{"id":74438,"date":"2024-03-26T03:53:31","date_gmt":"2024-03-26T07:53:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=74438"},"modified":"2024-03-26T03:53:35","modified_gmt":"2024-03-26T07:53:35","slug":"ftm-price-surges-20-as-new-scalability-solution-launches","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ftm-price-surges-20-as-new-scalability-solution-launches\/","title":{"rendered":"FTM Price Surges 20% as New Scalability Solution Launches"},"content":{"rendered":"\n

With sub-second finality,<\/a> Fantom's sonic technology can process up to 2,000 TPS. The price increase for FTM will persist beyond $2.<\/p>\n\n\n\n

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FTM Price Surges 20% as New Scalability Solution Launches<\/figcaption><\/figure>\n\n\n\n

Fantom's native cryptocurrency, FTM, experienced a substantial price increase of 20% to $1.22 on Monday, March 25. This development coincides with the introduction of Fantom Sonic, \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>a scalability enhancement for the Fantom platform. <\/p>\n\n\n\n

As of the time of writing, Fantom (FTM) is trading at $1.15, an increase of 4.63%, with a market capitalization of $3.22 billion. Notably, the daily volume of transactions has increased by an extraordinary 80%, reaching $535 million.<\/p>\n\n\n\n

Fantom Launches Scalability-Enhancing Sonic Technology<\/h2>\n\n\n\n

Fantom unveiled Sonic technology, an innovative initiative designed to revolutionize the domain of blockchain scalability. This advancement continues the rigorous research and development that led to the December 2019 release of the initial Opera network.<\/p>\n\n\n\n

Under the visionary leadership of Andre Cronje and his committed technical team, the Opera network represented a momentous achievement as the inaugural protocol based on the permissionless Directed Acyclic Graph (DAG).<\/use><\/svg><\/span><\/a> <\/p>\n\n\n\n

With notable accomplishments, including a peak transaction throughput of almost 200 transactions per second (TPS) and a finality time of less than 600 milliseconds, it demonstrated substantial advancements in scalability and transaction velocity compared to Ethereum's capabilities at that time.<\/p>\n\n\n\n

Notwithstanding its triumphs, the Opera network encountered difficulties during periods of heightened demand, resulting in congestion and a compromised user experience. <\/p>\n\n\n\n

As a reaction, the Fantom team initiated a two-year endeavor to create Sonic technology to surmount these constraints and introduce a paradigm shift in the scalability of blockchain technology.<\/p>\n\n\n\n

With the ability to process up to 2,000 TPS with sub-second finality, Sonic signifies a groundbreaking advancement. Furthermore, this progression signifies a substantial development in Opera's functionalities and emphasizes Fantom's dedication to pioneering approaches.<\/p>\n\n\n\n

Fantom endeavors to redefine blockchain infrastructure by leveraging Sonic's exceptional technical prowess. In addition, the technology will function as the bedrock for a distributed sequencer that can handle more than 180 million transactions per day while ensuring real-time confirmation.<\/p>\n\n\n\n

FTM Price Prediction<\/h3>\n\n\n\n

As mid-term and long-term holders transition to accumulation, the available supply of FTM among traders has decreased significantly in recent days. This trend indicates that confidence in the future potential of FTM is increasing.<\/p>\n\n\n\n

FTM's price continues to be bolstered by optimistic market sentiment, as evidenced by the 7-day Relative Strength Index (RSI), which reveals substantial investor interest despite the stock being overbought. Furthermore, the Exponential Moving Average (EMA) lines indicate a bullish trend, potentially leading FTM to its highest level in two years.<\/p>\n\n\n\n

Currently, the FTM 7-day RSI is situated at 77, marginally below the 81 recorded the week prior, signifying a minor downward trend. However, historical data indicates that despite overbought conditions indicated by the RSI, the price of FTM has continued to rise for extended periods.<\/p>\n","protected":false},"excerpt":{"rendered":"

With sub-second finality, Fantom’s sonic technology can process up to 2,000 TPS. The price increase for FTM will persist beyond $2. Fantom’s native cryptocurrency, FTM, experienced a substantial price increase of 20% to $1.22 on Monday, March 25. This development coincides with the introduction of Fantom Sonic, a scalability enhancement for the Fantom platform. As […]<\/p>\n","protected":false},"author":53,"featured_media":74440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[6784,9688,18921],"class_list":["post-74438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-fantom-3","tag-fantom-blockchain","tag-ftm-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/d.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=74438"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/74440"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=74438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=74438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=74438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}