A crypto analyst has put together a bold prediction as to the future trajectory of the XRP price. Based on his prediction, the XRP community could see the crypto token’s price enter three digits soon enough. 

XRP Price To Rise To $352

In a video posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP’s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on Ripple’s board, and Robert Mitchnick, a former employee at the crypto firm.

The crypto analyst had input metrics like transaction volume, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352. 

Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token “finally mooning” in 2024. 

The price prediction of $352 seems like a far reach, considering that XRP still sits at around $0.6. That price level, however, seems more attainable when compared with more daring price predictions like the one of XRP hitting $10,000 in the future. 

Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he recently suggested that the XRP price movement defies technical analysis. 

XRP And Other Altcoins Entering Into Bull Phase

The analyst behind the JWKShow channel also shared his analysis of the altcoin market. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase. 

He specifically touched on the XRP price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in XRP’s transaction volume, which is also bullish for the crypto token. 

Interestingly, the crypto analyst also happens to be among those who believe that the XRP price is suppressed. He said that the price of XRP will go parabolic “when the 1% are ready, which should be in 2024.” It is, however, unclear who is the “1%” he is referring to. 

At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data from CoinMarketCap. 

Amid the recent Bitcoin (BTC) price rally, cryptocurrency analyst CryptoCon has shed his optimism about the price action of the crypto asset while highlighting a bold prediction.

Bitcoin To Experience Pullback Beforehand

On Tuesday, December 26, CryptoCon took to X (formerly Twitter) to share his latest projections on Bitcoin. According to the analyst, the price of BTC will reach the $130,000 mark, but it might undergo a correction beforehand.

In the X post, CryptoCon reiterated his opinion that, many weeks ago, Bitcoin peaked at roughly $45,000. He further highlighted that the LMACD includes another layer with a cross of the “Descending Cycle Mid-Top Trend.”

He suggests that Bitcoin is about to experience a “significant pullback.” The analyst highlighted that the “correction ranges from 38% to 52%” from its peak of around $45,000.

In addition, CryptoCon predicts that a period of correction lasting “up to five to six months” will follow the correction. He added that these declines would cease in May 2024, as he sees an upward trajectory despite his correction projections.

The crypto analyst highlighted the “Green Year Accumulation” phase in his projections. He then underscored the opportunity this correction offers investors who couldn’t take advantage of favorable entry during this phase. 

He sees an opportunity for investors to enter the Bitcoin market at a “more reasonable” price during this possible correction. However, overleveraged long may suffer due to the potential correction from the recent highs. 

Furthermore, the analyst continued by pointing out the advantages of Bitcoin’s future performance. He expects Bitcoin to reach a fresh peak in November or December 2025.

CryptoCon’s predictions for BTC to reach an all-time high by the time above were based on the “Halving Cycles Theory.” He then asserted that after careful price experiments, he expects BTC to be around “$130,000 by the end of 2025.”

Rise In BTC’s Addresses Holding Millions Of Dollars

A recent report has revealed an uptick in the total number of Bitcoin millionaires in 2023. Data from BitInfoCharts shows the number of BTC millionaires has increased by 246% in 2023.

Currently, Bitcoin millionaires are around 97,497, according to the data provided by the platform. This indicates a notable growth compared to this year, with 23,795 addresses worth at least $1 million.

Furthermore, BitinfoCharts has divided these 97,497 millionaires into two distinct parts. Addresses that contain at least $1 million are 90,040, while those containing more than $10 million make up for the rest.

This uptick can be traced back to the rise in BTC’s price this year, which has seen a year-to-date gain of nearly 158%. Earlier this year, the price of BTC was around $16,000.

An analyst has explained how Polygon is starting to break out of a symmetrical triangle pattern. If the breakout is confirmed, a rally to this level could be coming.

Polygon Weekly Price Is On The Verge Of Breaking Out Of A Symmetrical Triangle

In a new post on X, analyst Ali talked about a pattern that has been forming in the weekly price of MATIC. The pattern in question is called the “symmetrical triangle.”

