Fantom (FTM) has enjoyed a spectacular 23% price rise, reaching intraday highs of $0.985 in early trading on Saturday. As the cryptocurrency market appears to be overheating following spectacular gains across the board, FTM’s recent performance has caught the attention of many.
Fantom (FTM) has enjoyed a spectacular 23% price rise, reaching intraday highs of $0.985 in early trading on Saturday. As the cryptocurrency market appears to be overheating following spectacular gains across the board, FTM’s recent performance has caught the attention of many.
The previous day saw a huge drop in the cryptocurrency market, which coincided with profit-taking, with large companies reporting losses ranging from 7% to 15%.
However, Fantom’s performance stands out as it was able to close the cryptocurrency’s red day in green. Despite falling to lows of $0.722 on March 15, Fantom rebounded sharply and maintained the gains even as of this writing.
If it closes in green today, Fantom would mark its second day of gains in contrast to other cryptocurrencies that were suffering losses at press time.
Fantom (FTM) is currently trading at $0.903, up 18.09% in the last 24 hours and 13% in the last seven days. This rise has propelled FTM to 48th place, with a market capitalization of $2.53 billion, cementing its position among the top 100 cryptocurrencies by market value.
As Fantom Shows Upward Momentum, Crypto Analyst Ali Share a bold target for Fantom price, suggesting FTM could reach $1.44 soon. To support his claim, Ali shares his previous prediction about FTM, which turned out to be true.
Ali then noted that Fantom was consolidating on the bottom, with a sustained weekly close above $0.57 having the potential to catapult FTM to $0.87. True to form, FTM experienced a breakout, hitting highs of $0.985 in today’s trading session.
Fantom anticipates a major launch
The excitement grows as Fantom Sonic Mainnet is on the horizon; Some of the Fantom Foundation archive nodes on the current mainnet have already been upgraded to Sonic, achieving a 95% operating cost reduction.
Fantom shares highlights of the incredible performance seen on Sonic’s closed testnet over the past few months in preparation for the long-awaited launch.
Almost 2000 TPS have been achieved with a finality of almost one second. With ERC-20 exchange and transfer transactions, 4,000 TPS were achieved with a finality of almost 1.3 seconds and 10,000 TPS with a finality of almost 1.6 seconds.
