• Fantom (FTM) price rose modestly ahead of the upcoming US inflation data.
• Investors are waiting for the launch of fUSD stablecoin.
• Inflation numbers will have an important role for other financial assets like stocks and commodities.
Fantom (FTM) Price Rebounds Ahead of US Inflation Data
Fantom (FTM) price made a small comeback on Tuesday as investors waited for the upcoming American consumer inflation data. It rose to a high of $0.4780, which was a few points above this week’s low $0.4138.
US Consumer Inflation Data Ahead
The main catalyst for FTM will be the upcoming American consumer inflation numbers scheduled for Tuesday. Economists expect the data to show that the country’s inflation inched downwards in January as goods prices retreated.
Impact on Financial Assets
These inflation numbers will have an important role for Fantom and other cryptocurrency prices like Bitcoin and Ethereum. They will also have an important role for other financial assets like stocks and commodities. Their impact is that they will have an impact on the Federal Reserve.
fUSD Stablecoin Launch
Investors are also waiting for the upcoming fUSD stablecoin launch. The news was recently confirmed by Andre Cronje, an influential figure in the ecosystem.
Fantom Price Prediction