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- The cryptocurrency industry has been on the rise since the value of various currencies such as Bitcoin, Etherium, and others skyrocketed
- The high price reached is not a surprise
- the Fantom blockchain has been piling up significant collaborations and integrations in recent weeks
The cryptocurrency industry has been on the rise since the value of various currencies such as Bitcoin, Etherium, and others skyrocketed. The Fantom cryptocurrency is one such currency, and the coin’s value is about to reach an all-time high of $1.8600 due to recent trends. Its current value is $1.8200, which is astonishing given that it has risen by 92 percent from its lowest point since September 2021. As a result, a number of people have inquired as to why Fantom cryptocurrency is increasing in value.
Fantom FTM is also known as the Ethereum-killer, and it has been around for quite some time in the crypto world. Fantom is a decentralised application development platform that also allows users to produce NFT coins. The value of this platform’s cryptocurrency appears to be steadily increasing as a result of its recent success. According to data gathered by DeFi Llama, Fantom has surpassed $3.8 billion in total market value for all of its apps, making it the fifth-largest platform in the business. As a result, it’s not surprising to see the price of this cryptocurrency hit or exceed its all-time high.
The FTM price is now rising, and its entire market value has increased to $4.2 billion. FTM is presently the 42nd largest cryptocurrency in the world, thanks to its high value. The coin’s value is expected to grow to $1.8600 in the near future, according to the investing cube. If the value continues to grow, it may reach as high as $2. The rise of its competitors, SOL and ADA, may also have an impact on the currency’s value. Many industry professionals believe it has the potential to be a superior version of Ethereum, the second-largest cryptocurrency at the moment. Apart from the general market uptrend, the Fantom blockchain has been piling up significant collaborations and integrations in recent weeks.
The Orienbank is one of the most current to use the scalable dApp platform to test its hybrid CBDC initiative. Apart from RippleNet, this cooperation makes Fantom blockchain one of the first blockchain technologies to be employed in the development of a digital fiat. The Tajikistan National Bank will collaborate with Fantom Blockchain to create payment networks and commercials for E-SOM. Taking advantage of the NFT craze, Fantom blockchain is now home to Artion.io, a fast-growing NFT-mining platform established by Andre Cronje.
Tags: Tajikistan, Fantom, NFT-mining, Blockchain, FTN, crypto
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
