Gemini

Fantom

Coin

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/fantoms-ftm-coin-soars-yielding-massive-gains-for-a-crypto-whale" rel="noopener noreferrer nofollow">Fantom’s FTM Coin Soars, Yielding Massive Gains for a Crypto Whale</a><br></p>
<p style="text-align: justify">The blockchain platform Fantom, created in 2018 and known for its smart contract capabilities and high transaction throughput, recently recorded a sharp increase in the value of its native token FTM. The altcoin witnessed a spike exceeding 30%, translating into considerable profits for a prominent crypto investor. This price hike has garnered the attention of the market, pointing to a surge in investor interest and potentially setting up the token for further gains.</p>
<h2 id="significant-profits-for-a-crypto-investor">Significant Profits for a Crypto Investor</h2>
<p style="text-align: justify">The appreciation in FTM’s value, with prices crossing the $0.74 mark, has placed the altcoin in the spotlight among the investment community. Data from on-chain analytics firm Spot On Chain revealed that a recent substantial investment in FTM by a crypto whale, identified by the address starting with 0xdf8, has resulted in a profit windfall. This investor acquired 4.71 million FTM tokens at an average cost of $0.57 apiece, totaling around $2.69 million, via transactions conducted on the Gemini and Airswap exchanges within the past 48 hours.</p>
<h2 id="potential-future-for-ftm-s-price-movement">Potential Future for FTM’s Price Movement</h2>
<p style="text-align: justify">The investment has now seen an unrealized profit margin upward of 22%, pushing the crypto whale’s potential gains above $600,000. Should the token’s price trajectory continue its ascent, this figure could quickly escalate to a million dollars. Market analysts are keenly observing the fundamentals and trends surrounding Fantom to predict the coin’s next moves.</p>
<p style="text-align: justify">Technical analysis suggests that the token is encountering resistance near the $0.6904 level. A successful breakout could pave the way for a rise to the $0.8609 mark, and clearing this hurdle may open a path to the $1.628 milestone. Conversely, a bearish downturn could see FTM fall back to strong support levels, with possible declines to the $0.5565 or even down to $0.5044.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/fantoms-ftm-coin-soars-yielding-massive-gains-for-a-crypto-whale" rel="noopener noreferrer nofollow">Fantom’s FTM Coin Soars, Yielding Massive Gains for a Crypto Whale</a></h5>

Fantom’s FTM Coin Soars, Yielding Massive Gains for a Crypto Whale

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