As its name suggests, this technical pattern looks like a triangle. There are two main trendlines in this formation; the upper one is made by connecting a series of tops, while the lower one joins together bottoms. A feature of the pattern is that these two trendlines converge at about the same incline (which is why it has “symmetrical” in its name).

There are other triangle patterns in technical analysis as well, like the ascending and descending triangles. These patterns, for example, differ from the symmetrical triangle in that they have one trendline moving horizontally, while the symmetrical triangle has both of them at a slope.

As is generally the case with patterns like this, the upper trendline in the symmetrical triangle can act as a source of resistance, while the lower one may provide support.

Sustained breaks out of either of these levels can lead to a continuation of the trend in that direction. According to Ali, Polygon’s weekly price has been on the verge of such a breakout recently.

Below is the chart shared by the analyst that highlights this potential break brewing in MATIC:

As displayed in the above graph, Polygon’s weekly price has recently surged toward the upper trendline of a symmetrical triangle pattern and appears to be trying to break out. “A sustained weekly candlestick close above $0.96 could propel MATIC towards $1.73,” explains the analyst.

So far, Polygon seems to be well on its way to confirming this breakout, as its price has shot up more than 19% during the last 24 hours. If the symmetrical triangle break indeed holds up, then MATIC would have to rally another 66% from the current price if the target set by Ali is to be met.

MATIC Has Surpassed The $1 Level For The First Time Since April

Polygon has enjoyed some sharp bullish momentum during the past week as its price has now reclaimed $1, a level that the cryptocurrency hasn’t visited since April.

The below chart shows how the asset has performed during the past month.

In the past week, the asset is up over 34%. The only cryptocurrency in the market cap top 20 list that has shown better returns is Solana (SOL) with its about 47% profits.

It’s currently unknown whether MATIC can keep up this rally, but if it can, the symmetrical triangle break would be confirmed and more surge would potentially follow.

A recent market update by the trading firm QCP Capital has provided insights into how Bitcoin’s price would react if a Spot Bitcoin ETF gets approved in January. The firm predicts that there could be a major retracement before any move to the upside.

Bitcoin Could Retrace To $36,000

QCP Capital predicts that Bitcoin could retrace to around $36,000 before an uptrend resumes. At the same time, they expect Bitcoin to face a topside resistance between the $45,000 and $48,500 region. These projections are based on what they expect to happen if the Securities and Exchange Commission (SEC) approves Spot Bitcoin ETFs in January.

QCP Capital is of the opinion that the actual demand for these investment funds might fall short of market expectations at the beginning. If so, it set things up for the classic ‘sell the news’ scenario, which would cause Bitcoin’s price to dump.

The trading firm had previously opined that Bitcoin could hit its all-time high of $69,000 if these Spot Bitcoin ETFs saw enough capital upon launching. Then, they also warned that approval could end up being a sell-the-news event if inflows into these funds were below par. Now, they seem to be suggesting that the latter is likely to happen.

However, they don’t expect that Bitcoin will stay down for too long as they are confident that Bitcoin’s recent resurgence will continue at some point. They estimate that this will likely happen after a few weeks, especially as traders position for a strong rally ahead of the next big thing – the Bitcoin Halving. This event is projected as what will spark the next bull run.

All Attention Will Turn To Ethereum

Ethereum might be the next big play once the pending Spot Bitcoin ETFs are approved. QCP Capital foresees the market’s anticipation, quickly turning to the Ethereum Spot ETFs. Just like with the Spot Bitcoin ETFs, a number of asset managers have also filed to launch a fund that offers direct exposure to Ethereum.

In anticipation of a potential approval of the Ethereum Spot ETFs, some crypto investors could move their capital from BTC to ETH ahead of an expected rally in Ethereum’s price. The trading firm stated that they are “leaning against very strong support in the ETHBTC cross at the 0.051 level.”

