The prospects for the Ferrum network are looking good. The coin is up 66% from its ICO price and about 120% up from its lows. The project is making noise with the launch of UniFyre Wallet. A cryptocurrency wallet which provides users to send money with the help of a link. FRM/BTC currently has a daily volume of $639,712 USD.
Ferrum Network Technical Analysis
On the 1 day and 4hr time-frame, Ferrum’s price has broken out of the wedge formation with a significant volume. The price is not new a new price discovery area where the price has never entered before. This is going to be interesting for the Ferrum network as it currently has a very limited supply and a lot of its early investors are staking their cryptocurrency.
Ferrum Network Price Analysis
On higher time-frame, we can see that Ferrum network is facing a bit of selling pressure after this bullish rally. This has lead to a change in the supply and demand; the price is still adjusting and correcting to it. Ferrum’s price is creating higher highs and higher lows indicating a bullish momentum ahead.
What is Ferrum Network?
Ferrum Network is a Directed Acyclic Graph (DAG) that focuses on the interoperability of the network to make a network with free flow of information and compatibility. Ferrum Network has recently launched UniFyre Wallet with link drop ability and multi-layered security. UniFyre’s integrated Web3 browser allows users to interact with decentralized applications (Dapps) directly.