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Sam Cooling
Author
Sam Cooling
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Is Fantom Crypto the New Solana? With FTM price surging by +8.6%, top crypto influencer Ansem has zeroed in on the Fantom trade – here’s why.
This article explores the latest Fantom price trends to determine if FTM’s recent gains make it the best money-maker in the September market or if other opportunities might prove more lucrative.
As traders gear up for the week, the market is grappling with Bitcoin’s pivotal $60,000 price level.
This tension is set against the backdrop of one of 2024’s most awaited financial events – the upcoming FOMC meeting, where a significant interest rate cut is expected, the first since the COVID-19 pandemic.
As rumors swirl about Bitcoin’s potential response – with some predicting a sell-the-news event despite bullish on-chain signals from Reserve Risk and Net Unrealized Profit Loss – it seems that many are overlooking the broader implications.
Yet, one prominent trader, Ansem (blknoiz06), is clearly locked in after revealing a damning image of Fantom’s insane price gains relative to Bitcoin’s struggling upside moves.
With such a big name in the space targeting the rally, let’s dig in and take a closer look.
FTM Price Analysis: Could Fantom Crypto Really Outperform BTC?
As Fantom continues to outperform Ethereum relative to Bitcoin, the story continues in the FTM price chart, with Fantom currently trading at a market price of $0.52 (representing a 24-hour change of +3.34%).
This follows a significant bullish shift in technical strength on September 8, which initiated a period of bullish price growth after a ‘golden cross’ formed between the 20-day moving average (20DMA) and the 200-day moving average (200DMA).
Over the past week, there has been a phase of tight consolidation, with FTM price action solidifying a strong base above the 20DMA, fluctuating between $0.4 and $0.5.
It appears bulls have now gained a firm grip, with price action exploding out above $0.5 after a dip down to retest support from an aggressively ascendant 200DMA.
With $0.575 forming the next likely stop, a glance at the RSI reveals remaining upside capacity despite minor bearish divergence at 62.65.
Confidence is also growing in Fantom’s upside momentum, with the MACD highlighting growing divergence at 0.0018.
Overall, this paints a snapshot of growing market confidence, with Fantom price leading the charge into the emerging alt-season ahead of this week’s FOMC.
To the upside this week, Fantom bulls are targeting an upside move to $0.575 (a possible +9.69%), while bears are betting on a return to 20DMA support at $0.50 (a potential -4.62%).
This suggests an overall risk: reward ratio of 2.1 for the week ahead, a strong entry with good confidence.
Yet, with only a modest potential gain of 9.69%, this offers little attraction for high-octane retail traders in search of more substantial returns. However, there are numerous other trading opportunities with the potential of just that.
Could Pepe Unchained Be a Better Option Than Fantom?
While Fantom is catching the attention of viral trader Ansem, another trend is taking center stage after being spotlighted by famous Dogecoin millionaire ‘SlumDOGE’ – Pepe coins.
With SlumDOGE alleging that literally anything in the ‘Pepeverse’ will pump, it comes as little surprise that the biggest meme coin presale in crypto right now has just cranked into 6th gear.
Pepe Unchained’s $PEPU presale has already unlocked viral velocity after it surged to smash $13M last Friday, the fundraiser rapidly closing in on $13.5M ahead of the next incremental price increase.
PEPY’s success may be due to the fact that, in addition to having the appearance of a meme, it also has an important utility: it is a Layer-2.
For those who don’t know what L-2s are, they are built on top of Layer-1 and aim to improve scalability and reduce the costs of Layer-1.
PEPU aims to become a hub for launching and trading new meme coins due to its lower fees and faster speed than Ethereum, a Layer-1 – a true ecosystem for all-things ‘PEPE’ – making it a natural bet.
$PEPU token powers the entire ecosystem, and by staking your $PEPU tokens, you can earn passively with a current APY of 153%. The price is currently $0.0097284 per token until the next increase.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
