Fantom's [FTM] TVL and metrics reveal that future price performance will be...

Bulls rearing to run this morning have been dealt a surprising blow as Bitcoin fell beneath $29,000 and Ether crashed beneath $2,000 – as soon as once more. Different alts have been fast to plunge, and so did their total-value-locked rankings.

One coin that had a very troublesome day was Fantom [FTM]. If the departure of key Fantom personnel Andre Cronje and Anton Nell wasn’t sufficient, traders went right into a frenzy as Cronje was reportedly caught coding just a few days in the past.

Nonetheless, what has the most recent market situations performed to the coin’s value?

Market energy over you grows stronger but

At press time, Fantom’s TVL rating was eight, however the mission’s TVL fell by 68.14% within the final month, bringing it to the press time worth of $1.6 billion. For a body of reference, notice that in late January 2022, Fantom’s TVL was nearer to $13 billion.

Supply: DeFi Llama

If that wasn’t regarding sufficient, FTM was the #55 greatest crypto by market cap, altering fingers at $0.3536, after sliding down by 10.59% up to now day alone and dropping by 3.46% within the final week.

That being mentioned, these numbers aren’t the results of FTM returning to the exchanges. Knowledge from Santiment revealed that from 23 Might, hundreds of thousands of FTM left the exchanges.

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Supply: Santiment

Then again, growth exercise on Fantom was trending downwards at press time. Nonetheless, publish 27 April 2022, growth exercise has been on an uptrend.

Supply: Santiment

Nonetheless, one issue to notice is that Fantom’s Age Consumed has been spiking since late April, to achieve peaks in mid-Might, earlier than declining once more.

This may very well be an indication of extra panicky traders exiting their positions. One other concept is that the coding exercise attributed to Cronje has ignited curiosity amongst traders once more.

Supply: Santiment

That volatility which calls to me. . .

With so many occasions unfolding without delay, the place would possibly FTM’s value head subsequent? TradingView’s Relative Volatility Index [RVI] recorded a price beneath 50, suggesting that future volatility was prone to drag the asset’s value even decrease.