to boost transaction speeds. The new Fantom Virtual Machine (FVM) is also attracting attention, potentially increasing network adoption. FTM has been on a bullish streak since late January, with technical indicators suggesting continued growth. The coin is currently testing a pressure zone between $1 and $1.10, with support around $0.90 and potential resistance at $1.5.
Key Points
1. Fantom (FTM) hodlers are demonstrating a Zen mindset by ignoring market corrections, FUD, and negative news in the current market scenario.
2. Fantom, launched in 2018, competes with Ethereum as a Layer 1 protocol and utilizes the Lachesis Protocol to enable multiple execution chains.
3. FTM has experienced a significant 13.7% spike in the last 24 hours, making it the best-performing token among the top 100 by market capitalization, showcasing a bullish trend and outperforming other tokens in the market.