QCP Capital, however, believes that any approval of an Ethereum Spot ETF is still “many months away.” In the meantime, they expect that Ethereum’s price will notable rallies based on such speculations. This could be something similar to what happened with Bitcoin, as the flagship cryptocurrency enjoyed significant rallies on the back of the Spot BTC approval rumors.

In a groundbreaking financial shift, Bitcoin, the world’s original and deeply capitalized cryptocurrency, has swiftly climbed the ranks, securing its place among the top 15 largest currencies globally. Bold, a Bitcoin credit card company, revealed this remarkable feat in December, emphasizing Bitcoin’s uniqueness as the sole crypto in the top 20 currencies of sovereign central banks.

Examining the data provided by CEIC and CoinGecko paints a vivid picture of Bitcoin’s extraordinary ascent. On the pivotal date of November 19, Bitcoin’s market capitalization soared to over $835 billion, solidifying its position among the global financial giants.

Bitcoin’s Meteoric Rise: Overtaking Global Currencies

This milestone not only marked a significant leap forward for Bitcoin but also propelled it past India’s rupee, which stood at a little over $693 billion in November.

The narrative of Bitcoin’s triumph doesn’t stop there. Surpassing national currencies with ease, Bitcoin continued its meteoric rise, outshining even the venerable Swiss Franc.

By achieving a staggering market capitalization of $830 billion, Bitcoin showcased not only its financial prowess but also its resilience in a landscape often defined by volatility.

Bold’s list places Bitcoin just behind South Korea’s Won, boasting a market cap of $903 billion. FiatMarketCap, however, positions Bitcoin as the 16th largest currency by market cap when considering all currencies in the list.

#Bitcoin is the 14th largest currency in the world. pic.twitter.com/PvKqvYAtjx

— Bold Bitcoin (@BoldBitcoin) December 20, 2023

The month of December witnessed a palpable surge in Bitcoin’s value, propelled by the heightened anticipation surrounding spot ETFs. This burgeoning excitement not only elevated Bitcoin’s market standing but also facilitated a noteworthy milestone.

During this period of heightened anticipation, Bitcoin, with unwavering momentum, not only surpassed the valuation of the Swiss Franc but went a step further, closing in on the esteemed South Korean Won.

The strategic alignment of market forces, coupled with growing investor confidence, played a pivotal role in this achievement, showcasing Bitcoin’s resilience and adaptability in responding to evolving market conditions.

At the current trading price of $42,427, Bitcoin experienced a slight dip of 0.7% and 1.1% in the last 24 hours and seven days, respectively, according to Coingecko’s data.

Bitcoin: Challenging Global Currency Norms

A fascinating perspective emerges when considering Bitcoin’s potential. If its price were to reach over $919, it would exceed the US dollar’s money supply of $18 trillion, establishing itself as the largest global currency.

The debate over whether cryptocurrencies are true currencies remains active. The American Association for the Advancement of Science, in a research article published on December 22, suggests that while digital currencies are a significant development, they have yet to serve widely as a medium of exchange.

Contrastingly, a Geopolitical Monitor article on November 10 sees potential in Bitcoin becoming a major reserve currency, influencing the global monetary order.

‘Explosive’ Future For The King Coin

Looking ahead, 2024 appears to be a “very explosive” year for Bitcoin, with expectations of ETFs, legislative developments, and regulatory shifts. Brandon Zemp, CEO of BlockHash LLC, anticipates growth in the crypto industry, emphasizing its cyclical nature and the resilience demonstrated despite challenges in previous years.

Encouragingly, the crypto industry is firmly established, with a continuous purge of malicious actors enhancing awareness for improved practices and safeguards. Anticipating a forthcoming bull market, there is optimism that this phase might exhibit greater stability and longevity, primarily attributed to the systematic elimination of undesirable elements from the industry, as highlighted by Zemp.

“The good news is that crypto is here to stay and bad actors are constantly being flushed out of the market,” he said.

