Fantom (FTM) seems to be flexing its muscle as the subsequent large factor. The blockchain is billed as essentially the most direct competitor for Ethereum and primarily based on latest occasions, it appears it’s residing to that billing. Though the venture is down as we speak on account of broader headwinds in crypto, it’s wanting like a superb wager for the long run. Listed here are some highlights:
Fantom (FTM) has surpassed $12 billion in Whole Worth Look, making it one of the beneficial DeFi on the market.
The latest surge implies that FTM’s TVL is now larger than that of Solana and Avalanche.
With this pattern, Fantom (FTM) appears poised to compete instantly with Ethereum within the close to time period.
Knowledge Supply: Tradingview.com
Fantom (FTM) – The place does it go subsequent
The worth motion within the broader crypto market has remained fairly bearish. Most cash have tumbled, and FTM isn’t any completely different. On the time of writing, it was buying and selling at $1.97, down almost 11% in 24-hour intraday buying and selling.
However extra importantly, FTM has now surged previous $12 billion in whole worth locked. This makes it greater than Solana and Avalanche when it comes to TVL. Shortly after the information was introduced, FTM surged by 17% albeit sentiment in broader crypto has weighed on the worth, sending it tumbling within the final 24 hours. However regardless of this, it is a good signal that Fantom is rising and rising quick.
Must you purchase Fantom FTM?
Sure, with the sort of development we have now seen in FTM over the previous couple of months, it is best to have it in your portfolio. The truth that the token is down proper now means that you’ve a uncommon probability to get in on a reduction. This can be a long-term play for people who’re in search of Ethereum options.
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