– Fantom’s [FTM] price increased by 14% in the last week, with double-digit gains over the same period.
– The token gained popularity among whales, being listed among the top 10 cryptos by trading volume among the 2000 biggest ETH whales.
– The surge in FTM’s price was supported by several recent partnerships and developments in the Fantom ecosystem.
Fantom [FTM] has been gaining momentum in the crypto space, with its price increasing by over 14% in the last week alone. The surge in the token’s price appears to be quite promising for investors, with double-digit gains recorded over the same period. This rapid price increase has also seen the token gain popularity among whales, being listed among the top 10 cryptos by trading volume among the 2000 biggest ETH whales.
The recent surge in FTM’s price can be attributed to several developments in the Fantom ecosystem. In particular, My Container opened staking for Fantom, allowing users to utilize the earning applications of the FTM token and support the project’s infrastructure. Meta Fab also recently entered the Fantom ecosystem, integrating its Ethereum-based bridge network to Fantom’s Opera chain. This integration helps to increase the speed of asset transfers between the two networks, as well as allowing users to access a range of different asset classes.
The Fantom ecosystem also saw the launch of its ‘FantomX’ platform, a decentralized finance (DeFi) platform built on the Fantom Opera chain. Through the platform, users can access a range of different services, such as payment processing, yield farming, staking, and more. The platform also provides users with access to a range of different assets, with the ability to trade them for other tokens, such as ETH and BTC. Further, the platform also offers users access to a range of different DeFi protocols, allowing them to explore a variety of different markets and strategies.
The recent developments in the Fantom ecosystem has seen the token gain popularity among investors and traders, with a surge in its price over the last week. Looking ahead, it is likely that the token will continue to see an increase in demand and its price as more investors take note of the project and its potential. With the current momentum, FTM could be one of the fastest-growing cryptocurrencies in the near future.