FTM/USD Brokers

The FTM/USD currency pair represents the value of one Fantom against the United States Dollar. Fantom (FTM) is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open-source. The United States Dollar (USD) is the world's primary reserve currency, used in most international transactions.

Trading the FTM/USD pair involves speculation on the relative strength of the Fantom crypto against the U.S. Dollar. For foreign exchange traders who believe that Fantom's price will increase against the U.S. Dollar, they will buy FTM/USD; conversely, if they believe that Fantom's price will decline or that USD will rise, they will sell or go short on FTM/USD.

As this pair involves a major traditional currency (USD) and a representative of the emerging digital asset class (FTM), factors influencing its value can be quite diverse, ranging from macroeconomic indicators and market sentiment to technological advancements within the Fantom network. It is crucial for traders to stay informed about these factors to make effective trading decisions.

The value of FTM/USD pair is influenced by several fundamental factors. Firstly, it is sensitive to the underlying economic conditions in the United States and the countries where the Fantom Foundation operates; stronger economies usually translate to stronger currencies. Key indicators to watch include GDP growth rates, interest rates, inflation and political stability.

Secondly, the pair is influenced by the global demand for either the FTM (Fantom) or the USD. As Fantom is a cryptocurrency, its value can be significantly influenced by market sentiments and technological developments in the blockchain sector. Any news that bolsters the credibility or usability of Fantom could strengthen the FTM against the USD.

Furthermore, the monetary policies of the Federal Reserve (Fed) in the United States and global central banks also have a big impact on FTM/USD. For instance, when the Fed increases interest rates, it often leads to a rise in value for the USD as it attracts foreign investment, which can potentially affect the FTM/USD pair.

Lastly, geopolitical events and global risk appetite also significantly influence FTM/USD. In times of economic uncertainty or instability, investors might flock to 'safe haven' assets like USD, which could potentially weaken FTM against the USD. Conversely, in times of economic prosperity, riskier assets like cryptocurrencies might become more attractive, possibly strengthening FTM against the USD.