FTM or SUI? There has to be one!

Everyone is familiar with these two public chains. In the last article, SUI was analyzed. Today, let’s talk about another old public chain FTM that has come back from the dead. FTM has been very popular recently. The price of the coin has doubled since the bottom and has returned to the EMA200 moving average. So why is it so strong recently?

When it comes to FTM, we must mention the recent coin swap and mainnet upgrade. FTM has announced the mainnet upgrade through its broadcast channel in the foundation and changed its name to "SONIC". With the launch of the Sonic blockchain, the new native token $S will also be released at the same time, and the supply will match that of FTM. The token will be exchanged for the new $S at a ratio of 1:1, which will facilitate seamless replacement by more users and allow FTM developers and dApps to migrate to Sonic smoothly.

Although coin swaps seem to have been verified as a very bad means for project parties in this bull market, the so-called coin swap of FTM is completely different from FET or even POL. Users can make two-way choices, retaining and switching between the two.

In addition, as we all know, in a bear market, project owners will hold back their own benefits and wait for a bull market to promote their products and expand market publicity. The recent FTM pull-up can be said to be the dealer's doing things, but it has also received more attention and recognition from retail investors. As of press time, according to CoinMarketCap data, FTM's trading volume has increased by more than 250% in the past three days, and the dApp trading volume on the network has also increased by more than three times in 24 hours, reaching 10 million US dollars. After the surge in trading volume, the movement of the currency price must be as expected by the project owner, complementing each other.

Under such a gimmick of "massive development behind the scenes", the support of the financial level is indeed what we hope to see. At present, such a continuation is not a flash in the pan. And if we look closely at Sonic, you will find that this system, which is expected to be upgraded by the end of 2024, is expected to increase Fantom's performance to 2,000 TPS, achieving almost super timeliness. The upgraded network will have the ability to verify more than 10,000 transactions per second, ensuring a verification speed of about 1 second. With such data support and consensus, I am more optimistic about the future of FTM. $FTM #美联储利率决议公布在即