Fantom (CCC:FTM-USD) is surging in trading following the announcement of a $15 million investment by Singapore-based HyperChain Capital. Currently trading for 57 cents, FTM-USD is up nearly 14% in the past 24 hours.
The $15 million investment by HyperChain follows a 2018 investment of $2.5 million. Additionally, blockchain. Per a Fantom Foundation press release, the investment “reflects HyperChain’s by end-users and developers.”
Fantom is an alternative to the Ethereum (CCC:ETH-USD) blockchain that uses to validate transactions. This allows for the network to be decentralized, scalable and secure, not just two of the three. In practice, this means minimal fees and near-instantaneous transactions.
Last week, Fantom , called Go-Opera. This upgrade made transactions faster (they now take ~1 second) and improved other network efficiencies. This makes Fantom
.
Yesterday, Fantom announced , which follows . This follows partnerships with Clover Finance (CCC:CLV-USD) in (DeFi) and SuperFarm in (NFTs).
Fantom (FTM) Price Predictions
With Fantom presently trading around 57 cents, what will FTM-USD do next? Here are some Fantom (FTM) price predictions:
- Yesterday, with FTM-USD trading around 48 cents, FXStreet said . FXStreet also said 50 cents is the primary resistance level.
- Bitgur says Fantom could climb as high as 88 cents in the next month, though the price .
- Pooling the wisdom of crowds, Cryptotelegram says , with some social media analysts eyeing $1.50.
- Coin Skid has a Fantom (FTM) price prediction of . It sees FTM-USD climbing as high as $1.23 by the end of August 2022 and $3.53 by the start of 2025.
- Wallet Investor has .
- Trading Beasts predicts .
- Digital Coin Price has a and $1.69 by the end of 2025.
On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article.
