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Fantom may be looking at an uphill climb in the near-term; here’s why
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The past few weeks have been nothing less than a roller coaster ride for Fantom. Since October, every uptrend has more or less been followed by a downtrend and vice versa.
However, this time around, things have been a little different. December has been quite merciless to most of the coins. FTM, in effect, wasn’t spared either. In fact, at press time, this alt was seen trading at a value that was half of its $3.41 high.
With respect to fundamentals, things seemed to be quite disappointing for Fantom. Consider this – the aggregate value of assets locked up on Fantom’s protocol witnessed a steep 4-fold incline in October. Post that, in November, the value managed to create a new high, slightly above the previously pre-set level only to dunk in
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