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🎨 Event Period
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Altcoin, which rose 63% in a week, caused FOMO among investors - Coin Bulletin
Fantom (FTM) attracted the attention of the cryptocurrency market by showing an impressive rise of 63% in the last 6 days.
According to Santiment's analysis, there has been a significant increase in daily active addresses on the network. However, this increase is associated with growing FOMO (fear of missing out) among investors.
Summit signals?
Santiment indicates that such sudden jumps in active addresses usually signal price peaks based on historical data. This sudden increase in activity from new investors may cause a short-term saturation. If the number of active addresses starts to decline, it is likely that prices will pull back and a new entry opportunity will arise.
Track FTM address activity
Address activities on the Fantom network can help investors better analyze market movements. Santiment emphasizes that such data can uncover opportunities in the crypto market that other investors may not see.