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Fantom can fall victim to selling pressure as this update looks bearish
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Fantom [FTM] did not manage to follow the current bullish market trend lately, as its price declined in the last 24 hours of press time.
According to CoinMarketCap, FTM registered a daily decline of more than 3%, and at the time of writing, it was trading at $0.5255 with a market capitalization of over $1.45 billion.
This was quite in contrast to Token Terminal’s data- FTM was also on the list of the top blockchains by the lowest P/S ratio, which suggested that the token was undervalued.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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