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The architects behind Ethereum (ETH) competitor Fantom (FTM) are revealing an internal letter detailing the project's goals and points of focus for the new year.
Fantom's Andre Cronje has laid out the roadmap for 2023 which includes greater focus on expanding the blockchain's dApp ecosystem.
Key Points: In a recent Medium article published on December 26, decentralized finance architect Andre Cronje restated the Fantom ecosystem's aims and ambitions for 2023. Cronje, who previously developed protocols including Yearn.
Fantom has previously pledged to cut its token burn rate by 75% to incentivize DApp development.
A revamped DeFi strategy could be the key to unlocking the value of Fantom.
Fantom founder Andre Cronje on Monday shared the goals and priorities for the next year 2023. Over the next 12 months, the primary goal will be to create a sustainable environment for DApp developers, while distinguishing itself from other layer-1 solutions.
On December 24, Andre Cronje, who rejoined the Fantom Foundation as an architect in November, posted a performance review of (FTM) in 2022. The post Fantom growth in high ‘triple digits' despite crypto winter appeared first on CryptoSlate.
Credit cards typically settle around 5,000 transactions per second (TPS). What this means is that blockchain networks need to exceed this amount in order to scale globally and be able to replace centralized payment processors. Cosmos Hub (ATOM/USD), Fantom (FTM/USD), and Solana (SOL/USD) are some of the best blockchains that can replace centralized payment processors.
Bitbond has added support for Fantom Blockchain, according to a statement issued by the company. Fantom Blockchain is a high-performance distributed ledger technology that aims to provide a superior alternative to established blockchains.
Fantom [FTM] clinched the number one spot on the ranking of altcoins that outperformed Bitcoin [BTC] on 14 December, data from LunarCrush showed.
Over the past couple of days, previously stablecoin-hugging traders and investors have deployed capital and entered the crypto markets with some confidence. Evidence for this was present on the Tether Dominance chart which fell from 8.27% on Monday to stand at 7.94% at press time.
The crypto market has been in a steady downtrend for more than a year now and has tumbled numerous crypto coins by a significant amount. As a result, some of the Top DeFi Coins are heavily discounted, offering an entry opportunity for investors to grab them at cheap rates.
The general cryptocurrency market recovery path is yet to pick up steam, with most digital assets consolidating. At the same time, the market is looking for bullish triggers as the sector comes to terms with the impact of the FTX cryptocurrency exchange collapse.
It's been a long, brutal winter, but these cryptocurrencies can weather any storm.
A closely followed crypto strategist is analyzing four popular altcoins amid low volatility conditions in the market. Starting with meme asset Dogecoin (DOGE), pseudonymous trader Altcoin Sherpa tells his 10,700 YouTube subscribers that the eighth-largest crypto asset by market cap is currently holding a key support level.
FTM's price pullback could retest the former support zone at $0.2395 The lower timeframes recorded a bearish MACD crossover FTM saw a decline in positively weighted sentiment and funding rates The current price correction in Fantom (FTM) could provide a new buying opportunity for a long trade.
With the market downturn, investors are out searching for cryptocurrency projects they can invest in and hopefully use to increase their portfolios. But, most times, emotions and fear can blind an investor to making a panic decision.
Fantom (CRYPTO: FTM) has rallied over 35% in the past seven days, trading at $0.2461, recorded on Monday at 12 a.m. EST. What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) is up 6.56%, reaching the $17,000 mark as investor sentiment was largely unchanged going into the fresh trading week.
Most cryptocurrencies are still consolidating with the general digital assets market, yet to make any decisive move in either direction. The consolidation comes as bearish sentiments prevail in the wake of the FTX crypto exchange collapse.
Fantom (FTM) ends week as most profitable top 100 crypto, here's why it surged big
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Bitcoin, the leading cryptocurrency, struggled to break above the $17,250 level on December 4, and it is now heading lower to $16,900. Similarly, after being rejected at $1,300, Ethereum, the second-most valuable cryptocurrency, has fallen and is now consolidating near $1,275.
Fantom has a new proposal to reduce its current burn rate FTM's price has rallied by 30% in the last week Fantom's [FTM] witnessed a 30% rally in the last seven days following the publication of the proposal to reduce the network's current burn rate.
Multi-product cryptocurrency ecosystem Balance Capital highlights main points of Fantom VM narrative
