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TL;DR Fantom (FTM) has experienced a 183% increase in its price in just four weeks. The anticipated upgrade known as Sonic is driving the recent success of FTM by improving its underlying technology without the need for a hard fork.
The Fantom (FTM) network has attracted more investors and developers as a layer one blockchain due to its upcoming Sonic upgrade.
Fantom's native token FTM is up over 190% in just four weeks, with most anticipating the Sonic upgrade.
Fantom has emerged as the top performer in the top 100 cryptocurrencies, showing resilience while most of the rest of the market sees red.
Over the past 24 hours, Fantom (FTM) has emerged as the standout performer among the top 100 cryptocurrencies by market capitalization, registering a remarkable 13.5% gain. This surge is part of a broader rally that has seen the FTM price soar by 180% over the last four weeks, propelling it from $0.42 to $1.20.
As Bitcoin (BTC) price shows early signs of consolidating around the current levels before the halving economics catches up, cryptocurrency traders are shifting their focus to the altcoin market to catch higher volatility. Moreover, volatility is vital to every investor seeking to benefit from the cryptocurrency market.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Cutting-edge blockchain projects and their innovative technology is a reason for backing new companies in the crypto space. However, both Binance (BNB) and Fantom (FTM), layer 1's from the 2021 bull market, are currently flying high.
Fantom's impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency.
Coinbase International Exchange has announced the addition of support for Fantom (FTM) and THORChain (RUNE);perpetual futures trading. The announcement of FTM-PERP and RUNE-PERP markets noted that the trading is set to commence at 9:30 a.m.
Are you ready to discover some hot altcoin picks? In a recent YouTube video, crypto analyst Miles Deutscher spilled beans on several altcoin picks poised for 15X growth in the current market scenario. With a focus on identifying tokens showing strength and resilience, Deutscher outlined various projects spanning various sectors within the crypto space.
A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level.
Fantom (FTM) price hit the ceiling today as the cryptocurrency has declined by more than 6% in the last 24 hours.
Fantom (FTM), a cryptocurrency known for its high-speed smart contract platform, has been making headlines recently with its price movements and market predictions. As of the latest data, Fantom is ranked #43 by market cap at $2.9 billion, with a trading volume of $863 million in the last 24 hours.
Discover the key drivers behind Fantom's recent price surge and the factors contributing to its bullish momentum.
The crypto industry experiences a significant bounce back with the total market cap recording a jump of over 7% within the past 24 hours. Further, top crypto tokens such as Bitcoin and Ethereum have added approximately 10% each in their respective portfolios, highlighting a bullish reversal in the crypto space.
Fantom decoupled from the market as its daily and weekly charts were green.
The crypto markets are undergoing a roller coaster ride, with the Bitcoin price forming lows below $60,800 and also rebounding to reach highs above $64,300. Although the volume remained relatively low, the bears influenced the rally only for a few hours. This enabled significant price action, which triggered a strong recovery in no time.
Fantom (FTM) has soared above the recent crypto market storm, emerging as one of the top-performing cryptocurrencies over the past week. While Ethereum and Bitcoin values plunged alongside other altcoins, FTM's value increased by 15% resulting in a 10% boost in its Market Cap within the past 24 hours.
Amidst anticipation surrounding the Federal Open Market Committee (FOMC) meeting and its potential impact on interest rates, cryptocurrency enthusiasts are turning their focus to alternative assets offering promising prospects.
However, amidst the turmoil, Fantom stood strong above $0.8 and even surged by 18.87%, surpassing $1 again. Now, the question remains whether this recovery will endure amid ongoing market fluctuations.
Now, the big question is whether this bounce-back will last. Let's take a look at the Fantom price prediction article
Fantom Price: On March 19th, the cryptocurrency market experienced a further decline, with Bitcoin, the preeminent digital currency, falling beneath the significant $65,000 threshold. This downward movement reverberated throughout the market, leading to extended losses among major altcoins including Fantom (FTM).
Fantom (FTM) has seen a notable surge in the percentage of profitable holders, reaching 55%. A similar milestone was historically accompanied by a dramatic 858% increase in FTM price in less than four months.
