The Fantom Foundation is committing up to 200 million FTM tokens to support the launch of Sonic, the network’s newest iteration. In a new blog post, the Fantom Foundation says that its treasury is aiming to expedite the immediate adoption of decentralized apps (dApps) and other partners to the Sonic network. Sonic is designed to […]
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The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class infrastructure tools and partners for developers and users. The Foundation is said to be […]
A widely followed crypto strategist says that a deep drawdown may be in sight for a scorching-hot memecoin. Analyst Michaël van de Poppe tells his 720,500 followers on the social media platform X that Floki (FLOKI) may see a severe correction after rallying by more than 13x in just a few months. “It’s up 1,200% […]
The post Trader Warns up to 40% Correction on the Table for Surging Memecoin, Updates Outlook on Fantom and Sui appeared first on The Daily Hodl.
The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on one Ethereum (ETH) competitor. Turner tells the 2.47 million subscribers of the Coin Bureau channel that the layer-1 blockchain Fantom (FTM) possesses more upside potential based on technical analysis. “The weekly chart appears to be painting a wonky head and […]
The post This Ethereum Rival Could Skyrocket by Nearly 2x Over the Short to Medium-Term, Says Coin Bureau’s Guy Turner appeared first on The Daily Hodl.
A closely followed crypto strategist says he’s bullish on one Ethereum (ETH) competitor that surged by as much as 43% last week. Pseudonymous trader Altcoin Sherpa tells his 216,300 followers on the social media platform X that Fantom (FTM) will see more rallies in the coming months. “FTM is going to $1-ish before any pullback […]
The post Trader Predicts More Rallies for Surging Ethereum Rival, Updates Outlook on Chainlink and Two Additional Altcoins appeared first on The Daily Hodl.
Ethereum (ETH) rival Fantom (FTM) has outpaced the broader crypto market and surged in price this week amid a new upgrade. FTM is trading around $0.801 at time of writing. The 55th-ranked crypto asset by market cap is up nearly 5.5% in the past 24 hours and more than 15% in the past week. By […]
The post Fantom (FTM) Defies Crypto Market Doldrums and Surges 15% This Week Amid New Chain Upgrade appeared first on The Daily Hodl.
Fantom Foundation CEO Michael Kong hopes the blockchain can “replicate the success” of its peers by getting in on the memecoin hype.
Layer-1 blockchain Fantom is pushing the idea of “safer memecoins” by setting aside $6.5 million worth of its native FTM (FTM) token as a reward to devs as it tries to get a slice of the nearly $50 billion sector.
Fantom Foundation CEO Michael Kong told Cointelegraph he wants to create "an environment where people can launch what we call ‘safer memecoins’” and introduce technical and non-technical measures to ensure projects aren’t “just an outright rug or scam.”
Solana and Coinbase’s Ethereum layer 2 Base have seen the bulk of the recent memecoin trading craze with trading volumes on Solana even surpassing Ethereum’s at the peak of the memecoin rush in March.
Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.e on Wormhole is bridged from native USDC, located in a smart contract on Ethereum, and holds the potential […]
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As the weekend approaches, the crypto economy experienced a downturn, declining 4.38% in the past 24 hours to a total value of $2.42 trillion. Bitcoin saw a decrease of 5.5% against the U.S. dollar during this period, while ethereum’s value dropped by 5.3%. In contrast, fantom (FTM) enjoyed a 12% increase, and aptos (APT) rose […]
A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level. To be determined […]
The post Trader Says He’s Still Incredibly Bullish on Top Ethereum Rival, Updates Outlook on Bitcoin and Three Altcoins appeared first on The Daily Hodl.
