FTM has been the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours.
The rally comes after Fantom announced its integration with Ledger Live.
FTM could rally toward the $0.270 resistance level in the near term.
Fantom integrates with Ledger Live
FTM, the native token of the Fantom blockchain, is the best performer amongst the top 100 cryptocurrencies by market cap so far today. It has added 10% to its value in the last 24 hours.
The rally comes after the Fantom Foundation announced that Fantom had integrated with Ledger Live.
Fantom just arrived on @Ledger Live!
Users can now send, receive & view their $FTM directly through the Ledger Live app.https://t.co/cfbXguC0US pic.twitter.com/PFUPEyQkrW
— Fantom Foundation (@FantomFDN) November 29, 2022
Ledger is one of the leading hardware wallet manufacturers in the cryptocurrency space. This latest cryptocurrency news means that users can now send, receive and view their FTM directly through the Ledger Live app.
The broader crypto market has been performing well since its poor start to the week. The total crypto market cap is now above $850 billion after adding 2% to its value over the last few hours.
Bitcoin is also up by more than 2% in the last 24 hours. At press time, the price of Bitcoin stands close to the $17k resistance level.
Key levels to watch
The FTM/USD 4-hour chart is bullish, as Fantom has been performing well in the last few days. Technical indicators show that FTM is outperforming the broader cryptocurrency market.
With the MACD line above the neutral zone, bulls are currently in control of the Fantom market. Furthermore, the 14-day relative strength index (RSI) of 84 indicates that FTM is very close to entering the overbought zone.
At press time, FTM is trading at $0.2395 per coin. With the bulls still in charge, FTM could surge past the $0.270 resistance level in the coming hours.
However, FTM would need the support of the broader cryptocurrency market to break past the $0.30 resistance level for the first time in nearly one month.
Where to buy Fantom now
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
The post FTM soars by 10% after Fantom integrates with Ledger Live appeared first on CoinJournal.
Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News
Breaking News: Yuga Labs Founder Steps Down for Health Reasons
NFT Entrepreneur and Yuga Labs founder Wylie Aronow, creator of Bored Ape Yacht Club and CryptoPunks, Takes Time Off for Health.
NFT Entrepreneur and Yuga Labs founder Wylie Aronow, creator of Bored Ape Yacht Club and CryptoPunks, Takes Time Off for Health after CHF Diagnosis.
Yuga Labs Founder Steps Down
Wylie Aronow, one of the co-founders of Yuga Labs, recently announced that he will be taking a leave of absence from the company due to health reasons. In a tweet, he shared that he had been diagnosed with congestive heart failure. Aronow, who is also known by his pseudonym Gordon Goner, stated that the symptoms started last year and that he had delayed seeking medical attention so he could continue working. However, after undergoing testing, his doctor advised him to make significant changes to his lifestyle.
Aronow announced his departure from his role at Yuga Labs to focus on his health. In a statement, he stated that he would be taking a leave of absence to prioritize his well-being. Although he will no longer have a full-time position at the company, Aronow will continue to serve as a Board Member and Strategic Advisor, though the extent of his involvement in these capacities was not specified.
In a tweet, Aronow explained his departure. He stated that his chronic illness consumed most of his twenties and that he overexerted himself at Yuga Labs, working 12 hours daily. He regrets not finding balance, despite advice from those around him. Aronow’s priority now is to seek medical treatment and focus on healing.
Yuga Labs, with Aronow, gained recognition in early 2021. Aronow and co-founders Greg Solano (Gargamel), Zeshan (Sass), and Kerem (Tomato Ketchup) launched the Bored Ape Yacht Club (BAYC) NFT collection on April 23, 2021. The collection became a massive success. Although the NFTs were initially priced at .08 ETH per ape (around $190), they soon sold for over $100,000 on secondary markets.
Wylie remains a board member and advisor at Yuga Labs. In a Twitter thread, he expressed his confidence in Yuga’s future and the leadership of @cryptogarga. The addition of Daniel Alegre, soon-to-be former President and COO of Activision, further strengthens his positive outlook. Wylie also has a bright future ahead for his brand.