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Fasttoken (FTN) has remained comparatively flat within the final 24 hours with solely a 0.4% worth change. Nevertheless, some worth motion has been seen in the last few weeks, with FTN up 30% up to now month.
The hype behind a brand new trade 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 entire crypto area has struggled to get well rapidly.
The worldwide cryptocurrency market cap is down by 0.5% within the final 24 hours however stays above $1 trillion.
Nonetheless, there are constructive developments round Fasttoken, corresponding to a latest trade itemizing. The profitable xFTN swap may be attributed to those latest positive factors.
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, however it 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 worth seen thus far 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 entire weekend, however on August 21, FTN failed to take care of 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.
Robust Shopping for Momentum
The 50-day easy transferring common (SMA) signifies a robust shopping for momentum. The assist degree at present stands at $1, and patrons have been coming into at this worth to stop the worth from declining additional.
The Relative Worth Index (RSI) at 63 reveals patrons management the market. Nevertheless, the RSI line’s motion reveals sellers’ unsuccessful makes an attempt to reverse the development.
Whereas most indicators level to FTN being bullish, the motion of the transferring common convergence divergence (MACD) line towards the sign line reveals bearish momentum.
The MACD histograms are adverse, 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 trade. The token was listed on Bitget on August 17, with the enterprise providing a giveaway to rejoice the launch.
🆕 Spot New Itemizing#Bitget will listing $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 buddies
Itemizing Information: https://t.co/4xper52Izy
Marketing campaign Information: 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.
Can I commerce FTN outdoors of #FastexExchange?
The reply is YES. ✅
Apart from Fastex Change, you’ll find & #commerce FTN on these #exchanges: #Coinstore, #Bitmart, #XTcom, #MEXC, #P2PB2B, & #Hotbit.
Produce other questions? Remark beneath. 💬 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 worth improve.
Launchpad XYZ is a venture that claims to present traders entry to the required instruments to maximise their revenue potential.
Based on the whitepaper, the venture can even combine synthetic intelligence (AI) to assist merchants make knowledgeable choices.
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