Investors are wondering whether it is too late to buy Fantom (FTM) as the price continues to climb to new monthly highs. Currently sitting at $0.8744, FTM has seen a 35% increase in the past seven days. The positive momentum in the market this week can be attributed to a shift in the SEC’s position on Ethereum ETFs, with several major firms filing applications for ETFs. Additionally, macroeconomic factors like US jobs data and CPI inflation are also contributing to a positive outlook for crypto markets.
Despite the recent price surge, there are still potential opportunities to invest in Fantom. FTM is currently trading nearly 30% below its 2024 highs and significantly lower than its all-time peak of $3.70 in 2021. If FTM can surpass its previous highs, investors could see substantial returns. The outlook for Fantom in this bull market remains strong, with the Fantom Foundation launching initiatives like meme season on the blockchain to accelerate FTM’s appreciation, similar to what was seen with Solana.
For investors seeking alternative options with potential for greater upside, Wiener AI (WAI) is recommended. This meme coin offers AI-powered trading tools and has already raised over $2.5 million in its presale. With 20% of the supply allocated to staking rewards and a high APY of 396%, investors can potentially double their initial investment in a short period. Leading crypto analysts like Michael Wrubel rank WAI as a top crypto for 2024, citing its growth potential. The current market cap of WAI is under $50 million, providing early investors with the opportunity for significant gains, possibly up to 100x or more.
In conclusion, while the price of Fantom has seen a significant increase recently, there is still room for growth, especially if it can surpass previous highs. The overall outlook for crypto markets remains positive, driven by factors like the SEC’s changing stance on ETFs and macroeconomic conditions. For those looking for potential high returns, Wiener AI presents a unique opportunity with its AI capabilities and staking rewards. As with any investment in crypto, it is important to be aware of the high-risk nature of the asset class and conduct thorough research before making any investment decisions.
