Memecoins are the talk of the town, but a new trend is emerging in the crypto universe: high-utility altcoins. Among the projects that are capturing attention, Fantom (FTM) and Sei stand out.
Written by Thomas
Updated on 11/29/2024 at 05:36 by Thomas
Fantom’s FTM crypto soars 45%
Crypto altcoin Fantom (FTM) has been performing exceptionally well recently. Its native token FTM surged 45% on the last month to reach $1.04, adding to what has already been a successful year. We are talking about an increase in 227% over the last 12 months and some experts believe there is still upside potential.
After all, the FTM is still 70% below of its all-time high (ATH) reached during the bull run from 2021 to $3.48. So what makes Fantom such an interesting project?
It all depends on the speed of its blockchain. The system “ Lachesis » from Fantom can process approximately 1,400 transactions per secondwith almost instantaneous execution. As a bonus, transaction fees are extremely low, saving your wallet, unlike some more expensive blockchains.
The Fantom team has been busy making upgrades while everyone else has been caught up in the meme token craze. They are determined to do operate DeFi faster and more efficientlyand app developers are taking notice.
As more and more people tire of slow and expensive chains, the blockchain Fantom is well positioned to take advantage of a possible altcoin season.
The crypto token SEI propelled by 60% over the last month
Alongside Fantom, the crypto Six also makes a lot of noise. The SEI token comes soar by 60% to achieve 0,66 $ and its spot trading volumes also increased.
They reached 1 billion dollars on the last day, which is pretty good considering the market slowdown crypto this week.
What makes Sei unique is that he doesn't try to be everything to everyone. While other channels make big promises, the Sei team has focused on one goal: make crypto trading fast and smooth.
Their “Twin-Turbo” system can process transactions in less than 400 milliseconds. To give you an idea, it's faster than most other blockchain networks.
Since its launch last August, the SEI token has recorded several all-time highs, the most recent in March at 1,14 $. Demand remains strong and developers seem to like Sei's mix of flexibility and high performance.
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