29 Jun Fantom (FTM) Price Skyrockets in 2022, Nearly Reaches ATH
Fantom (FTM) was released in Q4 of 2018 with the goal to be a decentralized platform for gamers. The FTM token is an ERC20 token and players can earn it through playing games on Fantom’s network, as well as by hosting their own game servers in the future.
Fantom (FTM) is a cryptocurrency that was created in 2017. The price of this coin has skyrocketed in 2022, nearly reaching an all-time high.
With its 2018 introduction, Fantom (FTM) is not a particularly new currency. However, throughout the most of its life, its price stayed close to its value at debut, which was around Fantom (FTM) is not a particularly young coin, being launched in 2018. However, for most of its existence, its price did not stray far from its value at the moment of launch, which was around $0.024. However, that sharply changed in early 2021..024. Early in 2021, things abruptly altered, however.
The second part of January 2021 marked the beginning of the coin’s growth. Then, in February, it shot up dramatically, achieving an ATH of The coin started to grow about a year ago, in the second half of January 2021. It then skyrocketed in February, reaching an ATH at $0.65. However, the resistance at $0.5 was not fully broken, and before long, the coin found itself below it, where it remained until the final days of April..65. Although the barrier at The coin started to grow about a year ago, in the second half of January 2021. It then skyrocketed in February, reaching an ATH at $0.65. However, the resistance at $0.5 was not fully broken, and before long, the coin found itself below it, where it remained until the final days of April..5 was partially overcome, the currency soon fell below it and stayed there until the last few days of April.
The currency reached a new ATH of By mid-May 2021, the coin hit a new ATH at $0.9, only to drop back to $0.2, where it remained throughout the summer, with slight oscillations. Fantom then started surging again in late August and early September, first hitting an ATH at $1.66 on September 9th, and then skyrocketing further to $3.13 on October 26th..9 by mid-May 2021 before falling down to By mid-May 2021, the coin hit a new ATH at $0.9, only to drop back to $0.2, where it remained throughout the summer, with slight oscillations. Fantom then started surging again in late August and early September, first hitting an ATH at $1.66 on September 9th, and then skyrocketing further to $3.13 on October 26th..2, where it stayed throughout the summer with just minor fluctuations. Later, in late August and early September, Fantom began to rise once again. On September 9 it reached an all-time high of $1.66, and on October 26 it soared even higher to $3.13.
The currency only slightly beat its most recent record after a short drop, but it still reached a new high on November 8 by rising to $3.16. By mid-December, the coin had fallen to $1.26 due to the subsequent market meltdown, but in the last few days of the month, it began to rise again, and by the end of the year, it was trading for $2.25.
In 2022, FTM will continue to rise.
The price of Fantom kept rising as soon as 2022 began. In fact, despite the holidays and the start of the new year, it never truly stopped.
The currency was back at $2.6 at the start of January 2nd, and this price level turned out to be a powerful resistance that actually rejected its price, driving it down to $2.50 later that day. After reaching $2.6, the coin made another recovery effort, which was once again rejected. This time, FTM fell to $2.4, and from that point, it saw a significant rally.
Despite experiencing a little rejection after hitting $2.7, the rally helped it to easily pass past the barrier at $2.6. Nevertheless, this obstacle was overcome rather soon as well, and the currency continued to soar until it hit $3 on January 4 in the late afternoon.
Now, $3 was a significant barrier that the currency battled to break for more over 24 hours, but it eventually succeeded on January 5th. It didn’t achieve its previous ATH, but it came close by increasing to $3.12. But after reaching this point, the price fell to a support level of $2.7.
Fantom recovered to $2.9 before falling back to the same support. Late on January 6th, it even managed to get above $3 before being rejected once again at $2.7. Around January 8, however, things started to go south as the coin’s price fell to $2.26 and it reverted to January 1st levels. In reality, it temporarily fell to $2.23 before rising again to $2.5 on January 9 and then falling again to $2.2 on January 10 and 11.
The currency had a significant and quick rebound that brought its price from $2.2 on January 11 to $3.12 on January 13. Again, not enough to get the currency to its previous ATH, but very near. The currency fell from this level to $2.9 on the previous day before rising once again to $3. Its community is waiting to see which direction the price will go in as of this writing, when it is sitting at $3.01.
Visit our Investing in Fantom article to find out more about this cryptocurrency.
In 2022, the price of Fantom (FTM) reached a high of $1,000. This is nearly double the current value and it has been speculated that this may be possible. Reference: can fantom reach $1,000.
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