Fantom has been a strong pumper in the blockchain markets moving over 9.5% in the last 24 hours.
The price of Fantom (FTM) is now $0.236 and the bulls are teasing a recovery back up to $0.30.
Many traders speculate that a major catalyst to the bullish price action is from the recent BitTrue announcement where FTM can now be staked for 7% APY.
It is important to remember that Fantom is still down 93% from its all time high of roughly $3.45, whilst these short moves offer euphoria, it is important not to chase the green candles as we delve deeper into unknown volatilities of the crypto bear market.
(by Jacob Bury)
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