Cryptocurrency News, Market Analysis

Fantom ‘FTM’ Analysis – Over 50 % Up This Week, This Is What We Know So Far.

In the previous 24 hours, Fantom (FTM)┬áhas fallen by over 3.5%, and users are eager to learn more about it. Here’s everything we know about its current price.

After the unexpected acquisition of numerous currencies such as Bitcoin [BTC], Ethereum [ETH], and many others, the cryptocurrency sector is continually developing.

Fantom crypto is one such currency, and due to the recent events surrounding it, the coin’s value is almost always at the high of $2.86 USD. Its current price of $2.09 USD is astounding, as it has jumped over 100% from its lowest point since September 2021.

Fantom 'FTM' Analysis - Over 50 % Up This Week, This Is What We Know So Far.

1 Week Fantom Price Chart: Source – CoinMarketCap

Here’s why FTM is rising: According to data compiled by DeFi Llama, Fantom is now the industry’s fifth largest platform, with the total market value (TVL) of all apps developed by Fantom surpassing $ 3.8 billion.

Fantom FTM, also known as Ethereum-killer, has been active in the global crypto market for quite some time and is essentially a platform that allows users to create low-level applications and NFT tokens.

Because of this platform’s recent success, its cryptocurrency value appears to be steadily increasing. Presently, the value of FTM is steadily increasing, with the total market value reaching $4.2 billion.

With such a high price, FTM has now surpassed Bitcoin to become the world’s largest 36th cryptocurrency. The coin’s value is expected to rise and reach $3 USD soon, according to the investment cube.

The growth of competitors, SOL and ADA, can also have an impact on the amount of money. Many industry experts believe it has the potential to be the best version of Ethereum (ETH), the second-largest cryptocurrency at the moment. Remember that this is only a price prediction, and you should always conduct your own research before investing in any cryptocurrency

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