Fantom (FTM) and Dogecoin (DOGE) Prices Pumping – Here’s Why

Fantom (FTM) and Dogecoin (DOGE) have witnessed significant price surges. The recent announcements and market movements have contributed to the growing excitement and interest in these digital assets.

Coinbase International Exchange, one of the leading cryptocurrency exchanges, has revealed its plans to add support for Fantom (FTM). The introduction of FTM-PERP markets on Coinbase International Exchange and Coinbase Advanced is set to take place on or after 9:30 am UTC on March 28, 2024. This development has sparked optimism among FTM holders and enthusiasts.

The news of Fantom’s integration into Coinbase has garnered attention on social media platforms. TrippySteve22, an analyst in the cryptocurrency community, expressed their enthusiasm on Twitter, stating, “Well.. $FTM getting some recognition from @coinbase. Now just get it on the main dapp and #Fantom will be off to the races with #FantomSonic approaching and tons of fresh dapps coming to chain by our man @AndreCronjeTech. And still other unknown factors like sidechain tech.”

Additionally, AltFINS, a platform specializing in crypto analytics, has provided insights into the current price movements of Fantom (FTM). According to their analysis, FTM is currently in an uptrend, trading within a Channel Up pattern. The price recently broke above the $1.00 resistance level, signaling the continuation of the uptrend with a potential 25% upside to reach $1.25. Traders are advised to monitor the price closely and set alerts for any significant breakout from the channel’s trendlines. The overall trend for FTM is positive, with an uptrend observed across short, medium, and long-term time horizons.

DOGE Continues Upward Trajectory

Meanwhile, Dogecoin (DOGE), the popular meme-inspired cryptocurrency, has also experienced a surge in price. Rekt Capital, a respected crypto analyst, highlighted that DOGE successfully rebounded by 24% after tagging the Macro Downtrend. This rebound confirms a new Macro Uptrend for Dogecoin, indicating a positive trajectory for the digital asset.

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Following Rekt Capital’s analysis, the price of DOGE has continued its upward movement. Currently trading at $0.16, DOGE has surpassed the $0.15 mark and shows potential for further growth. Analysts anticipate the price of DOGE could potentially reach as high as $0.20, with a subsequent target of $0.27.

The recent developments surrounding Fantom (FTM) and Dogecoin (DOGE) have ignited enthusiasm within the crypto community. The integration of FTM into Coinbase and the positive price movements of DOGE are indicative of the growing adoption and interest in these digital assets. Traders and investors are closely monitoring these developments, seeking potential opportunities within the cryptocurrency market.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.