Fantom (FTM) surprises with 23% gain, analyst predicts next moves
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However, Fantom's performance stands out, as it was able to close out crypto's red day in green. Despite falling to lows of $0.722 on March 15, Fantom sharply rebounded and was sustaining gains even until press time. If today closes in green, Fantom would mark its second day of gains in contrast to other cryptocurrencies that were sustaining losses at press time.Fantom is currently trading at $0.903, up 18.09% in the last 24 hours, and 13% in the last seven days. This surge has propelled FTM to 48th place, with a market capitalization of $2.53 billion, solidifying its position among the top 100 cryptocurrencies by market value.a bold target for Fantom's price, suggesting that FTM could reach $1.
Fantom shares highlights of the incredible performance seen from the Sonic closed testnet over the last few months in preparation for the highly anticipated launch.Nearly 2,000 TPS have been achieved at almost one-second finality. With ERC-20 swap and transfer transactions, 4,000 TPS at almost 1.3 seconds finality and 10,000 TPS at almost 1.6 seconds finality were achieved.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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