FTM Price Analysis: Could Fantom crypto Really Outperform BTC?
As the crypto market continues to witness volatility, Fantom (FTM) has emerged as a potential contender to outperform bitcoin (BTC). With FTM's price surging by +8.6%, top crypto influencer Ansem has set his sights on the Fantom trade. This article dives deep into the recent price trends of Fantom to assess whether FTM's recent gains position it as the best money-making opportunity in September.
Traders are closely monitoring bitcoin's price at the critical $60,000 level while anticipating the outcome of the upcoming FOMC meeting. The anticipated interest rate cut, the first since the COVID-19 pandemic, adds another layer of complexity to the market dynamics.
Speculation surrounds bitcoin's response to the FOMC meeting, with contrasting views on a potential sell-off despite positive on-chain indicators like Reserve Risk and Net Unrealized Profit Loss. Amidst this uncertainty, prominent trader Ansem has highlighted Fantom's remarkable price gains compared to bitcoin's struggling performance.
With Ansem's endorsement of the Fantom rally, let's explore the potential behind FTM's current momentum.
The Fantom Price Surge
Fantom's recent price surge has garnered significant attention, with FTM currently trading at $0.52, marking a +3.34% change in the past 24 hours. This bullish momentum was initiated by a 'golden cross' formation between the 20-day and 200-day moving averages on September 8.
Following the technical strength shift, Fantom has been consolidating above the 20-day moving average, maintaining a price range between $0.4 and $0.5. The latest price action indicates bullish dominance, with FTM breaching the $0.5 mark after testing support from the ascending 200-day moving average.
Further analysis reveals a potential interim price target of $0.575, presenting a +9.69% upside opportunity for Fantom bulls. Despite minor bearish signals detected in the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), overall market sentiment remains optimistic.
This optimistic outlook reflects growing confidence in Fantom's upside potential, positioning FTM as a frontrunner in the emerging altcoin season leading up to the FOMC meeting.
Could pepe Unchained Be a Better Option Than Fantom?
While Fantom garners attention for its price surge, another trend is capturing the spotlight in the crypto sphere – pepe coins. Famous Dogecoin millionaire 'SlumDOGE' recently highlighted the potential of pepe coins, suggesting significant market momentum within the 'Pepeverse.'
The latest buzz surrounds the presale of pepe Unchained's $PEPU token, which has rapidly gained traction in the market, surpassing $13 million in funding. As the fundraiser approaches $13.5 million, the enthusiasm for pepe Unchained continues to grow.
pepe Unchained's success can be attributed to its utility as a Layer-2 solution on the ethereum network. L-2 solutions aim to enhance scalability and reduce transaction costs on Layer-1 blockchains, making them an attractive proposition for traders and investors.
PEPU token, the native asset of pepe Unchained, powers the ecosystem and offers users the opportunity to earn passive income with an impressive APY of 153%. With a current token price of $0.0097284, pepe Unchained presents itself as a promising alternative investment option for those seeking exposure to meme coins and Layer-2 technologies.
As the crypto market continues to evolve, Fantom and pepe Unchained emerge as compelling investment opportunities, each offering unique value propositions for traders and investors.
