Sonic

Bitcoin

Fantom

Daily

Coin

<p>Fantom (FTM), a leading smart contract platform focused on speed, witnessed its native token abruptly gain 30% amid a mix of network-specific improvements alongside broader Bitcoin momentum, lifting crypto markets higher. Multiple factors appear to support Fantom’s upside breakout.</p> 
<p>FTM has surged from a 24-hour low of $0.5137 to a high of $0.7427 before falling to its current price of $0.6665.</p> 
<h2 class="wp-block-heading" id="whale-re-accumulation-hints-at-high-conviction">Whale Re-Accumulation Hints At High Conviction</h2> 
<p>According to on-chain intelligence provider <a href="https://twitter.com/spotonchain/status/1764511023191515190" target="_blank" rel="nofollow"><strong>SpotOnChain</strong></a>, an anonymous whale wallet tracked by researchers abruptly purchased nearly $3 million worth of FTM across February 25th and 26th. Timed almost perfectly with Fantom’s rally igniting, the analyst suggests the deep-pocketed entity likely remains bullish, expecting further upside follow-through.</p> 
<p><strong>“Whale 0xdf8 bought a total of 4.71M FTM at ~$0.57 ($2.69M) via Gemini and Airswap in the last 2 days, now making $600K (+22%),” </strong>SpotOnChain tweeted. “Notably, he/she last bought $FTM only an hour ago. Is the whale still bullish on an even bigger pump?”</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="626" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-1024x626.png" alt="" class="wp-image-447682" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-1024x626.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-767x469.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-1536x939.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-2048x1252.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-573x350.png 573w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144-788x481.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-144.png 1904w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Such situational awareness spotting both the well-timed dip buying and continued accumulation as prices broke out flags of clear conviction by influential traders expecting more vertical momentum ahead rather than merely short-term noise.</p> 
<h2 class="wp-block-heading" id="improving-network-performance-and-usage">Improving Network Performance And Usage</h2> 
<p>Fundamentally, Fantom continues working towards upgrades that boost network throughput and reduce costs—both crucial for hosting decentralized applications at scale and competing against faster chains like Solana.</p> 
<p>The recent Sonic release specifically targeted these ambitions by augmenting transaction speeds north of 4,500 TPS and lowering storage charges. Community sentiment also trended positively as social volume metrics climbed over 20% this week, reports highlighted.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF?
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>According to the X account <a href="https://twitter.com/FantomTalk/status/1764614672425386482" target="_blank" rel="noreferrer noopener nofollow">Fantom Talk</a>, here are a few reasons that triggered the FTM price surge:</p> 
<ol> 
 <li>FTM is trending on top crypto data platforms like CoinMarketCap and CoinGecko as interest expands.</li> 
 <li>Fantom network volume spiked over 320% over the past 24 hours, handily exceeding other top chains and signaling major capital inflows.</li> 
 <li>Daily transactions on Fantom rapidly grew by 100%+ over just 7 days, confirming new user onboarding and activity ramping up. The trend should continue, per projections.</li> 
 <li>Total value locked (TVL) quantifying assets deployed inside Fantom DeFi apps jumped 20%+ in one day amid the resurgence – reclaiming the top 35 ranking among all chains as confidence returns after past depegging events caused drops.</li> 
 <li>Fantom’s market capitalization similarly climbed nearly 40% since the start of 2024, then almost 30% in the last 24 hours alone, signaling investors regaining interest more broadly.</li> 
 <li>Fantom’s network efficiency remains stellar despite growth, still confirming transactions in 1 second for negligible fees under $0.001.</li> 
</ol> 
<p>So between technical tailwinds lifting markets broadly, and Fantom’s own improvements reaching clear milestones on development roadmaps to sustain growth, upside conditions aligned to spark the abrupt 30% FTM price explosion.</p> 
<p>Still, analysts generally expect a short-term cooling before continuation runs unfold. By consolidating gains, Fantom strengthens its next ascent when altseasons return in earnest later this cycle.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/polkadot-dot-is-now-basically-open-air-with-no-near-term-resistance-as-epic-pump-begins-top-analysts-set-their-targets/" target="_blank" rel="noreferrer noopener">Polkadot (DOT) Is Now ‘Basically Open Air’ With No Near Term Resistance as ‘Epic Pump’ Begins, Top Analysts Set Their Targets</a></li> 
 <li><a href="https://captainaltcoin.com/meme-coin-wave-lifts-pepe-to-new-heights-price-up-over-300-but-heres-the-catch/" target="_blank" rel="noreferrer noopener">Meme Coin Wave Lifts PEPE to New Heights, Price up Over 300% – But Here’s the Catch</a></li> 
 <li><a href="https://captainaltcoin.com/can-deestream-dst-revolutionize-streaming-as-ethereum-eth-binance-coin-bnb-surpass-all-time-highs-for-2024/" target="_blank" rel="noreferrer noopener">Can DeeStream (DST) Revolutionize Streaming as Ethereum (ETH) &amp; Binance Coin (BNB) Surpass All-Time Highs for 2024</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-fantom-ftm-price-up-by-30/">Why is Fantom&nbsp;(FTM) Price Up By 30%?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Fantom (FTM) Price Up By 30%?

Table of Contents

CaptainAltcoin

Other articles published on Mar 4, 2024

Bitcoin’s Record High Correlates with Tether’s Latest USDT Issuance

'BONK Killer' MILLI Skyrockets 400% In A Day, Outshining Dogecoin And Shiba Inu Within 2 Days Of ...

Bitcoin Reaches $50,000 Again as Altcoins Show Mixed Performance

Privasea Secures $5M Seed to Address Data Privacy Challenges in Distributed Computing

Fantom’s Native Asset FTM Starts the Day with a Strong Surge

Bitcoin traders raise leverage 300%: Will BTC price finally reach $70k this week?

Join our free newsletter for daily crypto updates!