Fantom price defies the crypto market downtrend as traders anticipate a new token launch and mainnet upgrade.
FTM, the native token of the Fantom layer-1 smart contract platform, rose 5% in seven days to $0.6850 on Oct. 2. This is part of a rebound that began on Sept. 6 and has seen the price rise more than 71% over the last 30 days.
According to data from Cointelegraph Markets Pro and TradingView Fantom (FTM) price rose from a low of $0.3574 on Sept. 6, climbing as much as 103% to a four-month high of $0.7642 on Oct. 1.
FTM/USD daily chart. Source: TradingView
