Fantom (FTM) crypto price recently crossed the $1 mark, fueled by its growing utility and a favorable market sentiment shift. Unlike the 2021 rally dominated by speculation, this surge highlights investor focus on blockchain use cases. Furthermore, it boosts platforms like Fantom over meme coins.
However, since ecosystems evolve, FTM might have further potential to grow as interest in secure and efficient decentralized finance (DeFi) solutions is rising.
Fantom’s TVL and Metrics Highlight Growth and Stability
Even as Fantom falls below historical peaks, active users remain involved with $131.01 Million in Total Value Locked (TVL). Stablecoins form a large part of its ecosystem activity, with a market cap of $320.62 Million, that provide liquidity and utility in volatile conditions
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Trading volume in the past 24 hours recorded $72.46 Million, and with inflows of $3.17 Million, it shows that investors are cautiously optimistic. The FTM token is currently priced at $1.07, with the support of a market cap of $2.99 Billion.
These metrics show confidence in Fantom’s valuation, as most tokens are already circulating. Related projects have attracted developer and investor attention, raising $50 Million and setting a foundation for recovery.
FTM Price Technical Indicators Suggest Strong Momentum
Fantom’s recent rally is supported by technical strength, reflected in a golden cross between its 13-day MA and 49-day MA. This confirms the bullish signal seen earlier in November and implies the possibility of sustained positive momentum.
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However, 13-day MA at $0.87 and 49-day MA at $0.74 are the current support for Fantom. Resistances lie at $1.1364.
MFI at 85.35, signals strong buying pressure or overbought territory. It’s indicative of high demand but also a correction in the shorter term.
If FTM continues to rise above $1.14, new psychological levels around $1.20 may be tested, while further upside would depend on further bullish sentiment in the market.
Ecosystem Developments Drive Growth Prospects
Fantom’s migration to Sonic could greatly increase scalability, transaction throughput, and the overall user experience. Sonic is targeting more than 10,000 transactions per second and sub-second finality.
Furthermore, all these upgrades are expected to enhance the usability of FTM, thus attracting developers and investors to the ecosystem.
Neptune Digital Assets and other companies intend to capitalize on this potential by expanding their FTM holdings and using innovative derivative strategies. Neptune’s usage of put options could signal confidence in Fantom’s growth. This is because Neptune could acquire tokens strategically and earn returns simultaneously.
Fantom Crypto Outlook and FTM Price Projections
For Fantom to continue on the upward trajectory, subsequent ecosystem updates and market conditions are key to its performance. Analysts have forecasted that in 2025, FTM price may range from $0.8622 to $3.69 and around $1.904 as the average price.
By November 2025, it is expected to be particularly bullish, with the possibility of a 247% increase compared to current levels.
Investors are monitoring the network’s progress and market dynamics for further opportunities.
Source: https://www.thecoinrepublic.com/2024/11/28/fantom-surges-past-1-whats-next-for-ftm-price/