Fantom’s network activity remained high as its unique addresses climbed.
Market indicators suggested the possibility of a trend reversal.
Fantom [FTM] investors have had a tough time over the last few days as the token’s price sank. This happened at a time when the blockchain registered promising growth in terms of its network activity.
However, will high network activity be enough for FTM to paint its chart green?
Fantom’s charts are red!
The last week was somewhat unfortunate for Fantom as it shed its value in double digits. According to CoinMarketCap, FTM was down by more than 23% in the past seven days.
In the last 24 hours alone, the token’s value plummeted by 8.5%. At the time of writing, Fantom was trading at $0.3694 with a market capitalization of over $1 billion.
Since FTM’s price sank substantially, AMBCrypto checked investor behavior. Our analysis of Santiment’s data revealed that FTM’s Supply on Exchanges increased in the last week, while its Supply out
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