Everyone is talking about Fantom Coin. The coin’s performance is up 13,940% since the beginning of the year, and that’s not the only reason. It is related to unique projects built with Fantom FTM. Despite a major correction in November, the coin is far from dead.
In the past two days, Fantom has risen from $1.9 to $2.5. If you are not familiar with Fantom coin, we will give you a basic overview of this cryptocurrency. The Fantom Foundation launched the token in 2018 to provide access to DeFi smart contracts. Its significant advantage is the ability to complete each transaction within two seconds. Bitcoin and Ethereum, we're talking about you. Due to its strong base, the cryptocurrency currently has the 36th largest market cap.
Additionally, the project now has dedicated staff, emphasizing scalability, decentralization, and security. Fantom is different in this way. More importantly, thanks to its unique Lachesis mechanism based on Proof of Stake (PoS). Tokens can be purchased on regular exchanges such as Binance and Coinbase.
The FTM USD has edged up +13,940% since the beginning of the year, providing us with an amazing climb. However, the coin was questioned after a 50% correction. That's why the recent price hike has been welcomed by investors. These can be explained by a series of news reports pointing to the Fantom Foundation, which makes sense.
The cryptocurrency, known for its high-performance blockchain, just launched a new $370 million initiative backed by its FTM token. As part of the program, holders will be rewarded with tokens. The huge sum attracted more than one person.
This explains why Fantom was able to quietly resume the start of the rally thanks to the influx of fresh money from new investors. Over time, more candles appear on the chart, getting higher and higher. These numbers represent a 25% increase in two days. The value of the token increased from less than $2 to $2.5. And he aspires to meet and exceed the ATH he set at $3 on October 28.
Amid the flood of good news, one piece of good news in particular caught the public's attention. According to the Fantom Foundation's Twitter account, the construction of a bridge between FTM and Solana was carried out by Allbridge. According to Coinmarketcap, Solana is the fifth most valuable cryptocurrency. As such, Fantom will likely rely on Solana funding to help it grow. Such a good performance in such a short period of time is to be applauded. Because Bitcoin and Ethereum and other major market caps are currently treading water.
The market is currently in a state of complete consolidation. However, some cryptocurrencies matured before others. The lucky ones are able to experience the decisive advantages of the FTM blockchain before anyone else. They are attracted by the parent company's willingness to reward holders. In any case, those who use Bitcoin are 20% ahead of those who do not. Because the huge BTC is currently re-stable. When Fantom loses 2% in 7 days, it increases by 20%. After hitting an all-time high of around $70,000 on November 10th, Crypto Obelix's Taproot upgrade may have shattered its dynamism!
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