Fantom crypto jumps 38% in past 24 hours; Here’s why Fantom FTM is on the rise

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The cryptocurrency industry is growing steadily after the value of various currencies like Bitcoin, Etherium, and many others suddenly increased in value. One of these currencies is the Fantom crypto and due to the latest trend surrounding it, the coin value is about to hit its all-time high which is $ 1.8600. Its current value is $ 1.8200 and this is shocking as the value has managed to jump 92% from its lowest level since September 2021. For this reason, several users have been trying to find out why the Fantom crypto is rising. ?

Here is all the information available on the internet regarding the Fantom cryptocurrency.

Why is Fantom FTM increasing?

Fantom FTM is also known as the Ethereum-killer and it has been in the global crypto market for a long time now. Fantom is basically a platform that allows its users to build decentralized applications and also create NFT tokens. Due to the recent success of this platform, the value of its cryptocurrencies seems to be steadily increasing. According to data compiled by DeFi Llama, Fantom has now become the fifth largest platform in the industry with a total market value (TVL) of all apps created by Fantom surpassing the $ 3.8 billion mark. It is therefore not shocking to see the price of this cryptocurrency reach its all-time high, if not more.

Fantom FTM price prediction

Currently, the price of FTM is steadily increasing and its total market capitalization has increased by $ 4.2 billion. With such a high value, FTM has now become the 42nd largest cryptocurrency in the world. According to Investment Cube, the coin’s value is likely to rise and reach $ 1.8600 in the near future. If the value tends to increase, even more, it could reach up to $ 2. The value of the currency could also be affected by the growth of its competitors, SOL and ADA. Many industry experts claim that it has the potential to become a better version of Ethereum (ETH), which is currently the second largest cryptocurrency. Keep in mind that these are price predictions only, and you should always do extensive research before investing in any cryptocurrency.

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