Bulls hungry for more as Factom [FCT] surges 58% in a week
Factom [FCT] is riding a bullish wave. The cryptocurrency has steadily risen over the past few days breaching key resistance levels. It is currently the best performer in the market. The market cap of the cryptocurrency has surged by 58% in a week, The crypto asset is currently spotting a market cap of $112.76 million.
Factom [FCT] prices have fared well in a bearish crypto market. It has maintained its position among top performers continuously since the market collapsed. Factom prices are constantly recording gains and staying above the bullish trendline. The prices are soaring in the market owing to increased buyers. The RSI shows healthy buying of the coin. The crypto asset has breached the resistance level found at $12.37. The next major resistance level is traced at $18.26. The MACD for the coin is showing a strong bullish momentum. The 100 EMA line trading at $10.75 is showing an uptrend. The crypto asset is currently exchanging hands at $13.04 and is surging against USD by 21%.
The virtual currency is gaining against Bitcoin [BTC] by 17.21%. At the time of writing one FCT is equal to 0.00309479 BTC.
Factom Latest Updates
- Equator, a mortgage software and marketing firm, has agreed to use Factom’s Harmony blockchain as a service [BaaS]. Speculators say that this has caused a surge in buying of the cryptocurrency. FCT is continuing its uptrend in the market and has also experienced a surge in its market cap by 44%.
- Coincheck, a Japanese crypto exchange, has announced that it will resume trading for XRP and Factom [FCT] on its platform. Coincheck, one of the largest digital currency exchanges of Japan, was subject to a hack in the month of January.
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