• Fantom (FTM) has been one of the best-performing tokens of 2023, increasing by over 136%.
• FTM gained 38.77% in the last seven days alone, outperforming Bitcoin (BTC).
• The price rally can be attributed to Fantom’s recent integration with the Axelar Network.
What Is Fantom?
Fantom is a cryptocurrency token which has been gaining lots of attention from investors lately due to its impressive performance in 2023. After experiencing a 94.19% decline from its all-time high price in late 2022, FTM began the year trading as low as $0.2007, however it has since surged by over 136%.
Fantom Records 39% Profit In Seven Days
According to data from CoinMarketCap, Fantom (FTM) gained by 38.77% in the last seven days alone, outperforming major cryptocurrencies such as Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Bitcoin (BTC) itself. As of the time of writing, FTM is trading at $0.4724, having gone up by 1.98% in the last 24 hours with a daily trading volume of $240.7 million and a total market cap of $1.312 billion.
What Does Axelar’s Integration Mean For Fantom Users?
The recent integration between Fantom and Axelar Network will allow developers on the network to access smart-contract codes on any chain connected to Axelar via General Message Passing (GMP) protocol. This means that users on the network will be able to easily transfer value between blockchains without interruption or hindrance due to cross-chain incompatibility issues which have plagued other projects before now.
Conclusion
In conclusion, it is clear that Fantom’s recent partnership with Axelar Network has had a positive impact on its performance and potential future growth prospects as well as providing users with more efficient ways to transfer value across multiple networks without worrying about compatibility issues or other obstacles that could hinder progress or success down the line..