{"id":39197,"date":"2023-07-22T17:48:11","date_gmt":"2023-07-22T21:48:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/fantom-coin-is-going-to-zero-as-ftm-price-plummets-15-but-all-attention-is-on-evil-pepe-after-raising-160000-how-to-buy-early\/"},"modified":"2023-07-22T17:48:13","modified_gmt":"2023-07-22T21:48:13","slug":"fantom-coin-is-going-to-zero-as-ftm-price-plummets-15-but-all-attention-is-on-evil-pepe-after-raising-160000-how-to-buy-early","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39197","title":{"rendered":"Fantom Coin is Going to Zero as FTM Price Plummets 15% But All Attention is On Evil Pepe After Raising $160,000 \u2013\u00a0How to Buy Early?"},"content":{"rendered":"
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Following a failed recovery rally, Fantom (FTM) is facing a continuation of the bleak price action that has plagued the mid-ranked Layer-1 since May 2022.<\/p>\n

A short-lived +230% rally at the start of the year has given way to a multi-month cascading price action, which has seen a tough -60% bleed-out for dedicated Fantom holders.<\/p>\n

Fantom (FTM) Price Analysis: Things Take a Turn for the Worst<\/strong><\/h2>\n

With Fantom price now trading at a lowly $0.2575 (a 24 hour change of -0.08%) many are now wondering whether FTM is destined to fall to zero.<\/p>\n

Indeed, downside momentum has dominated the chart since touching the upper-trendline on April 13, which sent price plummeting below the 20DMA (which has formed a hard ceiling of local resistance ever since).<\/p>\n

Worse still, on May 24, a brief period of supportive footing from the 200DMA gave way, leaving price in free-fall to current rock bottom price levels.<\/p>\n

Recent attempts to break back above the 20DMA have been slapped-down in tough rejection moves, further adding to the bleak outlook for ongoing price moves.<\/p>\n

With price now hovering above the foundation price level at $0.025 – holders are in a state of anxiety – desperate for a fundamental change to the stormy headwinds.<\/p>\n

Indicators provide little reassurance, while the RSI is showing bullish divergence at 40.9 – the swift rejections from resistance at the 20DMA on July 5 and July 14 could indicate a need to cool off further to 30.<\/p>\n

And this is a view reinforced by the MACD, which shows bearish divergence at -0.0029.<\/p>\n

Despite the declining interest, there could be a glimmer of hope in Fantom’s risk: reward structure.<\/p>\n

Upside potential from here is targeting a reclamation of price level above the 20DMA around $0.31 (a possible +38% move).<\/p>\n

While downside risk here is minimised, with strong local support likely to be found at the lower trendline around $0.21 (a small -17.4% decline).<\/p>\n

This leaves FTM with a respectable risk: reward structure of 1.65 – suggesting all might not be quite over yet for this mid-rank altcoin.<\/p>\n

Best Fantom Alternative: $EVILPEPE Meme Coin Sensation<\/strong><\/h2>\n

Yet while Fantom is facing tough prospects, smart money are continuing to make huge gains of the latest and greatest memecoins.<\/p>\n

One such project, Evil Pepe Coin ($EVILPEPE) stands out not as a mere imitator but an innovator with exponential growth potential.<\/p>\n

The audacious cousin of 2023\u2019s best-performing meme coin, Pepe Coin, $EVILPEPE is set to ride the wave of its predecessor’s success with a twist of its own.<\/p>\n

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The initial valuation of this promising token is at a measly $2 million, presenting a ground-floor opportunity for potential investors.<\/p>\n

With proven teams behind it that brought us Thug Life Token ($THUG) and SpongeBob ($SPONGE), $EVILPEPE is expected to replicate or even surpass the success of these meme coins which saw gains of up to 100x.<\/p>\n

But $EVILPEPE’s prospects do not rest solely on its team’s pedigree – its marketing approach, leveraging influencer partnerships and strategic promotion across social media and crypto news outlets, ensures wide visibility, an essential ingredient for growth in this space.<\/p>\n

The success of $THUG and $SPONGE attest to the efficacy of this strategy.<\/p>\n

Superior Tokenomics of $EVILPEPE\u00a0<\/strong><\/h2>\n

Moreover, $EVILPEPE’s commitment to community reflects in its initial token offering.<\/p>\n

With 90% of its supply up for grabs during the presale and a one-month lock on 10% for DEX liquidity, the coin reassures investors about stability and fairness.<\/p>\n

It sidesteps pump-and-dump pitfalls and instils confidence in its serious commitment to long-term value generation.<\/p>\n

The $EVILPEPE team has an ambitious market cap goal of $100 million, a near 50x from its initial valuation.<\/p>\n

This, coupled with the team’s dedication to pushing boundaries in the meme coin space, underlines the immense growth potential of this new entrant.<\/p>\n

Buy EVILPEPE Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n