Fantom's (FTM) leap was not in isolation
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At the time of writing, FTM was up 26.21% in the last 24 hours to $0.828. Its 24 hour trading volume has also risen 315% to come in at $497 million. This surge is not just a random spike but the result of specific developments within the Fantom ecosystem and the broader crypto market.Fantom's surge might be rooted in tangible improvements to its network infrastructure. The platform has been diligently working on upgrades that would enhance the scalability of the network.
This upgrade aims to improve the scalability of the network through two new implementations: Fantom Virtual Machine and a new storage system for Fantom’s Opera chain. Ultimately, this upgrade aims to make Fantom one of the highest-performing monolithic blockchains. As previously stated, Fantom's leap was not in isolation. The broader momentum on the crypto markets, particularly the upswing in Bitcoin's value, has had an impact on a variety of cryptocurrencies, including FTM.rose alongside the markets on Wednesday as the April consumer price index indicated that inflation fell from the previous month. The cryptocurrency's price has risen by 6% to $66,243, according toTomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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