Crypto Analyzer

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

Cryptocurrency enthusiasts have been closely monitoring the recent surge in the value of Fantom FTM, a digital currency that has been making waves in the crypto market. With a notable 38% jump in the last 24 hours, Fantom FTM has caught the attention of investors and traders alike.

Described as the “Ethereum-killer,” Fantom FTM is a platform that enables users to build decentralized applications and create NFT tokens. The recent success of the Fantom platform has propelled the value of its cryptocurrency to new heights. Data compiled by DeFi Llama shows that Fantom has now become the fifth-largest platform in the industry, with a total market value of over $3.8 billion from all the apps built on the network.

As a result, Fantom FTM’s price has been steadily climbing, with the current value sitting at $1.8200 and expected to reach its all-time high of $1.8600. The total market capitalization of Fantom has soared to $4.2 billion, cementing its position as the 42nd largest cryptocurrency in the world. Investment cube predicts that the value of FTM could continue to rise, potentially reaching $2 in the near future.

Industry experts have highlighted Fantom’s potential to become a superior alternative to Ethereum (ETH), the second-largest cryptocurrency in the market. However, it is important to note that these are just price predictions, and investors are advised to conduct thorough research before diving into any cryptocurrency investment.

The current scenario surrounding Fantom FTM exemplifies the dynamic nature of the cryptocurrency market, where digital assets like Fantom can experience significant value fluctuations within a short period. As the crypto industry continues to evolve, keeping a close eye on emerging trends and developments could prove beneficial for investors looking to capitalize on the market’s potential.