Featured image from Shutterstock

The recent increase in value of PancakeSwap has captured the attention of the cryptocurrency community, as its token, CAKE, witnessed an extraordinary 54% surge in just the past seven days.

With a robust market capitalization of nearly $900 million and an impressive fully diluted valuation of $1.3 billion, PancakeSwap has solidified its position as a significant player in the decentralized finance (DeFi) space.

Strategic Token Burn Propels PanCakeSwap Ascendancy

One of the key strategies contributing to PancakeSwap’s success lies in its proactive approach to managing token supply.

In a strategic move to boost scarcity and create a more attractive investment proposition, PancakeSwap executed a token burn, incinerating more than 10 million CAKE tokens, valued at approximately $34 million, on December 26.

This deliberate reduction in the total supply by 40% has not only impressed investors but also earned PancakeSwap the endearing title of “everyone’s favorite DEX” (Decentralized Exchange).

10,166,225 $CAKE just burned – that’s $34M!

Trading fees (AMM V2): 132k CAKE ($438k) -29%
Trading fees (AMM V3): 79k CAKE ($260k) -23%
Trading fees (Non-AMM like Perpetual, Position manager etc): 4k CAKE ($1k) -98%
Prediction: 34k CAKE ($112k) -27%
Lottery &… pic.twitter.com/veRsDhcFFB

— PancakeSwapEveryone’s Favorite DEX (@PancakeSwap) December 26, 2023

Despite prevailing market consolidation, the CAKE token has managed to defy the odds, maintaining a price above $2.1 and extending its recovery trend. Within just one week, the coin’s price soared to the current trading value of $3.37, breaking decisively from a falling wedge pattern.

This latest burn has resulted in a notable reduction in the circulating supply of CAKE tokens, decreasing from 275 million to 265 million. Consequently, this development propelled the CAKE price by 18%, pushing its market cap to $894 million.

Crypto burns play a pivotal role in the digital assets sector by reducing asset supply, thereby creating heightened demand and boosting the value and prices of cryptocurrencies.

Although a proposal to cap the maximum supply at 450 million was previously made by the network to recover losses suffered by CAKE crypto, it is yet to be implemented. Meanwhile, the team will continue with substantial burns to support price movement until an alternative decision is reached.

Weekly Token Burns Signal PanCakeSwap’s Commitment

The PancakeSwap team has further disclosed their intention to continue these token burns on a weekly basis, demonstrating a commitment to this approach until a decision is made to alter it.

This diminishing supply, coupled with the optimistic technical outlook, is anticipated to sustain a robust recovery trend in CAKE price.

Meanwhile, the coin’s 24-hour trade volume increased by 37% to $284 million, with one-month gains exceeding 50%. Moreover, the token reached a new 30-day peak of $3.65 on Tuesday.

As of the latest update, CAKE maintains a bullish stance, registering a 27% increase in the previous day’s trading and gaining over 6% within one hour of the most recent token burn.

The altcoin has also garnered increased crowd interest, with daily volume soaring by 75% to $330 million, although it remains 90% down from its April 2021 all-time high of $44.20.

Featured image from Shutterstock

Decentralized finance (DeFi) platform Kyber Network has taken significant steps to address the aftermath of a massive security breach in November, with CEO and co-founder Victor Tran at the helm.

Despite the challenges posed by the “Elastic exploit”, KyberSwap’s core business, including the aggregator and limit order functions, remains fully functional, according to the latest statement.

Kyber Network Response To Elastic Exploit

As stated by Tran, Kyber Network is preparing to launch the Zap API, this is expected to enable decentralized applications (dApps), wallets, and other projects to serve as convenient gateways for users to access DeFi liquidity protocols. 

Additionally, Kyber Network has made operational changes, including temporary pauses in liquidity protocol initiatives and the KyberAI project, to “ensure a sustainable future”. Tran further stated:

Regrettably, we have also reduced our workforce by 50%. The past few days have been among the most challenging in my journey as an entrepreneur. The decision to part ways with so many of our team members was heart-wrenching. Each individual is not only highly skilled but also deeply committed to advancing DeFi and bringing tangible value to end-users. 

