TL;DR
- Fantom (FTM) has experienced a 183% increase in its price in just four weeks.
- The anticipated upgrade known as Sonic is driving the recent success of FTM by improving its underlying technology without the need for a hard fork.
- The inclusion of perpetual futures of FTM on Coinbase International Exchange and Coinbase Advanced will increase its liquidity and accessibility.
In recent weeks, Fantom (FTM) has emerged as one of the standout players in the crypto market. Its performance has been extraordinary, with a 183% increase in its price in just four weeks. Over the past 24 hours, it has seen a 12.6% increase, further solidifying its position as one of the top digital assets.
This rapid ascent has taken Fantom’s price from $0.42 to $1.16, catapulting its market capitalization to $3.2 billion and positioning it as the 41st largest digital asset worldwide. Investors and analysts wonder if this is just the beginning of a potential bullish rally for Fantom.
One of the key drivers behind Fantom’s recent success is the anticipated upgrade known as Sonic. This upgrade, designed to enhance its underlying technology, introduces significant scalability improvements without requiring a hard fork. Key features of Sonic include the Fantom Virtual Machine (FVM), designed to significantly increase transaction speed, the Carmen database promising to reduce storage requirements by up to 90%, and the optimization of the Lachesis consensus to improve overall network performance.
Fantom (FTM) Could Have a Promising Future
Recent test results have been promising, with a closed test achieving speeds of approximately 4,000 transactions per second (TPS) and finality of approximately 1.3 seconds. This demonstrates Fantom’s potential to facilitate decentralized exchanges (DEXs) and next-generation wallets.
In addition to the technical aspect, the influential figure of Andre Cronje, founder of FTM, has significantly contributed to success and innovation within the ecosystem. His commitment to advancing the crypto space has been evident in his pioneering approach and contributions to protocol and solution development.
The announcement of the inclusion of FTM perpetual futures on Coinbase International Exchange and Coinbase Advanced has generated even more interest in the community. This move is expected to increase FTM’s liquidity and accessibility, potentially attracting more investors to the ecosystem. Fantom could be poised for a promising future in the blockchain ecosystem.
