Fantom establishes a new ATH and now seeks $ 4

in #cryptocurrency2 years ago

Nothing will stop Ethereum's adversary. In just one month, the price of Fantom (FTM) rose 153%. This trading session's ATH is $ 3.45. Fantom's next technological challenge is $ 4.

Crypto exploits Ethereum's network congestion. Daily transaction volume on Fantom's blockchain explodes. An adoption that affects Ethereum's value. Killer's Between July and October, Fantom's price soared 15-fold.

If Ethereum's scalability issues are not addressed, Fantom's stock price will skyrocket. Its scalability and minimal transaction costs will entice millions of developers and entrepreneurs.

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For cross-chain transactions across many EVM networks, Fantom uses a multi-chain solution called AnySwap, rather than direct Ethereum compatibility. Anyswap allows users to send money from Ethereum to Fantom and vice versa.

This extensive use significantly exacerbates Ethereum's scalability issues. According to @Fantom Ecologist, high ETH fees and congestion will drive devs to FTM. In a tweet, he said:

Using Fantom's finality, established Ethereum projects may be swapped in seconds for pennies.

250 crypto specialists gathered for the Fantom Developer Conference to discuss the coin's initiative behind the world's fastest blockchain. The summit will last four days, from Monday, October 25 through Friday, October 29.

Among the major sponsors and partners are Tomb Finance, SpookySwap, SpiritSwap, Popsicle Finance, Overdrive, ZooCoin, and AnySwap, as well as institutional heavyweights Protocol Ventures and Quantum Fintech Group. Fantom says in a news release:

That should help Fantom's leaders improve the network and develop the crypto ecosystem.

Fantom is dwarfed by the Doge and Shiba Inu's 13,405 percent annual growth. Aside from its wide range of uses, the FTM's low cost helped it gain popularity. Following current trends and technical indicators, analysts believe the FTM will easily capture the $ 4 resistance bar on the stock market.

Fantom's price rose from $ 2.23 to $3.45 in just 5 days, with a recent dip to $3.14. the 20 and 50 day averages are both $ 2.38. Traders are buying Fantom coins, as the RSI is at 73.59. Much has been made of the cryptocurrency's Coinbase listing. In this case, Fantom's stock price will skyrocket.

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Long-term estimates must be reevaluated because Fantom's price has changed faster than projected. WalletInvestor, for example, estimated a $ 3 FTM by the end of 2022. Despite this, Bitcoin has already surpassed that obstacle. Also, DigitalCoin's estimated 2022 value of $ 3.71 will be quickly exceeded given the crypto's performance.

If Ethereum's scalability difficulties are not overcome by the end of 2021, a plausible forecast for Fantom is $6.


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