Fantom (FTM) Continues to Fall in the Crypto Market
Fantom (FTM) is experiencing a decline in its price in the crypto market. As of August 23, the coin’s price is $0.2021, showing a bearish trend. Despite an increase in trading volume, concerns arise about the future of smart contracts.
Key Points:
- FTM has declined by 20.3% in the past 30 days, 15.3% in 14 days, and 9% in the last seven days.
- The general market sentiments, including the drop in Bitcoin’s price, have contributed to Fantom’s decline.
- News of Multichain’s CEO arrest and the closure of SpiritSwap’s DEX platform have further impacted investor sentiment.
- Short and long-term technical analysis may provide insights for investors.
- FTM is currently in a fallen wedge trading pattern, indicating a potential shift from a downtrend to an uptrend.
Hot Take:
Fantom’s recent decline raises concerns about its future performance. The negative market sentiments and setbacks in the ecosystem have contributed to the decrease in price. However, technical analysis suggests a potential reversal in the trend. Investors should carefully consider market factors before making any trading decisions.
Super Speed Sonik Coin ($SONIK) Leading the Meme Coins Race
Despite the struggles in the crypto market, a newcomer called Super Speed Sonik Coin ($SONIK) has secured significant investments. With features like staking and a stake2Earn utility system, Sonik Coin aims to attract investors. The ongoing presales show promising results, and the coin’s performance is comparable to other successful meme coins.
Key Points:
- $SONIK has raised over $355,000 in investments and offers staking opportunities for token holders.
- The presale aims to raise $2,098,547 with a stable price of $0.000014 per token.
- 40% of the tokens are allocated for staking processes, 10% for liquidity, and 50% for presales.
- The presale countdown timer helps investors track the progress.
Hot Take:
Super Speed Sonik Coin ($SONIK) shows promising potential in the meme coins race. With its staking options and ongoing presales, it has attracted significant investments. Investors should keep an eye on its performance and consider participating in the presales before the coin is listed on the Uniswap DEX.
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