Fantom has jumped over 7,000% this year, making it more than double the gain of the popular crypto dogecoin. Its price is currently in the red zone, but it still remains up over 4%. Fantom price is down -1.44% in the last 24 hours. Fantom is a layer-one blockchain platform that has gained widespread acceptance in the crypto community. It is considered as a rival to Ethereum. This coin has a fee structure that gives it the wings to keep going higher. Its price is significantly lower than Ethereum gas fees. Fantom is a blockchain that has witnessed massive growth. Its total value locked (TVL) has grown significantly over the past couple of years.
Despite the rise in demand, it is still constrained by the availability of land and the cost of financing. This is evidenced by the fact that the company’s share price has risen significantly. Many prominent crypto investors have expressed their bullish sentiments for FTM. According to Coin Bureau, the coin could reach a 3x to 2x rise in value due to its strong fundamentals. The Fantom platform aims to provide an improved version of the DAG-based storage infrastructure. Its goal is to provide an improved experience for users while keeping costs low.