Fantom Experiences Significant Price Surge with Potential for a Correction ahead

The introduction of this process has enticed numerous fresh participants to become part of the network. However, it seems that this development has evoked a contrasting sentiment among current holders. This can be supported by examining the Market Value to Realized Value (MVRV) ratio. The MVRV ratio serves as a measure of investors’ gains and losses, and Fantom’s 30-day MVRV of 14% signifies profitability, which in turn could lead to increased selling activity. It’s worth noting that historical data indicates that FTM corrections have previously occurred within the MVRV range of 7% to 21%, which is commonly referred to as the “danger zone”. For the latest financial and business news, visit COINTURK FINANCE.