Assessing if Fantom’s new mainnet upgrade is enough to fuel FTM’s recovery

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Assessing if Fantom’s new mainnet upgrade is enough to fuel FTM’s recovery
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Fantom’s new mainnet upgrade comes with several new features Unique addresses and revenue have increased, but a few metrics remain bearish Fantom [FTM] recently launched a new mainnet upgrade named go-opera version 1.1.2-rc.5 which brings a few new features. For instance, the latest upgrade comes with improvements in batched Genesis block processing, configurable DB management, […]

While most of the cryptos were affected by the ongoing bearish sentiment in the market,Fantom’s price appreciated by over 6% in the last 24 hours, and at press time, it was trading at $0.4213.revealed that FTM’s stochastic was in an oversold position – A bullish indicator.

Another bullish signal was FTM’s MVRV Ratio, which showed signs of recovery by rising slightly over the last few days.Here, it is interesting to note that FTM accumulation also rose over the course of the month as supply held by top addresses shot up.’s supply outside exchanges registered a decline, while the supply on exchanges increased, something that is typically bearish.Subscribe to get it daily in your inbox.

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