Is It Too Late To Buy FTM? Fantom Price Pumps 26% In A Week On Sonic Network Upgrade And This Crypto Casino Might Be Next To Explode

The Fantom value surged over 26% up to now 7 days to commerce at $0.8798 as of 5:45 a.m. EST.

The FTM value surge adopted the Fantom Basis revealing new particulars on its Sonic Community migration. This transfer is a part of the challenge’s response to scalability points suffered by nearly all of the blockchain networks at the moment out there.

Michael Kong Unveils Sonic’s Launch and Past

TL;DR
Sonic might be used to create a brand new best-in-class shared (decentralized) sequencer for L1 and L2 chains, able to 180M day by day transactions at sub-second finality, and function the muse to relaunch Fantom as a wholly… pic.twitter.com/AFEYxddC09

— Fantom Basis (@FantomFDN) March 25, 2024

By integrating with this “best-in-class” community sequencer, blockchain networks obtain the next throughput. The sequencer is ready to course of 180 million transactions a day with “sub-second finality,” in accordance with the challenge’s workforce.

The Fantom Worth May Break Out Quickly

4-hour chart for FTM/USD (Supply: GeckoTerminal)

The Fantom value tried to beat the resistance degree at $0.9168 over the previous 48 hours. Nonetheless, sellers had been in a position to defend the mark. This led to a correction all through the previous day of buying and selling. FTM is now resting on the $0.8442 assist degree because of this.

The most recent actions by the Fantom value have resulted within the formation of a symmetrical triangle on its 4-hour chart. This specific chart sample means that the altcoin may enter into a robust transfer in both route within the coming 24 hours.

Ought to FTM break down, it’d lose the assist of the aforementioned $0.8442 mark. Merchants may then select to capitalize on this and attempt to pull the crypto’s value right down to as little as the following key assist degree at $0.7779 within the quick time period.

Then again, a bullish surge above the symmetrical triangle would possibly see the Fantom value flip the $0.9168 barrier into assist. A 4-hour candle shut above this main value level may then be recognized as a protracted entry by merchants. This potential inflow of purchase quantity would possibly subsequently push FTM to $0.9736 within the following couple of days.

The Fantom Worth: Purchaser Energy Dropped

Technical indicators on FTM’s 4-hour chart present that bears and bulls are at the moment evenly matched. It does, nevertheless, appear that extra patrons are beginning to enter the altcoin’s charts.

Following the rejection from the $0.9168 resistance, the Transferring Common Convergence Divergence (MACD) line crossed under the MACD Sign line. Merchants often determine this technical prevalence as a sign {that a} crypto has entered a damaging cycle.

In the meantime, FTM’s Relative Energy Index (RSI) indicator on the 4-hour chart exhibits that patrons’ power additionally dropped over the previous 24 hours.

FTM’s bearish state of affairs may quickly change, as each the MACD and RSI are beginning to present bullish indicators. Firstly, the MACD line is rising in the direction of the MACD Sign line. A cross between these two technical indicators within the upcoming 12 hours would possibly sign that FTM has escaped its damaging cycle.

Patrons are additionally beginning to regain a few of the power they misplaced not too long ago, as evident by the constructive slope of the RSI line. What’s extra, the RSI is above 50, which may sign that bulls have the higher hand in opposition to bears. With the constructive slope of the RSI, patrons appear to be rising extra dominant.

After Fantom‘s surge, buyers would possibly take into account shifting a few of their good points into Solana GameFi sensation Mega Cube.

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Mega Cube is a quickly rising world on line casino model that boasts greater than 50,000 gamers. Wanting so as to add to its big selection of on-line betting video games, the challenge launched its personal crypto utility token with the ticker image DICE.

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Not solely will DICE holders be eligible for a large airdrop marketing campaign value greater than $2.25 million, they may even acquire entry to day by day rewards in the event that they stake their tokens. These rewards might be depending on the success of the Mega Cube On line casino. 

With greater than 10k lively month-to-month gamers and over $50 million in month-to-month bets on the platform, DICE buyers stand to earn profitable rewards from the get-go.

Traders Rush To Get In Early On DICE

Traders have already purchased over $1.1 million value of DICE by means of its ongoing presale. Part of the success may very well be as a result of early fowl bonuses up for grabs for anybody who purchases the token throughout its ICO part.

Restricted version NFTS may even be supplied to all DICE buyers. By means of these digital belongings, gamers and buyers will acquire entry to particular privileges and rewards. Alternatively, the NFTs could be traded available on the market as properly.

Given all the rewards and advantages made out there to presale buyers, it’s no surprise that crypto YouTuber Michael Wrubel advised his 312k subscribers that he’s bullish on DICE. 

Anybody wanting to purchase the DICE token at this early stage can accomplish that by means of the easy purchase widget on the challenge’s web site.

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