Fantom (FTM) Price Upsurges More Than 40% in Last 24-Hours

Fantom (FTM) Price Upsurges More Than 40% in Last 24-Hours
  • Fantom is a distributed ledger technology stack.
  • The FTM rose by 68.71 percent in the past seven days.

These days, investors are looking for the “next” Ethereum (ETH). People desire quick, safe, and cheap cryptocurrencies. And Fantom (FTM) does stand out. That’s why Fantom’s price has increased 9,710 percent this year and over 500 percent since August 1Furthermore, On September 9, FTM hit a fresh high of $1.93.

Smart contracts are interesting because they allow cryptocurrencies to operate decentralized apps and non-fungible tokens (NFTs). Moreover, like digital art or game assets, NFTs include ownership information. And DeFi is an umbrella word for numerous apps that eliminate the middlemen (banks and lenders) from daily financial transactions. Fantom is a distributed ledger technology stack creating a DAG-based platform to support smart cities and all their services.

All-in-One DeFi Solution

Fantom thinks its platform can become the IT infrastructure backbone for developing smart cities. Furthermore, Fantom claims it can execute 300,000 transactions per second and interact with various service providers to safely store large quantities of data.

The team was able to pivot rapidly and make Fantom DeFi capable. Moreover, Fantom claims to be an all-in-one DeFi solution. Users may mint, sell, lend, and borrow digital assets straight from their wallets. All this with low costs and fast transfers. This is DeFi for everyone.

FTM/USDT: Source: TradingView

A DAG-based consensus system, Lachesis enables EVM-compatible smart contracts. That makes DeFi perfect for Fantom users who want to run smart contracts on the network. The Fantom mainnet is suitable for a wide variety of applications. Due to increased trading volume and market cap, the Fantom price has increased by 41.71 percent in the past 24 hours.

The FTM rose by 68.71 percent in the past seven days. Fantom has recently shown great potential. According to CoinMarketCap, Fantom price today is $2.03 USD with a 24-hour trading volume of $1,872,384,480 USD.

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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.