Sonic

2024

Fantom

<p>The post <a href="https://coinpedia.org/price-analysis/fantom-ftm-price-surges-200-is-this-altcoin-set-to-dominate/">FTM Price Up 200%! Here’s Why Investors Are Betting on Fantom</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency markets are experiencing a shift as <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> steadies itself ahead of the halving economics. Traders are now turning their focus to altcoins, seeking increased volatility in the market.</p> 
<p>In a market often dominated by meme coins, <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/">Fantom (FTM)</a> has stood out, surpassing even popular Solana-based memes in recent weeks. This indicates a promising time for mid-cap altcoins.</p> 
<p>According to the latest data from Coingecko, FTM has seen an impressive 200 percent surge in value over the past month, reaching around $1.21 as of Friday. This surge is driven by speculation amid the broader crypto bullish trend, setting Fantom up for potential further gains.</p> 
<h2 class="wp-block-heading" id="h-ethereum-s-growing-rival">Ethereum’s Growing Rival?</h2> 
<p>Fantom isn’t just any altcoin; it’s a rapidly growing competitor within <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum’s network</a>, boasting a vibrant web3 ecosystem. Data from defillama shows that the Fantom network currently holds over $153 million in Total Value Locked (TVL) and has a stablecoin market cap of approximately $508 million.</p> 
<p>What’s particularly noteworthy is the surge in on-chain activity across Fantom-based web3 protocols, with TVL recording double-digit percentage increases over the past five days. This surge is tied to the impending mainnet upgrade, known as Sonic, promising improved throughput and stability.</p> 
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   <p lang="en" dir="ltr">As we prepare for the <a href="https://twitter.com/hashtag/Fantom?src=hash&amp;ref_src=twsrc%5Etfw">#Fantom</a> Sonic mainnet, we want to revisit the closed testnet's incredible performances:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e6.png" alt="🟦" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2,000 TPS (1s TTF) — realistic traffic<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e6.png" alt="🟦" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4,000 TPS (1.3s TTF) — ERC-20 swaps<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e6.png" alt="🟦" class="wp-smiley" style="height: 1em; max-height: 1em;"> 10,000 TPS (1.6s TTF) — ERC-20 transfers<br><br>Learn more here <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/b9nHV238EC">https://t.co/b9nHV238EC</a> <a href="https://t.co/5qmBkLyfRB">pic.twitter.com/5qmBkLyfRB</a></p>— Fantom Foundation (@FantomFDN) <a href="https://twitter.com/FantomFDN/status/1767960856309149755?ref_src=twsrc%5Etfw">March 13, 2024</a>
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<p>The impact of Fantom’s growth is evident on platforms like SpookySwap DEX, which saw a remarkable 100 percent increase in TVL, reaching approximately $47 million by Friday. This surge reflects a broader trend of capital shifting from <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> to potentially profitable altcoins, further boosting Fantom’s rise.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/top-altcoin-picks-for-potential-10-100x-gains-dont-miss-on-this/">Top 8 Altcoin Picks for 10x-100x Profits: Grab Now!</a></p> 
<h2 class="wp-block-heading" id="h-ftm-price-prediction">FTM Price Prediction&nbsp;</h2> 
<p>With the increasing use of layer-one (L1) smart contracts, Fantom’s prospects appear positive in the near term. Noted crypto analyst Ali Martinez predicts a midterm target of $1.44 for FTM, following a breakthrough above the critical resistance level at around 58 cents.</p> 
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   <p lang="en" dir="ltr">$1.44 next <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FTM</a> <a href="https://t.co/Qab2s3KYoa">https://t.co/Qab2s3KYoa</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1768897599610781936?ref_src=twsrc%5Etfw">March 16, 2024</a>
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<p>From a technical standpoint, FTM bulls are firmly in control, with the weekly <a href="https://coinpedia.org/traders/relative-strength-index-rsi/">Relative Strength Index (RSI)</a> surpassing the 70 level for the first time since the 2021 bull run. This indicates potential sustained upward momentum for Fantom amidst the evolving cryptocurrency landscape.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/altcoins-that-may-kick-start-a-fresh-rise-during-the-weekend-will-bitcoin-ethereum-follow/">Altcoins That May Kick-Start a Fresh Rise During the Weekend, Will Bitcoin &amp; Ethereum Follow?</a></p> 
<p><strong>Is Fantom (FTM) the next altcoin to explode? Share your thoughts</strong>.</p>

FTM Price Up 200%! Here’s Why Investors Are Betting on Fantom

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