Fantom (FTM) has recently been trading at $0.4723, reflecting a 1.28% increase over the past 24 hours. This modest rise indicates a steady upward trend in the short term, suggesting ongoing investor interest and market engagement.
With a market capitalization of approximately $1.32 billion, Fantom is ranked as the 64th largest cryptocurrency by market cap. This substantial valuation underscores its significant role within the cryptocurrency space and indicates a solid level of investor confidence.
The 24-hour trading volume for FTM is $91.15 million, which represents a 32.74% increase from the previous day. This rise in trading volume contributes to a volume-to-market cap ratio of 6.88%.
This ratio is relatively high, suggesting that a significant portion of Fantom’s market cap is actively being traded, which can be a positive indicator of liquidity and market activity.
Fantom has a circulating supply of 2,803,634,836 FTM out of a total supply of 3,175,000,000 FTM. This means that approximately 88.3% of the total supply is currently in circulation.
The absence of a maximum supply cap implies that additional tokens could potentially be introduced in the future. The fully diluted market cap, reflecting the total market value if all FTM tokens were in circulation, is approximately $1.50 billion.
This value is higher than the current market cap, indicating that there is still a portion of the total supply that could influence future market dynamics.
Overall, Fantom (FTM) presents a notable profile within the cryptocurrency market. Its substantial market cap and significant trading volume reflect a solid market presence and robust liquidity.
The high volume-to-market cap ratio underscores active market participation, while the gap between the current market cap and the fully diluted market cap suggests potential future developments as more tokens become available.
Investors should keep an eye on Fantom’s ongoing performance and broader market trends to make informed investment decisions. The current metrics indicate that FTM is an established asset with considerable market activity and growth potential.
As always, careful consideration of market conditions and ongoing developments is essential for navigating investments in the evolving cryptocurrency sector.
