Fantom Rallies as TVL Reaches All-Time High, Key Price Level in Sight
The Fantom blockchain’s native FTM token has seen a strong rally in the market over the past week, with the move accelerating further over the past 24 hours - as the price closes in on the key USD 3 mark for the first time since November.
At 14:32 UTC on Tuesday, FTM stood at USD 2.96, up nearly 15% over the past 24 hours and nearly 35% over the past 7 days.
The moves follow a sharp reversal from an overall bearish to bullish trend around December 20, which has brought the price from USD 1.3 that day, to a daily high close to USD 3 today – a gain of more than 120%.
FTM’s all-time high is USD 3.48, reached on October 28 last year.
90-day price of FTM:
The recently strong price gains come as activity on the Fantom network is also picking up.
Accor
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