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Fantom

FANTOM is a new directed acyclic graph (DAG) based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.

The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols. The FANTOM platform adopts a new algorithm known as the “Lachesis Protocol” to maintain record-keeping across its blockchain. 

The mission of FANTOM is to provide compatibility between all transaction bodies around the world and to create an ecosystem that allows both real-time transactions and data-sharing at a low cost.

Fantom is a directed acyclic graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its bespoke consensus algorithm.

It is an open-source decentralized smart contract platform for DApps and digital assets, created as an alternative to Ethereum. Fantom seeks to overcome the limitations of previous generation blockchains by balancing scalability, security, and decentralization. 

The platform's in-house token, FTM, powers the ecosystem and is used for payments, network fees, staking, and governance. 

Fantom's mission is to grant compatibility between all transaction bodies around the world, striving to provide higher scalability at a lower cost.

A widely followed crypto strategist believes one under-the-radar Ethereum (ETH) challenger will hit his massive price target this cycle. Pseudonymous trader Rager tells his 199,100 followers on the social media platform X that he's bullish on layer-1 protocol Fantom (FTM). Rager shares a chart suggesting that FTM will hit his price target of $3.

Trader Unveils Massive Price Target for Ethereum Rival, Says Memecoins Attract Retail Investors

A closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.

Trader Says Solana-Based Altcoin That's Up Over 4x in a Week To Go Higher, Updates Outlook on Fantom and Ethena

Sonic Labs, the team behind the Sonic blockchain formerly known as Fantom, has released an ambitious litepaper that details technological advances and a new token distribution mechanism.

FTM Spikes Following Release of Sonic's Ambitious Litepaper

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom's major upgrade, named Sonic.

What Is the Fantom Crypto Sonic Upgrade?

A closely followed analyst believes that one Ethereum (ETH) challenger is gearing up to spark massive rallies and play catch-up with other high-flying crypto assets.

Trader Says Ethereum Rival One of His ‘Highest Conviction' Trades, Forecasts Major Catch-Up on Bullish Catalyst

Solana

A widely followed trader is leaning bullish on a mid-cap Real World Asset (RWA) token while offering his insight on three other altcoins.

Trader Predicts Record High for Real-World Asset (RWA) Token, Updates Outlook on Solana, Fantom and dogwifhat

A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that machine learning platform Fetch.

Crypto Trader Says Blue-Chip AI Altcoin Primed to Breakout Soon, Updates Outlook on Sui and Fantom

Fantom's native FTM token has been one of the best-performing assets amongst the large cap crypto assets over the past week, gaining over 6.6%.

Fantom's FTM Token Surges 32% Over the Past Month Amidst Sonic Upgrade

Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs' chief technology officer Andre Cronje showcased the network's testnet performance, highlighting a transaction finality of 720 milliseconds.

Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality

Oil trader Vitol is under investigation in the Netherlands, the public prosecutor's office said on Friday, confirming a report by Dutch investigative news site Follow The Money (FTM).

Dutch authorities confirm Vitol probe after FTM report

Curve DAO Token

A widely followed crypto strategist is predicting a massive breakout for one decentralized finance (DeFi) low-cap altcoin. Pseudonymous analyst The Crypto Dog tells his 810,200 followers on the social media platform X that Synapse (SYN), a protocol that aims to enable secure cross-chain communication, could soar more than 75% from the current value.

Trader Predicts 75% Surge for Low-Cap Altcoin, Flips Bullish on Fantom and One DeFi Crypto Asset

A widely followed crypto strategist and trader believes that one low-cap layer-1 altcoin project may be gearing up for a massive rally. Pseudonymous analyst The Crypto Dog tells his 810,000 followers on the social media platform X that Saga (SAGA) may be breaking out of a descending trendline on the three-day chart. “Longed SAGA.

Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom

Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic.

Fantom Foundation and Sonic Labs Tap Alchemy to Boost Performance and Scalability for Opera and Sonic

The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain's failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation Ltd.

Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million

A widely followed crypto analyst says that one Ethereum (ETH) competitor is going to be decent moving forward while updating his outlook on Bitcoin (BTC).

Analyst Says One Ethereum Rival's Going To Be a ‘Decent Project' Going Forward, Maps Path Ahead for Bitcoin

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.

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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.

Fantom Foundation Allocates $120 Million to Accelerate Migration to Sonic

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.

Trader Warns up to 40% Correction on the Table for Surging Memecoin, Updates Outlook on Fantom and Sui

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.

This Ethereum Rival Could Skyrocket by Nearly 2x Over the Short to Medium-Term, Says Coin Bureau's Guy Turner

The Fantom Foundation has recently unveiled plans to launch the Sonic chain and has established a dedicated foundation to oversee its development and deployment.

Fantom Foundation Reveals Sonic Foundation for New Sonic Chain

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic's ecosystem development.

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

The Fantom Foundation is launching the Sonic Foundation and Sonic Labs alongside its upcoming blockchain.

Fantom developers introduce foundation for Sonic, close $10 million strategic round

Chainlink

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.

Trader Predicts More Rallies for Surging Ethereum Rival, Updates Outlook on Chainlink and Two Additional Altcoins

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.

Fantom (FTM) Defies Crypto Market Doldrums and Surges 15% This Week Amid New Chain Upgrade

FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.

News for Fantom Crypto (FTM)