Fantom Hackathon Sparked Community Interest
– The AWS Fantom Hackathon in Q2 2023 had 1,114 participants
– Developers competed for a prize pool of over $300,000
– Heroicus won first place and received $10,000
– The participation shows rising interest in the Fantom ecosystem
– Positive price performance for FTM is expected
Fantom Unveils the Wallet 1.2
– Fantom released wallet version 1.2 with upgrades
– Upgrades include governance accessibility, software key exports, Wallet Connect v2, and Send to custom domains
– Users can now transact with FTM tokens more easily
– Improves the user experience on the Fantom network
Fantom Gas Monetization Program Will Unlock Network’s Potential
– Fantom reduced its burn rate from 20% to 5%
– The 15% reduction moved to Gas Monetization
– 21 dApps are participating in the program, earning over 82,734 FTM
– Additional bonuses and rewards are being offered to participants
– The program aims to reward high-quality dApps and support the network
Fantom Price Analysis
– FTM/USD is in a sideways trend
– Resistance at $0.2489 and support at $0.2318
– Trading below the 50-day and 200-day SMA, indicating a bearish sentiment
– RSI in the neutral zone, suggesting a possible upside break
– MACD confirms the return of the bulls
Is WSM an FTM Alternative That Could Reward Investors
– WSM is a meme coin with over 1 million community members
– Each token is currently worth $0.0331, but the price will increase to $0.0334
– Presales have raised over $22.84 million
– Users can purchase WSM with ETH, USDT, or bank cards
– Early investors may benefit from a potential price surge when it lists on exchanges
Hot Take
The Fantom ecosystem continues to attract attention with its Hackathon and wallet upgrades. The Gas Monetization program also shows promising potential for the network. However, the price analysis suggests caution as FTM is currently under bearish pressure. Investors may also consider the potential of WSM as an alternative investment. Overall, the crypto market remains dynamic and offers opportunities for those willing to navigate its fluctuations.
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