Fantom (FTM) Breaks Bearish Trend With a 195% Surge

• Fantom (FTM ) price surged over 30.5% in the last 7 days.
• Fantom market cap increased by around 10% in just a day.

Fantom, a decentralized smart contract platform for DApps native cryptocurrency FTM, price rallied over 103% in the previous 14 days and 195% in a month. At the time of writing, Fantom traded at $0.6302, climbing by 11% from the last day. And FTM had a market cap of $1.7 billion and 24 hours trading volume of $742 million, which increased by around 10% and 25% in the last day, as per CoinGecko.

Fantom’s Bull Run Started?

In the wake of the crypto exchange FTX collapse, the whole cryptocurrency market sets a bullish trend as the king Bitcoin price surges with 5th week of a green candle in a row. BTC traded at $23,561, which rose by 42% from the preceding month. However, after three months, the global crypto market cap reached the $1.12 trillion range. And other Altcoins also indicate great hikes in their price.

Undoubtedly, Fantom (FTM) is one of the coins on the market that witnessed a massive surge in January. From January 1 to the time of this writing, FTM rallied over 185% on a daily basis. After nine months, FTM was trading around $0.6302, a range that the asset was at in May 2022. However, Fantom is still significantly lower than its high of $3.46, which is recorded on October 28, 2021.

Further, Fantom buzzed on social media with its new updates and significant price changes same as Bitcoin, like a five-week straight green candle in the chart. And the crypto community strongly supported Fantom’s gas monetization program. The program provides high-quality decentralized applications (dApps) with a sustainable income. 

Moreover, the second largest crypto Ethereum (ETH) price soared by around 36% in a month. Also, other altcoins such as Polygon (MATIC) and Solana (SOL) surged along with memecoins Dogecoin (DOGE) and Shiba Inu (SHIB).