Fantom (FTM) Hit By Bearish Sentiment Despite Logging Over 300,000 Active Users

Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week. Fantom treads the bearish route as negatively impacted by the crash of the crypto market FTM social metrics down Fantom records over 300,000 active weekly users The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline. Fantom admits that they have been severed by the bearish impact of the crypto market triggering a plunge. More so, average daily transactions on Fantom from August 11 to 18 accumulated to roughly 44,300. Related Reading: XRP Signals Considerable Uptick – Will Social Media Lift Its Price Past $0.34? Fantom Goes Bearish, Sheds 4.71% Additionally, Fantom network transactions from August 11 to 17 also dropped by 0.11% or a decline from 847,000 the other week to 846,000 that was penned last week. According to CoinMarketCap, FTM has dropped by 4.71% or trading at $0.2911 as of this writing. The number of unique wallet addresses that actively traded on Fantom from August 11 to 18 also declined by 48%. Notably, this month, the daily active wallet addresses on FTM have dropped by 65%. Around 18,690 new wallet addresses were spawned based on the new wallet addresses verified on the network. But, as FTM price dropped in that given period, the number of new unique wallet addresses created on Fantom also plummeted. In almost a month, a dip of 19% was observed i...