Hmm let me guess, what do we have here, is this what fans can look forward to? From what it seems, Fantom (FTM) is officially enjoying the warm rays of the crypto sun! It may have been a little token but this could has been worth an impressive 15.
It is also represented a growth of 63% in the last 24 hours, going up to a quite honourable $ 0. 667. Now, I know what you must be thinking right now “15, 63%? That’s more than all my portfolio shifted in the last year!” Well, buddy, you wouldn’t be wrong. Which is why Fantom has been on such a tear as of late, and doesn’t appear to be slowing down any time soon.
Well, let me just preface this by saying that we’ll be getting rather technical now, don’t you think? Main highlights of the network: Market capitalization of Fantom has reach $1,870,066,352 breaking into the top-45 cryptocurrency. That, I suppose, is as dramatic a transformation as being able to go from the reserve bench to the starting five in the game. The trading volume has also grown exponentially increasing by 41 percent. from $ 1,774 to $ 378 276 257 in the latest day of the week. Every man and his crypto-savvy granny wants a piece of the FTM pie in fools’ paradise.
Now, let’s talk tokenomics. As at now, there are 2,803,634,836 FTM tokens in the circulation that is a reasonable portion of the total FTM tokens that are totaling 3,175,000,000. More so, it has been noticed that the maximum supply is not captured for this currency. Does this mean endless possibility or should this be a concern? In the case of the crypto-world, it can be either way.
But what is behind this Fantom hype? While the results can be explained by enthusiasm for cryptocurrencies, is there more to this skyrocketing than meets the eye? It’s never easy to identify exact reasons in the highly volatile world of crypto but some are attributing the recent nosedive to Fantom’s niche market.
As you will come to realise, Fantom is not like your typical blockchain venture that you come across almost every other day. These are people who are working towards the development of smart contract that is efficient, elastic, and secure. In a world that has become synonimous with speed and efficiency, the ability of Fantom to claim the speed of transactions and low fees is turning more heads than tennis.
Just imagine – what if in DEFI you could use the advantages of the centralized markets approach while gaining all the benefits related to decentralized financial systems? That is the sweet spot Fantom is targeting to occupy in the market and be successful in its endeavors. It is like they have taken what is best in the crypto world and added them to this blockchain blender, creating this blend of blockchains – a smoothie so to speak.
Of course, as with every investment and especially in the world of unregulated crypto, it is critical to come with a pinch of salt. The crypto market is volatile, and one might as well call it a Jenga tower in an earthquake. This means that what may be post today may be gone the next day and the same can be said of something that is regarded as lowly today. Therefore it is significant that Fantom’s performance in recent days and weeks might look very tempting, it is always wise to research and invest cautiously.
On the big picture, one can say that gains achieved in the period benefited Fantom hugely and may as well turn out to be a beginning of a lifelong partnership between investors and high-performance blockchains. Or they may be a flash in the pan, where everyone takes their turn to be popular and relevant before the next big thing is discovered. As they say, it is water water somewhere at this stage. However, one thing is clear, Fantom has already announced its arrival in the crypto world.
So, what’s your take? This question may be explained by the fact that Fantom seems to quickly become the ‘next big thing’ in the crypto world. As we have said time only will tell – But it is sure going to be fun watching this space! Perhaps in the near future, FTM will be one of the vehicles we use to run errands such as going for coffee in the morning. Until then, keep your crypto wallet close and your private keys much closer!
Still, anything is possible in the crypto world, so one should never lose sight of that fact. One day you are struggling to find your value in the charts, the next day you are challenging Bitcoin. Therefore, stay sharp and alert, and most importantly, stay free of inflexible preconceptions and you may just be the next one to stick your toes in the next big wave before it breaks. Happy trading, crypto enthusiasts!
+ There are no comments
Add yours