Summary
TLDR: Fantom’s native token FTM is up 8% as the best performing crypto in the Top 100 coins by market cap. The price surge is attributed to the announcement of the USDC.e stablecoin launch and an upcoming network upgrade called Sonic. The coin has shown strong performance with a 13.3% increase over the past seven days and almost 25% growth in the last 30 days. Key figures like Stani Kulechov and Andre Cronje have also boosted market confidence in Fantom. The launch of USDC.e, a bridged version of USDC, has opened up new possibilities for the platform’s ecosystem. Fantom is expected to continue its bullish momentum in the near term.
Key Points
1. Fantom’s native token, FTM, is up 8% today, making it the best performing crypto among the Top 100 coins by market cap following the announcement of its USDC.e stablecoin launch and an upcoming network upgrade.
2. The Sonic upgrade is expected to significantly boost Fantom’s transaction processing speeds to up to 2,000 transactions per second with a time to finality of 1.1 seconds, replacing the existing mainnet called Opera.
3. Stani Kulechov, the founder of Aave and Avara, has been revealed as a major investor in the Fantom protocol, contributing to its bullish momentum along with lead developer Andre Cronje’s initiatives to boost the platform’s meme coin ecosystem.