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FX_Professor
Jul 18, 2022 2:54 AM

FANTOM - This could be Time for 30c (Or higher!) Long

Fantom / TetherUSBinance

Description

FANTOM on support at 0,256 and 0,30 is a target that should normally be checked.. only there is no 'normally' when it comes to crypto so DYOR and take your own decisions.

Professor is Buying with targets of 0.30 and 0.40


News:

DePocket Lists Fantom (FTM) as its Latest Supported Chain

Less than a month ago, on June 20th, a company known as DePocket, which allows users to easily manage and optimally invest their crypto assets across all DeFi platforms, announced plans to support Fantom (FTM). According to the company’s tweet, it decided to add support for Fantom blockchain and enable users to use DePocket’s service to track assets on the Fantom chain, using its popular multi-chain wallets.

Recently, Fantom confirmed that DePocket did go through with the plan, and that Fantom’s blockchain is now officially supported by the service.

What does this mean for Fantom?
As mentioned, users will be able to use DePocket to track Fantom-based assets in wallets like Trust Wallet or Metamask. The same is true for those who use Fantom single-chain wallets.

Fantom is a permissionless, decentralized smart contract platform that particularly focuses on dApps and digital assets. As such, it is one of Ethereum alternatives and in the eyes of many — a potential successor to Ethereum. It is infinitely more scalable, with extremely cheap transaction costs which are typically under a cent.

On top of that, it is also EVM-compatible, and it uses PoS consensus mechanism, all of which makes it a safe and reliable platform for launching or using decentralized applications and other smart contract-based blockchain products.

So far, this has already worked well for the project, which is constantly seeing more and more innovative and interesting dApps which are enriching its ecosystem and attracting more users.

This is also what makes it perfect for DePocket, which seeks to integrate the leading chains into the application dashboard. Thanks to its reputation, ecosystem, technology, and more, Fantom definitely fits in well with the rest. Furthermore, additional supporting dApps on the Fantom chain will soon also become accessible via the DePocket app, according to the company’s announcement.
Comments
Houbet
Is the red line a stop loss?
FX_Professor
@Houbet, Red line is the next support level. Your stop loss will depend on your trading style/setup
wisikesau0j
Malik_Asad
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