What Occurred: Fantom was ranked sixth among the many prime 10 bought tokens of the Ethereum whales with a median buy quantity of $72,962, based on data from cryptocurrency knowledge platform WhaleStats.
The token additionally stood sixth among the many most used good contracts by the most important Ethereum wallets.
See Additionally: How To Buy Fantom (FTM)
Why It Issues: Fantom describes itself as a directed acyclic graph (DAG) good contract platform offering decentralized finance (DeFi) providers to builders.
It’s an open-source decentralized good contract platform for decentralized apps (Dapps) and digital belongings that had been created as an alternative choice to Ethereum. Greater than 80 Dapps have been deployed on Fantom’s platform, based on its web site.
Value Motion: Fantom is down 12.0% through the previous 24 hours and likewise down 34.7% over the previous seven days, buying and selling at $1.18 at press time.