фото показано с : invezz.com

Fantom (FTM/USD) is the 34th-largest cryptocurrency by market cap. It just saw a massive price increase in the last few days, surging by over 77% in total on a weekly basis. The price surge came almost immediately after Nansen, a known data analytics provider announced its support for the project.

As many likely know, Fantom Network is a smart contracts platform that uses PoS consensus algorithm. It was created on Direct Acylic Graph technology, which is implemented by a number of other major projects, including IOTA and Hedera Hashgraph.

Yesterday, however, the coin saw a massive price increase after a new press release, published by data analytics provider, Nansen. Nansen’s team announced adding support for Fantom’s blockchain, which immediately sent its price sky-high.

According to a recent report by DeFi Lama, Fantom had over $5 billion TVL, which started surging as well following the announcement and immediately drawing attention to the project from all sides.

FTM price went from $1.29 on October 6th to the new all-time high of $2.43 on October 8th. The coin has dropped to $2.25 after hitting the ATH, which was to be expected after such rapid growth.

It should also be noted that Fantom saw a strong price surge several times over 2021, with the latest one being in the first half of September when it also hit an ATH. Before that, it skyrocketed in early May of this year, also marking a new milestone at the time. It appears that every new price rally is taking FTM higher and higher, attracting new users as it goes, and even when it corrects, it does so by going to a new major support level that starts serving as its bottom.

After it gets integrated with Nansen, the project will become a part of its dashboard, which will make it more visible and accessible.

The post Nansen announces support for Fantom (FTM), causes 30% price surge appeared first on Invezz.

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