Ftm crypto latest news
The Fantom decentralised finance project is on the up, but will token value climb with it? FTM is the native cryptocurrency of Fantom, the decentralised finance DeFi blockchain solution witnessing a considerable amount of uptake recently. Everything is designed around scalability, fast transaction times and security. As you can read in our explainer , however, not all elements have run flawlessly.
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Introduction to the Fantom Blockchain
The price movements of most large-cap assets over the past few hours have managed to wipe away the broader uptrend narrative.
The numbers looked even more terrifying on the lower timeframe charts. Most mid-cap assets also followed suit, with Fantom among the worst-affected. Just a couple of days back, one of our recent articles highlighted the record-breaking spree that FTM was in. Fantom has been one of the few alts that has outrightly performed well over the last couple of months. Such rallies usually do not end up lasting for long, unless the market participants have a bullish outlook.
With additional money flowing into the Fantom market at this stage, it should be noted that the funding rate continues to remain positive on most exchanges. Only on OKEx, the rate was slightly negative, at the time of writing.
What this suggested was that a majority of the traders are still placing bullish bets on the altcoin. With a keen eye on the Indian economic ecosystem, Lavina Daryanani's writing predominantly revolves around crypto-happenings in the Asian markets. She has a strong background in journalism and a personal inclination towards business and financial reporting.
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Connect with us. Source: ByBt. Read the best crypto stories of the day in less than 5 minutes. The Daily Digest. The Weekly Digest. Lavina Daryanani. You may like. Is Chainlink the special ingredient behind these altcoin rallies. What to expect from Fantom as it makes it way to an ATH.
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Fantom (FTM) Up 11.83% Sunday: What's Next?
While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies gain momentum. With decentralized finance DeFi becoming the talk of the town for digital assets, blockchain-based cryptocurrencies seem to be ruling the crypto market. Added to that are many financial giants announcing partnerships and massive investments worth billions. Fantom, more popularly known by its native token FTM, has recently been active in the crypto market, performing miracles. Before we start with detailed Fantom price prediction, check our the overview. Fantom not only features smart contract functionality but also offers a safe and highly secure system of transaction and trading account with no middlemen involved.
Why you should invest in Fantom (FTM) crypto
Tokens of layer 1 blockchain Fantom FTM were among the few positive gainers in larger cap cryptocurrencies on Wednesday amid a slide in the broader market. FTM tokens were one of the few cryptocurrencies in the green on Wednesday. Layer 1 blockchains refer to individual blockchain platforms such as Ethereum or Avalanche. Layer 2 networks are built on top of one of the layer 1 blockchains. The surge follows rising interest for layer 1 blockchains billed as Ethereum alternatives. This has led to increased interest in alternatives such as Avalanche and Fantom. That has spurred gains in the prices of their native tokens and in the amount of value locked on decentralized finance DeFi applications. DeFi products rely on smart contracts instead of third parties for offering financial services to users. DeFi Llama.
Fantom Surges in Latest Layer 1 Bet
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Why Fantom (FTM) Has Overtaken Avalanche In Daily Transactions
Layer 1 networks refer to individual blockchain platforms such as Ethereum or Avalanche, atop of which decentralized finance DeFi applications or other software can be built. DeFi itself refers to protocols and services that rely on smart contracts instead of middlemen to provide financial services, such as trading, lending and borrowing, to users. Most DeFi activity has centered around Ethereum-based applications since But slow speeds and an expensive network have led to users migrating to cheaper and faster networks. NEAR broke previous highs on Tuesday morning. Fantom was the other big gainer in mid-European trading hours on Tuesday.
Fantom (FTM) Price Spikes by 19% Despite Slight Crypto Market Slide
Image: Shutterstock. The cryptocurrency industry is on a constant rise after the value of various currencies like Bitcoin, Etherium and many more shot up suddenly. Fantom FTM is also known as the Ethereum-killer and it has been in the crypto global market for a long time now. Fantom is basically a platform that allows its users to build decentralized applications and also create NFT tokens. So it is not shocking to see the price of this cryptocurrency reach its all-time high or even higher. With such a high value, FTM has now become the 42nd biggest cryptocurrency in the world. Many industry experts claim that it has the potential to become a better version of Ethereum ETH which is currently the second-largest cryptocurrency. Keep in mind that these are just price predictions and you should always do thorough research before investing in any cryptocurrency.
According to coinmarketcap, the maximum supply of FTM is around 3. FTM holds the 39th rank according to market cap and has a market dominance of 0. FTM is a really strong token fundamentally.
Fantom is the 35th largest Layer 1 blockchain platform that has gained tremendous popularity in the crypto community over the past few months. It is even considered a direct competitor to Ethereum. Here, developers can use smart contracts like on the second largest blockchain. This along with the fee structure also helps make the platform stronger.
Italian automaker Lamborghini has announced that it is set to release its first NFT non-fungible token next month. Social discussion forum Reddit is reportedly testing a feature that would allow its users to set any NFT non-fungible token they own as their profile picture. Even as Union Finance minister Nirmala Sitharaman is set to present the annual Budget on February 1, experts have called for regulation of cryptocurrencies and exhorted the government to treat them as capital assets with a "reasonable" tax regime. El Salvador in September last year became the first country in the world to adopt bitcoin as an official currency. The central American nation announced that it plans to buy "a lot more" bitcoins soon. It purchased tokens earlier and another more ahead of its rollout as a legal tender.
For the new investors, the cryptocurrency is like a well and if you started to invest in the market, there is no chance that you will a better refund or not. Further in this article, you will read about FTM coin price prediction and other important details about the coin as well. Well, it is promising to give you a better return over a short time but it is unstable and risky.
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IN SHORT, IT'S CLEAR
Hardly I can believe that.
Never better!
It does not suit me.