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%$FTM Leaps 14% Ahead of Sonic Upgrade as Bitcoin, Ethereum Struggle
Fantom has emerged as the top performer in the top 100 cryptocurrencies, showing resilience while most of the rest of the market sees red.
It would seem Fantom (FTM) hodlers have mastered the Zen mindset and don’t want to know about corrections, market FUD, or any of the scary news filling today’s market analysis.
Launched in 2018, Fantom is a Layer 1 meant to compete with Ethereum.
It uses a single consensus layer, called Lachesis Protocol, to support the creation of multiple execution chains.
The FTM token has registered a remarkable 13.7% spike in the last 24 hours and is the best performing token of the top 100 by market capitalization. It stands in stark contrast to the overall market performance, with 87 out of the top 100 tokens having seen a downturn in the past day.
Yesterday painted a different picture, with nearly 90% of tokens registering gains. However, today's landscape is a sharp contrast, with only 13 tokens in the green. Among these, Fantom leads the pack, rising from $1.04 to $1.18 within the last 24 hours.
This upward trajectory is not a recent phenomenon; the coin was trading at $0.76 just seven days ago, marking a substantial 55.6% increase in value over the past week.
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