What currency is FTM?

FTM is the Fantom network’s native cryptocurrency and is used for transaction fees, staking, governance, smart contracts, and cross-chain interoperability. Features include: fast transaction speeds, low fees, high scalability, support for smart contracts, community governance and interoperability with other blockchains.

What currency is FTM?

FTM is the native token of the Fantom network and a digital cryptocurrency based on blockchain technology.

What does FTM coin mean?

FTM coins are mainly used in the following aspects:

1. Transaction fees: Transactions that occur on the network require payment of FTM as a fee.

2. Staking: FTM holders can verify transactions and earn rewards by staking their tokens.

3. Governance: FTM holders can participate in network governance, including voting to determine the future development of the network.

4. Smart Contract: FTM is used to pay for the execution of smart contracts on the Fantom network.

5. Cross-chain interoperability: Fantom network is interconnected with other blockchains through a mechanism called cross-chain bridge. FTM can be used to transfer funds and assets between these bridges.

Features:

• High transaction speed and low transaction fees
• High scalability
• Support smart contracts
• Community Governance
• Interoperability with other blockchains

Current Prices and Indicators

Fantom (FTM ) is currently trading at $0.70 with a 24-hour trading volume of $285 million. The circulating supply is 2803634835.5 FTM and the market cap is $1.977 billion.

Latest Changes

Over the past 24 hours, FTM price has increased by around 9%, climbing from around $0.65 to current levels.

Factors for price movement

FTM price increase may be attributed to the following factors:

• Overall optimism about the cryptocurrency market
• The development of the Fantom ecosystem, including the growth of DeFi and NFT projects
• FTM is used to pay for increased transaction and storage fees on the Fantom blockchain

Future Outlook

The short-term price trend for FTM is bullish, as both market trends and fundamentals support continued gains. However, due to the high volatility of the cryptocurrency market, price movements can reverse at any time.

What investors should do

Investors should carefully consider their investment objectives and risk tolerance when investing. FTM is a highly volatile asset that may be suitable for active investors, but it may also not be suitable for investors looking for stable returns.

Short Term Forecast

FTM prices are expected to continue rising in the short term, but the upside may be affected by market conditions. Investors should pay close attention to cryptocurrency market trends and developments in the FTM ecosystem to make informed investment decisions. : 1.977 billion US dollars

Circulation volume: 2803634835.5 FTM

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