Fantom Crypto is a well-known name in the cryptocurrency market. It is recognized for its fast and secure blockchain. Currently the price of Fantom (FTM) is $1.37. It has increased by 1.7% in the last 24 hours.
Cryptocurrencies continue to be a transformative force in the world of finance, and among the most notable digital assets is Fantom Crypto (FTM). Fantom is a decentralized finance (DeFi) platform and a Layer 1 blockchain that has grown rapidly in recent years. Its unique features and expanding ecosystem have helped it gain popularity. In this article, we will look at the latest market trends, price changes, historical data, and news about Fantom.
Cryptocurrencies Overview: Fantom
Fantom is a decentralized platform for building smart contracts and applications. It uses the Lachesis consensus system. This allows for fast transactions and better scalability. These features make it different from many other blockchains.
Fantom’s native cryptocurrency, FTM, is essential for the platform. Fantom helps power transactions, secure the network through staking, and support decision-making. As a Proof-of-Stake (PoS) network Fantom allows users to stake their FTM tokens. In return, they earn rewards and can participate in improving the platform.
Fantom Price
Fantom (FTM) is currently priced at $1.37. In the last 24 hours its price increased by 1.7%, ranging between $1.27 and $1.36. Despite these small changes, Fantom has grown by 30.7% over the past 7 days. In comparison to its all-time high of $3.46 in October 2021, Fantom is currently 60.9% lower, but it remains a strong contender in the crypto market due to its unique features.
Fantom (FTM) is worth about $3.8 billion making it the 50th largest cryptocurrency. There are 2.8 billion FTM tokens in circulation, out of a total supply of 3.2 billion. This gives Fantom a potential value of around $4.33 billion.
Market Cap and Trading Volume: Fantom Crypto
Fantom Crypto has a market cap of $3.83 billion and about 2.8 billion FTM tokens in circulation.Its estimated value, or fully diluted valuation (FDV), is about $4.33 billion. This estimate assumes all FTM tokens will be released eventually which could take years according to the token release plan.
Fantom (FTM) has a 24-hour trading volume of around $837.77 million, which is down by 32% from the previous day. Despite this drop, Fantom is still one of the top cryptocurrencies traded. The most active trading pair is FTM/USDT on platforms like Binance, WhiteBIT, and Gate.io.
Fantom News
Fantom Crypto: An exciting update for Fantom is the upcoming move of its FTM token to Sonic’s $S token. This change will make the platform work better and faster. It could bring in more investors and developers, helping the Fantom ecosystem grow and become more popular.
Fantom is improving its system for decentralized apps (dApps). This helps developers build and launch projects quickly and safely. The Lachesis consensus mechanism validates transactions almost instantly. This makes Fantom different from other blockchain platforms.
Historical Data
All-Time High and Low
Fantom Crypto (FTM) has had big price changes since it started. Its highest price was $3.46 on October 28, 2021. Since then, it has dropped about 60.89% and is now around $1.37. This drop is normal, as many cryptocurrencies saw similar declines after the 2021 bull run…
Fantom’s lowest price was $0.001902 on March 13, 2020. Since then its price has risen by more than 71,000%. This huge rise shows Fantom’s strong growth and its potential for long-term success in the cryptocurrency market.
Price Performance: Fantom Crypto
Fantom has demonstrated strong price performance over both short and long periods. In the last 30 days, Fantom’s price has gone up by 93.7%. Over the past year it has risen by an impressive 300.8%.
These gains reflect the increasing adoption of the Fantom blockchain, as more users and developers discover its advantages over other platforms.
Fantom Crypto (FTM) is making a strong impact in the growing cryptocurrency market. It offers a fast, scalable, and secure platform for decentralized apps and transactions. The current price is $1.37, and it has grown by 30.7% in the last week. Although it’s still below its highest price, Fantom’s strong features and resilience set it apart from others. Key developments, like the upcoming move to Sonic’s $S token, will help it grow further. With more people using it and a strong community, Fantom is a crypto to watch in the future.
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