FANTOM is coming with a new update in the coming months. So, what kind of price changes will this update bring to Phantom?
What is the FANTOM SONIC update?
Sonic is Fantom's upcoming mainnet upgrade, providing unprecedented scalability and storage for developers and a fast, fluid experience for users. The network is capable of processing approximately 2,000-10,000 transactions per second with a result of approximately 1 second.
With this update, $FTM may start to rise. There will be significant increases, especially in the meme coins on the phantom network. With the update expected to take place in next May & June, $FTM will start a new rising trend. The reason for this is that you can buy and sell meme coins on the Phantom network with ftm tokens in your hand (you need to hold sol in your wallet to buy coins on the Solana network).
Have you bought or sold meme tokens on the phantom network before?
Let's talk about the questions you have about the subject in the comments.
BTC USDT Current price is 66,716 USD, up 4.25% and the downtrend has broken down.
The countdown has begun for the halving, which will take place in 24 days (April 16, 2024).
So what is halving? Why is this period so important?
Bitcoin's eagerly awaited halving event arouses great interest in the cryptocurrency world. This event, which occurs approximately every four years, reduces the supply of new Bitcoins by half, leading to a decrease in the current supply. This further emphasizes one of Bitcoin's most important features: its limited supply.
The halving supports the principle of "decreasing supply", one of the fundamental building blocks of Bitcoin. According to this principle, over time Bitcoin becomes increasingly difficult to mine, which leads to an increase in prices along with an increase in demand. Therefore, the halving is not only associated with a decrease in supply but also an increase in demand, potentially increasing prices.
The halving event has been long awaited by the Bitcoin community and is greeted with great curiosity and excitement every time. Because this event plays a decisive role on prices, affecting one of the most fundamental economic dynamics of Bitcoin.
This halving, which will take place on April 16, 2024, is seen as a turning point in the cryptocurrency world and creates great excitement among investors. While speculation about the rise and fall of Bitcoin is more intense than ever, investors are watching this historic event with great attention.
At a time when cryptocurrencies and tokens are gaining increasing popularity, tokenization of real-world assets (RWAs) continues to create excitement in financial markets. Recent developments such as BlackRock's application to establish the BlackRock USD Institutional Digital Liquidity Fund and its collaboration with Securitize have increased interest in tokens such as ONDO.
RWA(Real world assets) includes tangible assets such as gold, silver, real estate, insurance, as well as financial assets such as wages, bills, credit scores. Tokenizing these assets allows them to be used as collateral in the DeFi industry, offering greater access and liquidity to the financial system.
The market cap and trading volume of tokens like ONDO reflect the potential of these assets. Especially the recent price increase of ONDO shows the growth potential in this field. While factors such as total supply and circulating supply also affect the value of these tokens, further innovation and investment in this area is expected with the tokenization of RWAs.
Cryptocurrencies and tokens are now going beyond just digital assets; Tokenization of real-world assets is becoming a major trend that will shape the future of financial markets. This trend looks set to continue attracting the attention of investors and financial institutions.
Have you heard of RWA coins before? Which is your RWA Coin?
There is a shining star among the constantly evolving projects in the crypto world: Fantom (FTM). With a 6x price performance since October 2023, FTM is now capturing the market's attention. However, this rise is just the beginning.
Under the leadership of CEO Andre Cronje, one of the names behind Fantom, the potential of the project is dazzling. Phantom Sonic Mainnet is expected to be released between late March and early April, and Cronje is actively participating in promotional activities, highlighting the project's vision and opportunities.
The price increase shows that Fantom is strong not only technologically, but also in terms of leadership and strategic management. However, at this point it becomes important for investors to make a strategic assessment. While Andre Cronje's influence creates a positive atmosphere for the future of the project, market expectations also need to be taken into account.
Beyond being a project that has made a name for itself in the crypto world, Fantom has the potential to have a tangible impact in the real world. It looks like an exciting journey is about to begin for investors and Fantom is expected to play a key role in this innovative journey of change.
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Do you think FTM will continue its rise? What do you think about Phantom Sonic Mainnet updates?
"XRP (Ripple) is currently trading at 0.62 USD. It is predicted that there may be a significant increase between the next March 25 and April 10. It will be important to follow the market closely in this process to avoid missing opportunities."
What are your thoughts on this subject? Will the expected rise in XRP come or will its price remain stable?