Fantom (FTM) and Cardano (ADA) show a downtrend, while Everlodge (ELDG) attracts investor traction with presale
The bulls have not favored Fantom (FTM) and Cardano (ADA), as both saw a drop in prices on weekly charts. Yet, Everlodge attracts an impressive amount in its presale. Fantom (FTM) is one of the leading DeFi services.
It has been an investor favorite. Furthermore, Fantom (FTM) has advanced features, such as a transaction speed of less than 2 seconds. It helps it gain greater investor traction.
Yet, the past week has not favored Fantom (FTM). It is facing bearish momentum. Furthermore, Fantom (FTM) declined in the last 7 days, and dropped by 8.95%.
Thus, its investors are unhappy. But, Fantom (FTM) is showing recovery in the daily chart. In the past 24 hours, Fantom (FTM) has been on an uptick.
The bulls have pushed Fantom's (FTM) price by 4.19%. Fantom (FTM) currently has a market cap of $743,108,955. Fantom (FTM) is trading at $0.2666.
The recent lawsuit by the SEC against Binance and Coinbase caused a stir in the crypto world. Cardano (ADA) has also taken a hit due to these allegations. The SEC claimed exchanges like Binance and Coinbase sell Cardano (ADA) as an unregistered security.
But, the pro-crypto lawyer, Bill Morgan, took to Cardano's (ADA) defense through a thread. He stated that the functionality and marketing of Cardano (ADA) do not equate to selling it as a security. Further, Cardano joined the thread to confirm that ADA wasn't sold.
Additionally, he further stated that financing for Cardano (ADA) happened in Japan through vouchers. According to Coinbase data, Cardano (ADA) has declined this week. In the past seven days, Cardano (ADA) saw a drop of 22.39%.
Further, Cardano (ADA) has also maintained this trend on the daily chart. Cardano (ADA) fell by 5.83% in the past 24 hours. Currently, Cardano (ADA) is
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