Tran also stated that Kyber Network’s response to the Elastic exploit includes the implementation of the KyberSwap Elastic Exploit Treasury Grant Program, aimed at covering up to 100% of users’ losses. 

To provide clarity on the situation, Kyber Network has categorized the affected assets and outlined the consequences for each category. 

Treasury Grants For Victims 

According to the network’s blog post, Category 1 comprises affected assets taken from affected pools by the primary exploit, which commenced on November 22, 2023. 

This category includes liquidity positions and liquidity provider (LP) fees, with a market value of $48,883,930.66. Notably, the network has stated that these assets have yet to be recovered.

Category 2 consists of affected assets taken from affected pools by subsequent activity, referred to as Category 2 Mimicking Bots (MBA). 

These assets, totaling US$172,148.52, were obtained by two mimicking bots that replicated the actions of the primary exploit. Similar to Category 1, these assets have yet to be recovered.

Category 3 includes affected assets that were removed from affected pools by subsequent activity, collectively referred to as Category 3 Mimicking Bots (MBA), along with assets referred to as Category 3 swapped affected assets. 

While a portion of the affected assets were partially recovered, a portion of the assets were swapped into Category 3 Swapped affected assets. The market value of the Category 3 Affected Assets is $6,405,483.43, based on the last block before the Category 3 MBA.

Assets falling under Category 4 are currently locked in affected pools due to an “incorrect pool state” resulting from the primary exploit and MBA. The total value of these assets is $24,478.93. 

This amount comprises different segments: $9,390.51 attributable to the primary exploit, $15,036.04 attributable to the Category 2 MBA, and $52.38 attributable to the Category 3 MBA.

Lastly, Category 5 represents affected assets that were previously locked in affected pools due to an incorrect pool state resulting from the primary exploit. However, these assets have been successfully recovered from the liquidity pools, with a total value of $706,162.85.

At present, the native token of Kyber, KNC, is trading at $0.732, indicating a marginal decline of 0.3% within the past 24 hours. Nevertheless, over the last fourteen days, the token has demonstrated notable growth, with gains surpassing 7%.

Featured image from Shutterstock, chart from TradingView.com

Ethereum price is correcting gains from the $2,320 resistance zone. ETH is moving lower and might even test $2,050 before the bulls take a stand.

Ethereum is correcting gains below the $2,250 support zone.
The price is trading below $2,240 and the 100-hourly Simple Moving Average.
There are two bearish trend lines forming with resistance near $2,230 and $2,260 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its decline and revisit the $2,050 support zone.

Ethereum Price Extends Losses

Ethereum price started a downside correction from the $2,325 level. ETH declined below the $2,300 and $2,265 levels. The bears were even able to push the pair below the $2,200 level, like Bitcoin.

A low was formed near $2,180 and the price is now attempting a fresh increase. There was a move above the $2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,326 swing high to the $2,180 low.

Ethereum is now trading below $2,240 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,230 level. There are two bearish trend lines forming with resistance near $2,230 and $2,260 on the hourly chart of ETH/USD.

The second trend line is close to the 50% Fib retracement level of the downward move from the $2,326 swing high to the $2,180 low. A close above the $2,260 resistance could send the price toward $2,325.

Source: ETHUSD on TradingView.com

The main resistance sits at $2,350. A clear move above the $2,350 zone could start a decent increase. The next resistance sits at $2,420, above which Ethereum might rally and test the $2,500 zone.

More Downsides in ETH?

If Ethereum fails to clear the $2,260 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level.

The first key support could be the $2,180 zone. A downside break and a close below $2,180 might spark more bearish moves. In the stated case, Ether could revisit the $2,120 support. Any more losses might send the price toward the $2,050 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $2,180

Major Resistance Level – $2,260

Bitcoin price extended its decline below the $42,650 zone. BTC is showing a few bearish signs and might extend its decline toward the $40,000 support.

