One of the most famous analysts and YouTube channels of the cryptocurrency industry. Coin Bureau with The man, now has 1.55 million followers.
The successful predictions and explanations made by the famous analyst were definitely effective in reaching such a number of followers. In his latest video, Coin Bureau analyst Guy made a similar call to investors, again focusing on a single altcoin.
FTM Will Continue to Rise
The analyst, in his statement in his new video, Phantom (FTM), He underlined that the record will continue to rise. It is known that in the continuation of his previous statement, the price of FTM has increased by 400%, and in fact, the price of FTM has increased by 18,000% since last year. Guy stated the following in his latest video:
“Phantom’s market cap is medium right now, and its fundamentals are actually much, much stronger than most altcoins above it by market cap. This indicates that an uptrend may be seen soon.”
FTM’s token distribution model is slightly different. The key period of FTMs distributed to Fantom’s early investors, founders and advisors has expired, meaning that selling pressure won’t be in sight anytime soon, according to Guy.
GUY emphasized that 500,000 FTMs are distributed almost every day as part of the staking rewards, and emphasized that as soon as the staking program is finished, the price increase will actually be even faster.
Despite this, the analyst also stated that more than half of the total supply of FTM is staked, stating that these two factors actually equalize each other. The analyst who does not give a clear target for FTM expects at least 100%.
*Not Investment Advice.