- Fantom’s price increased by 119% as a result of Andre Cronje’s influence and important technological developments.
- Based on his analysis from late February, crypto analyst Ali Martinez believes that $1.44 will be the next target for FTM.
Fantom (FTM) has taken center stage after soaring 119% to achieve $0.901 in just three weeks, bucking the general market decline, placing it as the 46th-largest crypto with a $2.6 billion market cap.
This amazing rise is primarily due to the efforts and technological innovations spearheaded by Andre Cronje, the man who laid the groundwork for the Fantom Blockchain.
10k tps achieved. Publicly verifiable. Can test for yourself, on public infrastructure. No need for "trust me bro". Available today, no need to wait. And we havent even started with the parallel execution meme. https://t.co/q2QRKM9WXe
— Andre Cronje (@AndreCronjeTech) March 15, 2024
Fantom is Propelled by Technological Milestones and Cronje’s Influence
Cronje’s involvement in X has brought attention to how well-known individuals are in favor of digital currency assets. The release on March 15th, which revealed that Fantom had achieved 10,000 Transactions Per Second (TPS), was one of his updates that greatly contributed to the surge in FTM’s worth.
At that time, Cronje’s talks about Fantom’s technological advantage over other modular blockchains demonstrated this. With a 30,000 TPS potential, the Fantom Virtual Machine (FVM) significantly outperforms rivals, including those using Ethereum Virtual Machines (EVMs) that are parallelized.
Meanwhile, in a significant development aimed at enhancing network security and decentralization, Fantom has boldly reduced the staking threshold for validators by 90%, as previously reported by ETHNews.
Analysts Confident About Fantom’s Future
Despite the recent declines brought on by the volatility of Bitcoin, the market is still optimistic about FTM. Investors who are anticipating a spike to higher price points are closely monitoring the significant accumulation areas at $0.752 and $0.720.
Renowned cryptocurrency expert Ali Martinez has added to the bullish view by igniting further enthusiasm in the FTM community. Martinez identified $1.44 as an impending significant milestone for Fantom based on his analysis from late February, raising hopes for the token’s future trajectory.
$1.44 next $FTM https://t.co/Qab2s3KYoa
— Ali (@ali_charts) March 16, 2024