The weekly 9.31% gain in Etherium (ETH-EUR) and 8.7% in ETH-USD bodes well for the cryptocurrency market. Bitcoin’s strong weekly performance, up 4.85%, further helped cryptocurrency sentiment strength.
Crypto investors seeking the fastest blockchain networks should watch Fantom (FTM). Measured by transaction per second rates, FTM is among the speed pioneers, along with Solana, Elrond, and Zilliqa.
In the last week, Fantom rose from 0.2496 to 0.31 on the weekend (Nov. 11). Uncertainty in the cryptocurrency market is waning. Optimistic investors flocked to FTM, confident that its security, decentralization, and speed will increase its adoption.
Fantom Price Prediction
Investors looking for an alternative to the pricier BTC may interpret Fantom’s nearly monthly double return as continuing. This may lead to speculative predictions of its future value. Its price between 2023-2030 is a wild guess. Still, its contribution to accelerated multifold transactions and various other network efficiencies is notable.
Fantom investors should monitor its market cap, circulating supply, and trading volume. Of those three metrics, trading volume is the one to watch. It needs a higher daily volume to demonstrate higher adoption rates. As usage increases, demand for FTM rises. This increases both the price and market cap.
FTM will not reach the Ethereum or Bitcoin market cap but is a smaller player to consider.
