Investors Focus on Fantom Following 8.6% Surge – Is It Poised to Overtake Solana?

Is Fantom Crypto the Next Solana? With FTM price rising by +8.6%, leading crypto influencer Ansem has focused on the Fantom trade – here’s the reasoning behind it.

This article examines the recent Fantom price movements to assess whether FTM’s latest increases position it as the top performer in the September market or if alternative opportunities may yield higher returns.

As traders prepare for the upcoming week, the market is contending with Bitcoin’s crucial $60,000 price threshold.

This situation unfolds against the anticipation of one of 2024’s most significant financial events – the forthcoming FOMC meeting, where a notable interest rate reduction is anticipated, marking the first since the COVID-19 pandemic.

As speculation circulates regarding Bitcoin’s possible reactions – with some forecasting a sell-the-news scenario despite optimistic on-chain indicators from Reserve Risk and Net Unrealized Profit Loss – it appears that many are neglecting the wider consequences.

However, one notable trader, Ansem (blknoiz06), is evidently focused after sharing a revealing image of Fantom’s remarkable price increases compared to Bitcoin’s sluggish upward movements.

hi hello yes this is your new narrative operator speaking pic.twitter.com/8s45iOWMVv

— Ansem (@blknoiz06) September 15, 2024

With such a prominent figure in the industry focusing on the rally, let’s delve deeper and examine the details.

FTM Price Analysis: Is Fantom Crypto Poised to Outperform BTC?

As Fantom continues to surpass Ethereum in relation to Bitcoin, the narrative persists in the FTM price chart, with Fantom currently trading at a market price of $0.52 (indicating a 24-hour change of +3.34%).

This follows a notable bullish shift in technical strength on September 8, which initiated a phase of positive price growth after a ‘golden cross’ occurred between the 20-day moving average (20DMA) and the 200-day moving average (200DMA).

In the past week, there has been a period of tight consolidation, with FTM price action establishing a solid foundation above the 20DMA, oscillating between $0.4 and $0.5.

It seems that bulls have now secured a strong position, with price action surging above $0.5 after a dip to retest support from a rapidly ascending 200DMA.

With $0.575 appearing to be the next likely target, an examination of the RSI indicates remaining upward potential despite slight bearish divergence at 62.65.

Confidence is also increasing in Fantom’s upward momentum, with the MACD showing growing divergence at 0.0018.

Overall, this illustrates a picture of increasing market confidence, with Fantom price leading the way into the forthcoming alt-season ahead of this week’s FOMC.

Looking ahead this week, Fantom bulls are aiming for an upward move to $0.575 (a potential +9.69%), while bears are wagering on a return to 20DMA support at $0.50 (a possible -4.62%).

This indicates an overall risk: reward ratio of 2.1 for the upcoming week, presenting a solid entry with considerable confidence.

However, with only a modest potential gain of 9.69%, this may not attract high-octane retail traders seeking more significant returns. Nevertheless, there are various other trading opportunities that could offer just that.

Could Pepe Unchained Be a More Attractive Option Than Fantom?

The 2 Biggest Meme Narratives for 2025
I firmly believe the memecoin bullrun in 2025 will revolve around 2 primary meme universes.
Stay alert
1. The most prominent of the 2 in my view being anything related to $PEPE
Essentially the “PEPEVERSE” if you will
This…

— SlumDOGE Millionaire (@ProTheDoge) September 16, 2024

While Fantom is drawing the interest of viral trader Ansem, another trend is emerging, highlighted by renowned Dogecoin millionaire ‘SlumDOGE’ – Pepe coins.

With SlumDOGE claiming that virtually anything in the ‘Pepeverse’ will surge, it is not surprising that the largest meme coin presale in crypto at present has just accelerated into 6th gear.

Pepe Unchained’s $PEPU presale has already gained viral momentum after it soared to exceed $13M last Friday, with the fundraiser quickly approaching $13.5M ahead of the next incremental price rise.

It’s almost go time.
And we’re aiming for the number 1 position pic.twitter.com/NEhTNwVTTG

— Pepe Unchained (@pepe_unchained) September 14, 2024

PEPY’s success may stem from the fact that, in addition to its meme-like appearance, it also possesses significant utility: it operates as a Layer-2.

For those unfamiliar with L-2s, they are constructed on top of Layer-1 and aim to enhance scalability and lower the costs associated with Layer-1.

PEPU aspires to become a hub for launching and trading new meme coins due to its reduced fees and faster speeds compared to Ethereum, a Layer-1 – creating a true ecosystem for all things ‘PEPE’ – making it a logical choice.

The $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.

Check Out PEPU Here

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