Fantom (FTM) is preparing for the big race, according to TOP analysts

Prominent analyst Guy said Fantom’s strong fundamentals could push it to another big rally.

In one Video He recently announced to his 1.55 million YouTube subscribers that FTM, the native token of the Fantom smart contract platform, still “has room to grow” despite its 18,407% increase over the past year.

Guy said

“That’s because Fantom’s market capitalization is in the mid-range and its fundamentals are significantly stronger than most of the cryptocurrencies currently ranked above it.

FTM’s Tokenomic is also very powerful. The allocation of FTM to first-time investors, founders and consultants was completed last November. “

FTM is trading at $ 2.67 at press time and is down more than 7% over the past week, according to CoinGecko.

Daily FTM / USDT Chart | Source: TradingView

Guy noted that the amount of FTM currently circulating came from staking rewards.

“It generates around 500,000 FTM per day, which corresponds to a daily sales pressure of almost 1.5 million US dollars. This selling pressure is easily absorbed by Fantom users and investors as the demand for FTM grows. “

The crypto analyst also pointed out that more than half of the total circulating FTM supply is being staked out.

“And I’m sure that more than 50% of the offer has been staked out. This decline in circulating supply further increases FTM’s upside potential.

On top of that, FTM has a maximum supply of 3.175 billion, which means that inflation won’t have too much of an impact on price developments.

Guy predicts that Fantom will rise 100% to 200% in the rest of the bull market.

You can see the FTM prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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