On this advanced list of cryptocurrencies, FTM has the greatest market valuation of any token. This remarkable increase occurs shortly after Fantom's purposeful incorporation with Ledger Live.
The FTM coin is now trading at $0.2395, and with the bulls firmly in charge, it appears as FTM may break past the $0.270 barrier mark.
Fantom blockchain's popular and growing native token, FTM, has outrun some of the top cryptocurrencies according to a recent market analysis. FTM has the highest market capitalization of any token on this sophisticated list of cryptocurrencies.In the last couple of hours—24 hours to be precise—FTM has increased in value by a whopping 10%.
Interestingly, the rally comes just moments after the Fantom Foundation divulged Fantom's strategic integration with Ledger Live.
Read: $ADA: Number of Smart Contracts Deployed on Cardano Grew 100% Year-to-Date
The integration with Legder Live has strengthened and continues to strengthen FTM's position in the cryptocurrency ecosystem. Ledger is an amazing hardware wallet manufacturer, and it is currently one of the leading manufacturers in the cryptocurrency ecosystem.
With the new collaboration with FTM, it implies that users have access to other features they did not have prior to this. For instance, users can now send, receive, and see their FTM directly via the Ledger Live app.
Though the year has been a terrible and devastating one for cryptocurrency hopefuls, as the market appears unable to fully recover from the bearish stripes, the general crypto market this week has been doing well regardless of its underwhelming start.
The total market capitalization is over $850 billion after enjoying a 2% increase in value in the last 24 hours.
Bitcoin has enjoyed an increase of over 2% in the last couple of hours. As of the time this post was made, the value of bitcoin was very close to the $17,000 resistance range. The FTM/USD 4-hour chart is yummy with a massive bullish pull due to the overwhelming performance of FTM in the last couple of days.
According to technical analysis, FTM is showing massive strength and outpacing the larger cryptocurrency market with its bullish pull.
Bulls are currently in charge of the FANTOM market because the MACD line is above the neutral area. Additionally, the 14-day RSI of 84 shows that FTM is on the verge of crossing over into the overbought zone.
The price of an FTM coin at the time of publication is $0.2395. In the ensuing hours, FTM might break through the $0.270 resistance level with the bulls still in control.
However, in order to break past the $0.30 barrier level for the first time in almost a month, FTM would require the backing of the larger cryptocurrency market.
