While Fantom Price Explodes, These Coins Might 10x

cryptonews.com:

FTM, the token that powers the high-performance smart-contract-enabled Fantom layer-1 blockchain protocol, has seen a stunning return to form this year. Some pre-Fed meeting profit taken has seen it slip back under $0.52 from the more than eight-month highs it hit above $0.55 on Tuesday.

But FTM/USD continues to trade up a jaw-dropping 160% since the end of December 2022, with the pace of its exponential rate of gains picking up over the course of January. Crypto markets have benefitted this year from a combination of bets that 1) 2023 will be a better year on the macro front as US inflation rapidly falls, allowing the Fed room to “pivot” to a more dovish stance and 2) that 2022’s bear market might now be over.

Of course, some analysts expect the Fed to knock cryptocurrency markets back by disappointing expectations for an imminent dovish policy signal. That could send Fantom back towards support in the $0.42-44 area. But bulls remain confident that Fantom’s continued impressive ecosystem growth rate and strong financial position, combined with a generally better macro backdrop, should support further upside in the months ahead.

If FTM can clear resistance in the $0.55 area (the late May 2022 highs), the door should open to a near-term run towards resistance in the $0.65 area, a low from late April 2022.

Fantom has great potential in 2023, having already enjoyed a strong start. Many other altcoins of promising layer-1 protocols might also experience big upside (Cardano, Solana, Aptos, Avalanche etc.), assuming a continued resurgence in the market’s appetite for risk.

But investors looking for high potential returns should also consider another type of crypto investing – presales. Up-and-coming crypto projects often offer the