Fantom price prediction: Why is Fantom going up? Is FTM coin a good investment? Check

cryptocurrency market has been on rise lately and many coins have jumped in on surge. Fantom (FTM) has become latest to grab attention in this surge, and token’s bullish rally seems to get stronger by day. Fantom can also be termed as latest coin to be nicknamed ‘Erium killer’ after Solana (SOL) and Cardano (A).

What is Fantom (FTM)?

As per Fantom’s official website, Fantom is an vanced blockchain project that provides a platform to build customized decentralized applications (DAPPs) and non-fungible tokens (NFT). Fantom Foundation aims to build infrastructure for a more democratic and efficient future while solving challenges faced by older blockchain projects like Bitcoin. Fantom aims to find solutions to increase speed, security, and scalability of decentralised cryptocurrencies.

Why is Fantom FTM going up?

Fantom, like SOL which recently exploded, is termed as an Ereum-killer and uses Direct Acyclic Graph (DAG) smart contract platform. Fantom has improved scalability and transaction speeds can rise to more than 300k per second. FTM is powered by Lachesis powers which is built on Ereum’s blockchain. Owing to fast and efficient platform, leing blockchain projects like Chainlink, Raviton, and Band Protocol have collaborated with it, causing surge in price. FTM has been surging for over a month now.

Is FTM coin a good investment?

FTM’s price is at all-time high tring at USD 1.74. demand for ETH-killer keeps rising as FTM hits new highs with each passing day. token jumped 35.48 per cent in last 24 hours to hit new high. FTM market cap is at USD 3.5 billion, rising by 0.3 billion since Monday. FTM has soared by around 90 per cent in last 7 days making it 40th biggest coin in world based on its market cap.  

Fantom price prediction

According to investors and experts, FTM is expected to keep bullish trend and surge furr. coin, which is riding on excitement over DeFi and NFTs in market is bound to gain more. However, investors booking profits early could be a problem for coin’s climb. coin has potential to become a USD 3-4 coin however, USD 2.5 is an average FTM could reach by 2025. Chances of coin floating at USD 1.4 have also been put forth by investors. growth of SOL and A could play a part in FTM’s future growth.

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