Crypto Analyzer

Fantom crypto jumps 38% in last 24 hrs; Here’s why Fantom FTM is going up- Republic World

The cryptocurrency market has been witnessing a surge in various digital currencies, with Fantom (FTM) crypto standing out as one of the top performers. In the last 24 hours, Fantom FTM has seen a significant jump of 38%, sparking interest and curiosity among crypto enthusiasts. The current value of Fantom stands at $1.8200, with predictions that it is on the path to reach its all-time high of $1.8600.

So why exactly is Fantom FTM experiencing this upward momentum? Known as the “Ethereum-killer,” Fantom has made a name for itself in the crypto space by offering a platform for building decentralized applications and creating NFT tokens. Its recent success is attributed to its growing popularity and adoption in the market.

Data compiled by DeFi Llama reveals that Fantom has become the fifth-largest platform in the industry, with the total value locked (TVL) of all Fantom-built apps surpassing $3.8 billion. This significant milestone has contributed to the increase in the value of Fantom’s cryptocurrency.

As Fantom FTM continues its upward trajectory, speculations about its future price performance have emerged. With a current market capitalization of $4.2 billion, Fantom has secured its position as the 42nd largest cryptocurrency globally. Analysts at Investment Cube predict that the value of FTM could potentially reach $1.8600 in the coming days, with the possibility of even hitting $2. Factors such as competition from other cryptocurrencies like SOL and ADA, as well as Fantom’s potential as a superior alternative to Ethereum (ETH), are expected to influence its price movement.

It is important to note that these price predictions are based on market trends and expert opinions, and investing in cryptocurrencies always carries risks. Conducting thorough research and seeking professional advice are essential steps before considering any investment in the volatile crypto market.

As Fantom FTM continues to make headlines with its impressive performance, investors and traders are advised to stay updated on the latest developments and trends in the cryptocurrency space to make informed decisions about their investments.