Fantom (FTM), one of the few cryptocurrencies spearheading the current altcoin rise, is on a bullish run. As of this writing, the price of the digital currency has increased by 10% to $0.3086, however there has been significant fluctuation. In an effort to close November off well, Fantom has increased its weekly gains to 14% based on the present forecast.
Despite having a completely new architecture, Fantom is still at the forefront of Distributed Ledger Technology (DLT) protocols and has accomplished some significant milestones. One of its most recent actions was allocating more than 505,000 FTM to around 12 initiatives under its gas monetization programme, which improved the ecosystem’s attitude.
Notably, Fantom’s expansion also confirms the underlying belief that persistent development and ecosystem innovation would ultimately pay dividends, even in the face of a slump. This is the tale of Fantom, a cryptocurrency that saw a decline to $0.178 earlier this year during a period when other cryptocurrencies were trying to stabilise due to overall market pessimism.
The fact that FTM is gaining traction on its own and among its core supporters is evidence that it is still popular.
Fantom brilliantly navigating highs and lows
Fantom has seen some noteworthy highs and lows this year because it owes its community the responsibility to continue flourishing. Multichain’s hack was one of the major straws that broke the camel’s back.
With fewer users, the Multichain vulnerability nearly made Fantom a ghost protocol, and Web3 stakeholders looked into other chains to satisfy their needs. FTM began to chart a comeback after a great deal of internal work and encouraging industry trends; at one time, it was included with other top performers, such as Cardano (ADA) and El Hippo (HIPP).
Fantom has emerged as a top token to be aware of thanks to its inspiring tale of resiliency.
