Fantom (FTM) is an altcoin that has attracted the attention of investors recently. Factors such as Andre Cronje joining the team, the activation of the Sonic network and the low number of coins contribute to the rise of FTM. In this article, we will examine the possibility of FTM reaching $100.

Factors Supporting the Uptrend:

  • Andre Cronje: The joining of Andre Cronje, a well-known name in the DeFi field, to the Fantom team increased investor confidence. It is believed that Cronje will contribute to the development of Fantom and take the project further.

  • Activation of Sonic Network: Developed alongside the Fantom Opera main network, the Sonic network will expand Fantom's usage areas by offering faster and cheaper transactions. This will increase the demand for FTM.

  • Low Number of Coins: The circulating supply of FTM is relatively low. This allows the price of the coin to rise faster.

  • TVL Effect: Total value locked (TVL) in Phantom has been increasing lately. This shows the interest of investors in the project. The increase in TVL will also increase the price of FTM.

  • Decrease in Supply in Major Stock Exchanges: The fact that FTM is listed on major exchanges such as Binance and Coinbase and that investors can easily access it increases the demand for FTM. The decrease in supply on major exchanges will also contribute to the rise in price.

  • Coinbase Listing: Listing FTM on Coinbase will further increase interest and investment in the coin. Coinbase is one of the largest cryptocurrency exchanges, and listing a coin increases the trust and demand for that coin.

FTM Reaching $100:

Considering the factors mentioned above, it is not impossible for FTM to reach $100. However, this is subject to some conditions. For FTM to reach this level:

  • General Cryptocurrency Market Situation: The general rise of the cryptocurrency market will help FTM to rise as well.

  • Development of FTM: The Fantom team's continued development of the project and offering new areas of use will keep the interest in FTM alive.

  • Investor Interest: Increased investor interest in FTM and continued buying pressure may push the coin to $100.

Conclusion:

FTM is a coin that has the potential to reach $100. However, this is subject to some conditions. For FTM to reach this level, the overall cryptocurrency market must be on the rise, FTM must continue to develop, and investor interest must increase.

Not Investment Advice:

This article is not investment advice. We recommend that you do your own research and consider the risks before investing.