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Fantom

FANTOM is a new directed acyclic graph (DAG) based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.

The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols. The FANTOM platform adopts a new algorithm known as the “Lachesis Protocol” to maintain record-keeping across its blockchain. 

The mission of FANTOM is to provide compatibility between all transaction bodies around the world and to create an ecosystem that allows both real-time transactions and data-sharing at a low cost.

Fantom is a directed acyclic graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its bespoke consensus algorithm.

It is an open-source decentralized smart contract platform for DApps and digital assets, created as an alternative to Ethereum. Fantom seeks to overcome the limitations of previous generation blockchains by balancing scalability, security, and decentralization. 

The platform's in-house token, FTM, powers the ecosystem and is used for payments, network fees, staking, and governance. 

Fantom's mission is to grant compatibility between all transaction bodies around the world, striving to provide higher scalability at a lower cost.

A widely followed crypto strategist believes that one Ethereum (ETH) rival could have a strong performance this year. Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Fantom (FTM) could soar more than 15% from its current value.

Trader Says One Ethereum Rival Will Do Well in 2024, Updates Outlook on Three Additional Altcoins

Fantom (FTM) experienced an 11% increase over the past week, making it one of the top performers in the top 50 cryptocurrencies by market capitalization.

Fantom (FTM) Surges 8% Amidst USDC.e Stablecoin Launch and Network Upgrade

A renewed focus on boosting its meme coin ecosystem and bridging native USDC is fueling bullish interest in Fantom.

Fantom's Native Token FTM Rises 8% On USDC.e Stablecoin Launch

To increase investor safety with meme coins, Andre Cronje, co-founder of the Fantom Foundation, has introduced a proposal to issue these tokens on the network with enhanced security and fairness. What Happened: Cronje's proposal is crafted to mitigate the risks associated with investing in less serious tokens.

Fantom Co-Founder Proposes Safer Meme Coin Issuance to Protect Investors

Fantom's Cronje is the latest in a line of blockchain teams that are open to directly engaging with memecoins.

Fantom Cofounder Mulls Idea for “Safer” Meme Coins

Solana

Fantom (FTM) co-founder Andre Cronje says the Solana (SOL) network is a victim of success as the smart contract platform faces criticisms due to congestion issues. In a post on social media platform X, Cronje says that Solana's recent outages are only because of its rising user activity and popularity.

Fantom (FTM) Founder Andre Cronje Shows Support for Solana Amid Network Congestion Issues

Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.

Fantom (FTM) Launching Bridged Version of USDC As New Official Ecosystem Stablecoin

Arbitrum

Bitcoin

Google search results display the remaining token balance in the wallet per network and the time the balance was last updated.

Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and others

Fantom's Sonic release, targeting 2,000 transactions per second with sub-second finality, is expected to debut in late summer or early fall.

Fantom plans to leverage Sonic to build a ‘shared sequencer' for other blockchains

Fantom has emerged as the top performer in the top 100 cryptocurrencies, showing resilience while most of the rest of the market sees red.

Fantom Leaps 14% Ahead of Sonic Upgrade as Bitcoin, Ethereum Struggle

The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Fantom's FTM Outperforms Market Ahead of Upgrade

Fantom's impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency.

Fantom's FTM is the Best Performing Non-Meme Token of the Past 30 Days

Ethereum

A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level.

Trader Says He's Still Incredibly Bullish on Top Ethereum Rival, Updates Outlook on Bitcoin and Three Altcoins

Cardano

Polygon

A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC). Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.

Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon

The Fantom Foundation is taking legal action against Multichain Foundation to recover assets lost in a July 2023 exploit.

Fantom Plans To Liquidate Multichain For Losses Sustained by July Hack

The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.

Fantom Seeks Money Back From Multichain's $200M Exploit

Fantom Foundation announced Monday that it plans to petition the court to liquidate Multichain Foundation to recover missing assets.

Fantom seeks to liquidate Multichain Foundation to recover assets from July exploit

The move could help improve network security as validators are more widely distributed across the world, developers said.

Fantom Slashes Validator Staking Requirements by 90%, FTM Prices Unchanged

Chainlink

Avalanche

Closely followed crypto strategist and trader Michaël van de Poppe is naming the top five altcoins he is bullish on in 2024. In a new strategy video, Van de Poppe tells his 162,000 YouTube subscribers that his first top altcoin choice this year is the smart contract platform Ethereum (ETH).

Ethereum, Chainlink and Arbitrum Are Among Top 5 Altcoin Plays for This Year, According to Michaël van de Poppe

A closely followed crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way to printing gains of about 200%.

Analyst Predicts 200% Rally for Ethereum Competitor, Says One Low-Cap Altcoin Showing Signs of a Breakout

Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on an Ethereum (ETH) competitor based on price action.

‘Brace for a Strong Rally' – Trader Says Ethereum Rival Has Entered Bullish Zone, Could Surge by Double Digits

A crypto strategist thinks that one altcoin that's trading under the radar could repeat its mid-2020 price action en route to printing massive gains. Analyst Ali Martinez tells his 35,900 followers on the social media platform X that supply-chain management blockchain VeChain (VET) looks poised to break out of its immediate resistance at $0.033.

Trader Predicts 2,230% Rally for One Under-the-Radar Altcoin, Says Bullish Leap in Sight for Cardano and Fantom

Pepe

Decentraland

A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH).

Pepe, Polygon, Fantom and Six Other Altcoin Rallies Could Continue, Says Analytics Firm Santiment – Here's Why

With the release of Sonic's testnet yesterday, Andre Cronje is hoping to bring Fantom and blockchain technology back to the future.

Blockchain Tech 'Stuck in the Eighties': Fantom's Andre Cronje

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $30,500 level on Monday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,600 mark this morning.

News for Fantom Crypto (FTM)