Bitcoin seems to be following a bearish path below the $43,500 level.
The price is trading below $43,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $43,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down toward the $40,500 and $40,000 support levels.

Bitcoin Price Dips Further

Bitcoin price struggled to start a fresh increase above the $43,500 and $43,650 resistance levels. BTC formed a short-term top and started a fresh decline below the $43,000 level.

There was a clear move below the $42,500 and $42,300 levels. The price even spiked below the $42,000 level. A low was formed near $41,637 and the price is now attempting a fresh increase. There was a move above the $42,000 level.

Bitcoin price climbed above the 23.6% Fib retracement level of the downward move from the $44,430 swing high to the $41,637 low. It is now trading below $43,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $43,200 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $43,000 level. It is close to the 50% Fib retracement level of the downward move from the $44,430 swing high to the $41,637 low. The first major resistance is forming near the trend line and $43,200.

Source: BTCUSD on TradingView.com

A close above the $43,200 resistance could start a decent move toward the $44,000 level. The next key resistance could be near $44,300, above which BTC could rise toward the $45,000 level. Any more gains might send the price toward $46,500.

More Losses In BTC?

If Bitcoin fails to rise above the $43,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $42,000 level.

The next major support is near $41,620. If there is a move below $41,620, there is a risk of more losses. In the stated case, the price could drop toward the $40,000 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $42,000, followed by $41,620.

Major Resistance Levels – $43,000, $43,200, and $44,300.

Fantom appears to be forming a double bottom pattern currently, a confirmation of which could lead to a break towards $1.60 according to an analyst.

Fantom Might Be Forming A “W” Pattern In Its Weekly Chart

As explained by analyst Ali in a new post on X, FTM’s weekly price chart has appeared to have been forming a “W” pattern recently. A W or double bottom refers to a pattern in technical analysis that ends with a bullish resurgence for the asset.

The pattern forms when the price forms two consecutive bottoms after going through some significant downtrend and finally reverses its direction with a sharp bullish move.

While the pattern is known for its resemblance to the letter “W” from the English alphabet, the pattern can still form even if the “W” shape doesn’t quite look as symmetrical.

Like this pattern, there is also the “M” or double top pattern, which forms when two consecutive tops follow an uptrend and the price subsequently shifts towards a downwards trajectory.

Now, here is the chart shared by the analyst that shows how a potential W pattern may be forming for the weekly price of Fantom:

As is apparent in the above graph, the Fantom weekly price formed its second bottom in October and has since been sharply going up. The pattern is indeed starting to resemble a W now, but it’s still not fully confirmed yet.

In the chart, Ali has also highlighted the $0.57 level at which the coin hit the top between the two bottoms and it seems like the weekly price has been approaching this line recently. “If $FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!” notes the analyst.

From the current spot price of the cryptocurrency, a rally towards this level would mean an increase of almost 192%. It now remains to be seen if the asset can confirm this pattern and go on a run like this or not.

A few days back, the same analyst had discussed about the on-chain support and resistance levels for Fantom, revealing that the coin has little in terms of obstacles until the $0.66 level.

In the above chart, the data for each FTM price range in terms of the number of investors or addresses who bought their coins at them is displayed. The $0.45 to $0.47 range was filled with investors, but the asset has already cleared it.

Generally, investors tend to show a selling reaction whenever the price of the asset retests their cost basis from below, as they might be tempted to just exit at their break-even point, rather than risk going into losses again.

Ali had noted that with the dense zone clear, there were no more supply walls in sight for the cryptocurrency. The asset has been making its way up since then, mowing through these centers of relatively weak resistance.

With the path appearing clear in terms of on-chain resistance and a W pattern beginning to form, a move towards higher levels may be coming for the asset.

FTM Price

At the time of writing, Fantom is trading around the $0.548 level, up 34% in the past week.