{"time":1703502063020,"blocks":[{"id":"UUUU7kXk8A","data":{"text":"Ho-Ho-Hodling the Altcoin Season: A Look at Fantom's FTM","level":2},"type":"header"},{"id":"Ulseeu9kPu","data":{"text":"It's the Ho-Ho-Hodl season of love, merry Christmas readers. On Santa's list, we have a task to review altcoins and that's what we're going to do today. JSYK, Altcoins or alts as we know them, are cryptocurrencies that exist on the blockchain aside from BTC. A lot of altcoins have emerged since the birth of ETH, some on L1, some on L2, some as oracles, all together pushing for a fully working decentralized blockchain ecosystem. "},"type":"paragraph"},{"id":"ZuH1bM0LSN","data":{"text":"In the last 2 years, we've seen a decline in the market cap of cryptocurrency, generally due to bearish conditions (LUNC saga, FTX saga, and inflation issues). In the last 3 months, there's been a rise in price of full market cap resulting from factors like #BitcoinETF proposals, airdrops, etc. As the dominance of BTC reduces to 48.5% as of today, some altcoins are surging with full force, producing multiples like 2x, 3x, and even 5X, and in return hinting at the \"altcoin season.\" Let's take a look at some of them one by one. Today, we're wrapping up our virtual presents with a closer look at Fantom (FTM), a fast, scalable, and secure platform fueling the future of decentralized applications (dApps)."},"type":"paragraph"},{"id":"s59FzpTAcX","data":{"text":"Fantom Under the Microscope:"},"type":"paragraph"},{"id":"_EJhlLNMKs","data":{"items":["Built for Builders: Fantom boasts a powerful trifecta of consensus mechanisms – Proof-of-Stake, aBFT, and Leaderless – ensuring a robust and secure foundation for developers to craft their decentralized dreams.","Fueling the Network: $FTM, the native token, powers transaction fees, gas charges, and governance, essentially acting as the lifeblood of the Fantom ecosystem.","Tokenomics with Bite: With a capped supply of 3.175 billion FTM and over 65% already in circulation, scarcity meets utility, offering a compelling proposition for hodlers and network participants.","Staking Your Claim: Earning a cool 6.15% APR just for holding FTM? Who wouldn't be tempted? Stake for a year and watch your stash grow while securing the network."],"style":"unordered"},"type":"list"},{"id":"hdOo898SF8","data":{"text":"Fantom's Sonic Boom:"},"type":"paragraph"},{"id":"cYft8RtaK7","data":{"text":"The recent launch of the Fantom-Sonic testnet sent a sonic boom through the cryptosphere, igniting a price surge that had Santa Claus scratching his beard in awe. So, where do we go from here?"},"type":"paragraph"},{"id":"2qyUkhR0EO","data":{"text":"Charting the Path Forward:"},"type":"paragraph"},{"id":"tGMXBYhbg_","data":{"file":{"url":"https://publisher-ap.s3.eu-central-1.amazonaws.com/next-s3-uploads/01e0e01c-ebc4-4ee9-9ac9-d774abefd396/FTMUSDT_2023-12-24_14-03-41.png"},"caption":"weekly chart on FTM/USDT","stretched":false,"withBorder":false,"withBackground":false},"type":"image"},{"id":"HtioTzd6JE","data":{"text":"Using trusty ol' technical analysis, we've mapped out three potential scenarios for FTM:"},"type":"paragraph"},{"id":"NlAdUCz155","data":{"text":"Scenario A: Bullish Blitzkrieg: A relentless surge fueled by positive news and the general altcoin frenzy."},"type":"paragraph"},{"id":"oOBKEpBKiL","data":{"file":{"url":"https://publisher-ap.s3.eu-central-1.amazonaws.com/next-s3-uploads/8f1ec953-f1a7-47ff-a6fa-53cb00815f65/FTMUSDT_2023-12-25_10-53-06.png"},"caption":"","stretched":false,"withBorder":false,"withBackground":false},"type":"image"},{"id":"63txVc2BWp","data":{"text":"Scenario B: Healthy Hiccup: A breakout followed by a retracement presents a sweet entry point for the discerning investor."},"type":"paragraph"},{"id":"FtJy7VzYtM","data":{"text":"Scenario C: We see a fake breakout on FTM and then a sharp rejection in price, leading to a break of structure to the downside. Then derivatives traders take a short position upon retracement. "},"type":"paragraph"},{"id":"nWXcHmUhoE","data":{"file":{"url":"https://publisher-ap.s3.eu-central-1.amazonaws.com/next-s3-uploads/4e5a7167-e3bc-4bb5-9468-39d3fd6ec4dc/FTMUSDT_2023-12-25_11-03-09.png"},"caption":"","stretched":false,"withBorder":false,"withBackground":false},"type":"image"},{"id":"jNz9gXtzfk","data":{"text":"Trading Tales:"},"type":"paragraph"},{"id":"UGbgvGBrY1","data":{"text":"Remember, dear readers, even Santa can't predict the market with perfect accuracy. While scenarios A and B offer tempting opportunities for spot and derivatives traders, scenario C serves as a stark reminder of risk management. Only invest what you can afford to lose, and trade with a healthy dose of caution."},"type":"paragraph"},{"id":"50WjYab1WJ","data":{"text":"Where to Find Fantom's Festive Cheer:"},"type":"paragraph"},{"id":"_LBA14ULLV","data":{"text":"Ready to join the Fantom Fiesta? You'll find FTM listed on a sleigh-full of reputable exchanges, waiting to be unwrapped."},"type":"paragraph"},{"id":"lnpfAy18ea","data":{"text":"https://fantom.foundation/where-to-buy-ftm/"},"type":"paragraph"},{"id":"GTQtD75GTy","data":{"text":"So, this holiday season, don't get stuck stocking your wallet with coal. Take a bite out of the Fantom apple, and who knows—you might just discover a crypto gem nestled amidst the festive cheer."},"type":"paragraph"},{"id":"PQHxn1NFU0","data":{"text":"Please note: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions."},"type":"paragraph"},{"id":"Cboohw4CQG","data":{"text":"Merry Christmas, and happy hodling!"},"type":"paragraph"}],"version":"2.26.5"}