Fantom Price Up 21%, Biggest Gainer onCrypto com” NullTX

ftm price

Fantom rate is up over 21% today, making it the most significant gainer onCrypto com. With a 24-hour trading volume of $1.76 billion and a market cap of $7.36 billion, Fantom is a considerable gamer in the crypto area. Let’s take a look at Fantom and its token FTM and see why the rate is increasing.

What Is Fantom?

Initially releasing in December 2018, Fantom explains itself as a quick, high-throughput open-source clever agreement platform for digital properties and dApps.

Fantom’s asynchronous Byzantine Fault Tolerance (aBFT) agreement procedure provides exceptional speed, security, and dependability, making Fantom an exceptional option for numerous crypto applications.

Some popular partners presently utilizing Fantom’s tech consist of Chainlink andBand Protocol Chainlink is a decentralized oracle bringing DeFi and stablecoins together. Band Protocol is another on-chain oracle offering crucial information feeds to stablecoins.

Last however not least, Fantom produces an exceptional option for Web 3 applications with their decentralized and blockchain-native APIs that designers can quickly incorporate into any facilities.

FTM is the main token for the Fantom network, utilized for governance, payments, costs, and protecting the network through staking.

Why Is Fantom Price Rising?

Fantom’s rate increased by over 20% today, nearly breaking its previous all-time high of $3.1, which it struck on November 7th.

Fantom’s current rate walking is more than likely due to the development of its environment. Notably, LiquidDriver, a liquidity farm on the Fantom network, just recently reached over $100 million in TVL on its yield farming platform.

Currently, users can stake numerous stablecoins and tokens for exceptionally high APRs. For example, users can stake FTM/ fUSDT for a return of approximately 149% APR.

In other news, a Fantom- based decentralized liquidity market procedure, Geist, just recently included Chainlink to its platform, using over 14% in Deposit APY.

It’s clear that the Fantom environment is among the fastest-growing on the marketplace presently, and it would not be unexpected to see Fanrom break its previous all-time high by the end of January.

At writing, FTM is trading at $2.89, with a 24-hour trading volume of $1.7 billion. Its market cap is $7.3 billion, with a flowing supply of 2.55 billion tokens.

You can buy FTM on Binance, KuCoin, FTX, Gemini, Uniswap,Crypto com, and more.

Disclosure: This is not trading or financial investment recommendations. Always do your research study prior to purchasing any cryptocurrency.

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