FTM is correcting after a strong rally in July and August but the selling is decreasing so we can expect a further rally to the areas of $0.7, $0.9-1 in September. But if it loses $0.45 zone then it will continue to fall back to $0.35 zone

🔴Buy : 0.488-0.512$ 🔴Buy : 0.44-0.46$. SL if B
🔴Sell : 0.68-0.72$. SL if A 🔴Sell : 0.88-0.92$. SL if A 🔴Sell : 0.975-1.025$. SL if A
🔵Sell : 0.44-0.46$ if B. SL if A 🔵Buy : 0.34-0.36$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Fantom is building a programmable platform on a directed acyclic-graph based distributed ledger.
  • Fantom uses an asynchronous byzantine fault tolerant Proof-of-Stake consensus mechanism called "Lachesis" and integrated with the Ethereum Virtual Machine (EVM) and the Web3JS stack. Users can thus write, compile, and deploy smart contracts on Fantom in the same way as they can on Ethereum.
  • According to the team, key features of Fantom relate to:
    • Speed: on Fantom, there is no need to wait for block confirmations; transactions are final and confirmed usually within 1-2 seconds.
    • Security: with the use of the Lachesis aBFT consensus protocol, Fantom can support a large number of nodes in a permissionless, open-source environment.
    • Smart-contract support: Fantom allows parties to execute smart contracts in a trustless and highly scalable environment.
  • The FTM token is required for staking, on-chain governance and as payment for network fees. Naturally, FTM can also be used to transfer FTM-denominated value.