Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week.<\/p>\n
Fantom treads the bearish route as negatively impacted by the crash of the crypto market
\nFTM social metrics down
\nFantom records over 300,000 active weekly users<\/p>\n
The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline. Fantom admits that they have been severed by the bearish impact of the crypto market triggering a plunge.<\/p>\n
More so, average daily transactions on Fantom from August 11 to 18 accumulated to roughly 44,300.<\/p>\n
Fantom Goes Bearish, Sheds 4.71%<\/p>\n
Additionally, Fantom network transactions from August 11 to 17 also dropped by 0.11% or a decline from 847,000 the other week to 846,000 that was penned last week.<\/p>\n
According to CoinMarketCap, FTM has dropped by 4.71% or trading at $0.2911 as of this writing.<\/p>\n
The number of unique wallet addresses that actively traded on Fantom from August 11 to 18 also declined by 48%. <\/p>\n
Notably, this month, the daily active wallet addresses on FTM have dropped by 65%. Around 18,690 new wallet addresses were spawned based on the new wallet addresses verified on the network.<\/p>\n
But, as FTM price dropped in that given period, the number of new unique wallet addresses created on Fantom also plummeted. <\/p>\n
In almost a month, a dip of 19% was observed in the index of new wallet addresses. It seems that everything cascaded down creating a domino effect of sorts.<\/p>\n
Social Metrics Down For FTM<\/p>\n
Social metrics of FTM has been down. In fact, from August 11 to 8, the social dominance and volume of FTM has lost steam by 25% and 23%; respectively.<\/p>\n
As of press time, the abovementioned social metrics has declined by 57% and 84% this month. <\/p>\n
FTM has the highest negative sentiment recorded this August at -0.932, the highest registered in the past three months.<\/p>\n\n
Chart from TradingView.com<\/p>\n
From August 11 to 18, FTM suffered a decline of 85% for whale transactions that go over $100,000.<\/p>\n
For transactions that shoot above $1 million, after peaking two whale transactions on August 16, nothing close to that was accomplished from August 17 to 18. <\/p>\n
The CMF dynamic line of FTM was spotted at the central line which hints a bullish activity on FTM price. Hence, an uptrend is apparent.<\/p>\n
On the other hand, with a bulk of FTM coins shoveled out of crypto exchanges that received, investors must proceed with caution.<\/p>\n
Crypto total market cap at $992 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Securities.io, Chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week.<\/p>\n
Fantom treads the bearish route as negatively impacted by the crash of the crypto market
\nFTM social metrics down
\nFantom records over 300,000 active weekly users<\/p>\n
The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline. Fantom admits that they have been severed by the bearish impact of the crypto market triggering a plunge.<\/p>\n
More so, average daily transactions on Fantom from August 11 to 18 accumulated to roughly 44,300.<\/p>\n
Fantom Goes Bearish, Sheds 4.71%<\/p>\n
Additionally, Fantom network transactions from August 11 to 17 also dropped by 0.11% or a decline from 847,000 the other week to 846,000 that was penned last week.<\/p>\n
According to CoinMarketCap, FTM has dropped by 4.71% or trading at $0.2911 as of this writing.<\/p>\n
The number of unique wallet addresses that actively traded on Fantom from August 11 to 18 also declined by 48%. <\/p>\n
Notably, this month, the daily active wallet addresses on FTM have dropped by 65%. Around 18,690 new wallet addresses were spawned based on the new wallet addresses verified on the network.<\/p>\n
But, as FTM price dropped in that given period, the number of new unique wallet addresses created on Fantom also plummeted. <\/p>\n
In almost a month, a dip of 19% was observed in the index of new wallet addresses. It seems that everything cascaded down creating a domino effect of sorts.<\/p>\n
Social Metrics Down For FTM<\/p>\n
Social metrics of FTM has been down. In fact, from August 11 to 8, the social dominance and volume of FTM has lost steam by 25% and 23%; respectively.<\/p>\n
As of press time, the abovementioned social metrics has declined by 57% and 84% this month. <\/p>\n
FTM has the highest negative sentiment recorded this August at -0.932, the highest registered in the past three months.<\/p>\n
Chart from TradingView.com<\/p>\n
From August 11 to 18, FTM suffered a decline of 85% for whale transactions that go over $100,000.<\/p>\n
For transactions that shoot above $1 million, after peaking two whale transactions on August 16, nothing close to that was accomplished from August 17 to 18. <\/p>\n
The CMF dynamic line of FTM was spotted at the central line which hints a bullish activity on FTM price. Hence, an uptrend is apparent.<\/p>\n
On the other hand, with a bulk of FTM coins shoveled out of crypto exchanges that received, investors must proceed with caution.<\/p>\n
Crypto total market cap at $992 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Securities.io, Chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-6054","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=6054"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6054\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6054"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}