Bittime - Despite the overall crypto market decline, Fantom (FTM) rose by 15% in the past week thanks to the launch of the USDC.e stablecoin and advances in Sonic technology that increased network efficiency.
In recent days, the cryptocurrency market has experienced a major shift, and many important digital assets have started to fall. However, amidst all this uncertainty, Fantom (FTM) is one of the best performing tokens.
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Fantom (FTM) Experiences 15% Surge in Crypto Markets
Ethereum (ETH) rival Fantom (FTM) has outperformed the overall crypto market, and its price rose this week amid a new increase. FTM price is trading around $801.
In the last 24 hours, the 55th ranked crypto asset rose almost 5%. It is also up more than 15% in the past week. However, the overall crypto market capitalization actually fell 1.5% in the last 24 hours, after increasing around 5% over the last seven days.
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Fantom Supports Sonic Technology
To support Sonic technology, Fantom claims it will scale the network to unprecedented levels. As well as having the ability to process 2,000 transactions per second.
Therefore validators on Opera's Fantom mainnet started upgrading their nodes on Tuesday. Additionally, the project states that this new technology will reduce storage requirements by up to ninety percent.
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Fantom Announces Launch of New Stablecoin
Fantom recently announced a new “canonical” stablecoin, which is the latest technology project advancement., in collaboration with USDC issuer Circle. Fantom announced the launch of their new stablecoin, USDC.e, using the Wormhole (W) cross-chain messaging protocol.
Conclusion
Fantom (FTM) has seen a 15% price increase in the past week, despite the overall crypto market experiencing a downturn. This wave was complemented by the announcement of the launch of a new stablecoin, USDC.e, which is the result of Circle's work and the development of Sonic technology that increases network efficiency. Because of these things, investors have more confidence in Fantom's growth potential.
How To Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read more:
Memecoin Landing on Fantom (FTM)? Andre Cronje's Post Triggers Speculation
Fantom Announces New Blockchain Network: Sonic
Fantom (FTM) Co-Founder Makes Bold Claim: Is He Right About Solana (SOL)?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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