Place/Date: - May 10th, 2023 at 5:18 am UTC · 4 min read
Are you planning to invest in FTM in 2023?
If so, you are in the right direction. FTM is one digital asset that has been gaining huge traction because of its unique consensus mechanism and its visionary plan to overcome the blockchain trilemma, promising speed, security, and decentralization.
But what does the future hold for FTM in 2023? Will it be a bearish or bullish year? In this article, we explore FTM’s potential, including its collaborations and features, and delve into expert price predictions for 2023, along with the latest meme coin sensation, Dogetti (DETI), who is set to launch in June after raising a million in a few months.
Fantom, also known as FTM, is an open-source, decentralized smart contract platform that enables seamless integration of decentralized finance (DeFi) applications. Powered by the Directed Acyclic Graph (DAG) protocol and the Lachesis consensus design, Fantom offers unparalleled transaction throughput for DeFi platforms.
One of the key features of Fantom is its scalability. With the ability to process thousands of transactions per second, Fantom eliminates network congestion and ensures fast and efficient transactions. This scalability, combined with its low transaction fees, makes Fantom an attractive choice for users and developers alike.
Collaborations have played a significant role in Fantom’s growth and adoption as well. The project has partnered with renowned companies such as Chainlink, Band Protocol, Graph QL API, Covalent, Ankr, and many more. These collaborations have enhanced the security, data availability, and accessibility of the Fantom ecosystem, making it an investor’s choice.
Now, let’s dive into the FTM price prediction for 2023. According to industry experts, Fantom is expected to experience significant growth in the second half of the year, with a potential price reaching $0.617354. While the rise may be gradual, experts anticipate no major drops in the price. The average price prediction for 2023 stands at $0.576197, showcasing the optimistic outlook for FTM.
Based on the technical indicators, the weekly moving average is trending bearish for Fantom, with the 50-day moving average below the current price, possibly providing support. However, the 200 weekly moving average is above the price, which may act as resistance to continuing the bearish trend. The RSI is currently within the neutral zone, with the price able to maintain that state for some time. The bearish divergence in the last 14 candles is a weak signal for price reversal from current levels. Overall, it’s important to closely monitor these indicators for potential changes in trend direction. Meanwhile, on a YTD (year-to-date) basis, the coin has returned over 104.37%.
Dogetti (DETI) is an up-and-coming cryptocurrency that is set to launch in June. It operates on the Ethereum blockchain and uses a Proof of Stake consensus mechanism, which means it’s more environmentally friendly than traditional cryptocurrencies that use Proof of Work. This feature appealed to many early investors during its presale stage, which ended on June 20th.
Dogetti is a cryptocurrency that aims to provide a fast, secure, and scalable experience for everyday transactions. It boasts low transaction fees and quick transaction times, making it an ideal choice for newcomers seeking a currency for micropayments and online transactions. Its focus on usability and accessibility could make it a standout option in the ever-growing cryptocurrency market. Plus, the Dogetti DAO gives consumers a voice in the project’s progress by allowing each DETI holder to vote and suggest improvements and innovations.
In conclusion, the cryptocurrency market is known for its volatility, making it a challenging investment option. However, cryptocurrencies like Fantom and Dogetti offer unique features and collaborations that make them a promising investment in the crypto market. It’s important to consider price predictions and consult experts before investing. Keep an eye on the upcoming developments and advancements in the crypto market, and always do your due diligence before making any investment decisions.
Read more on Dogetti (DETI): Presale, Website, Telegram, Twitter.
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