@BOMBERuss 4 October 2021 more from that month

Trader Scott Melker identified three altcoins that, in his opinion, have come out of a downtrend and will significantly increase their value in the near future. The analyst claims that a sharp increase should be expected from FTX Token, Polygon and Fantom. This is what RBC Crypto writes about. FTX Token Melker believes that FTX Token interrupted the local downtrend after the value of the coin successfully pushed off from the key support level, which is around $ 48. The coin's reaching the $55 mark confirms the token's return to growth, the trader added. The first target within the framework of the uptrend that has begun for FTX Token is at the level of $63 (an increase of 15% from current levels), Melker is sure. When it is reached, the prospect of updating the historical maximum at around $ 85 (an increase of 55%) opens. On October 4, FTX Token is trading at $55.4. Over the past month, the cryptocurrency has fallen in price by 12%, and its capitalization has decreased to $ 6.6 billion, according to CoinGecko. FTX Token (FTT) is an internal token of the FTX cryptocurrency derivatives exchange. A part of the commission charged by the trading platform for transactions is distributed among the token holders. Polygon The Polygon token chart also shows the completion of a downtrend, the analyst believes. In his opinion, altcoin will soon begin to regain its position. The first important resistance level for Polygon is around $1.7 (an increase of 34% from current levels), Melker explained. On October 4, the price of Polygon is $1.27. During the month, the token fell in price by 13%, and its capitalization decreased to $ 8.4 billion. Polygon is an Ethereum-compatible second-level sidechain running on the PoS (Proof-of-Stake) algorithm. This network works faster and with lower fees than the main Ethereum network. Fantom The Fantom token has already overcome an important resistance at $ 1.25, which will allow it to begin recovery in the near future, Melker is sure. As a confirmation of this, the analyst noted that Fantom has already tested the $1.25 level as support. According to the trader, in the near future we should expect the growth of Fantom to $ 1.94 (an increase of 37% from current levels), since the first important resistance is located in this zone. On October 4, the Fantom token is trading at $ 1.4. Over the past four weeks, the cryptocurrency has risen in price by 47%, and its capitalization has increased to $ 3.6 billion. Fantom is a blockchain whose main task is to solve the scalability problem of existing platforms based on distributed registries. Top Crypto Gainers today: #CryptoTrading