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Fasttoken (FTN) has remained comparatively flat within the final 24 hours with solely a 0.4% value change. Nonetheless, some value motion has been seen in the last few weeks, with FTN up 30% previously month.
The hype behind a brand new change itemizing seems to have light, however there isn’t any promoting stress.
The shortage of motion from patrons and sellers displays the sentiment throughout the broader cryptocurrency area.
After Bitcoin’s crash final week to round $26K, your complete crypto area has struggled to get better shortly.
The worldwide cryptocurrency market cap is down by 0.5% within the final 24 hours however stays above $1 trillion.
Nonetheless, there are optimistic developments round Fasttoken, reminiscent of a latest change itemizing. The profitable xFTN swap is also attributed to those latest beneficial properties.
Fasttoken Struggles to Maintain $1.10
Fasttoken began a gradual uptrend in late July. On July 25, FTN was buying and selling at $0.89, but it surely gained $1.09 on the time of writing. The previous week has seen intense volatility, with a 2.9% uptrend.
This month, the very best FTN value seen up to now is $1.12, reported on August 18, marking a brand new all-time excessive.
A bullish sentiment appeared on August 15 amid information of a brand new itemizing, aiding in breaking previous $1.10.
FTN held above $1.10 your complete weekend, however on August 21, FTN failed to keep up the bullish sentiment as patrons began to go away the market. The token has since dropped by 3% from these all-time excessive ranges.
Fasttoken ranks as one of many best-performing tokens this yr. An all-time low of $0.398 was seen in January this yr, however FTN has since bounced by 172% from these ranges.
Sturdy Shopping for Momentum
The 50-day easy shifting common (SMA) signifies a powerful shopping for momentum. The help stage at present stands at $1, and patrons have been coming into at this value to stop the worth from declining additional.
The Relative Value Index (RSI) at 63 reveals patrons management the market. Nonetheless, the RSI line’s motion reveals sellers’ unsuccessful makes an attempt to reverse the pattern.
Whereas most indicators level to FTN being bullish, the motion of the shifting common convergence divergence (MACD) line towards the sign line reveals bearish momentum.
The MACD histograms are damaging, pointing to a doable reversal.
FTN Itemizing on Bitget
One of many causes behind the latest bullish momentum by FTN is the itemizing on the Bitget change. The token was listed on Bitget on August 17, with the enterprise providing a giveaway to rejoice the launch.
🆕 Spot New Itemizing#Bitget will checklist $FTN/USDT on Aug 17, 11 AM UTC with 3,900 $FTN to be received! @fasttoken_com
✅ Deposit is open now
🎁 A complete $100 #giveaway for 10 members! Simply RT + TAG 3 associates
Itemizing Data: https://t.co/4xper52IzyCampaign Data: https://t.co/YjwqrRwd0T pic.twitter.com/IoxctOoyaD
— Bitget (@bitgetglobal) August 16, 2023
Following this itemizing, FTN is now obtainable on a number of exchanges, together with MEXC, Bitmart, Coinstore, XTcom, and Hotbit.
🔍#FTN #FAQs
Can I commerce FTN outdoors of #FastexExchange?
The reply is YES. ✅
Apart from Fastex Alternate, yow will discover & #commerce FTN on these #exchanges: #Coinstore, #Bitmart, #XTcom, #MEXC, #P2PB2B, & #Hotbit.
Produce other questions? Remark under. 💬 pic.twitter.com/XoDq5Is7h2
— Fasttoken (@fasttoken_com) August 5, 2023
Launchpad XYZ Presale Reaches $1.3 Million.
The Launchpad XYZ presale is doing fairly properly, and it is a perfect choice to diversify an funding portfolio.
This presale has already raised greater than $1.36 million as traders rush to purchase earlier than the following value improve.
Launchpad XYZ is a challenge that claims to provide traders entry to the required instruments to maximise their revenue potential.
Based on the whitepaper, the challenge can even combine synthetic intelligence (AI) to assist merchants make knowledgeable selections.
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