Fantom (FTM) surged 45% before the FOMC meeting

 Fantom（FTM） Tokens are falling to 0.2916 The dollar level lost some traction , Can't continue to bounce up . The prices of most coins and tokens have risen , It shows that the previous week was relatively favorable for the cryptocurrency market . With the largest cryptocurrency and token gains recently , The market value has exceeded 1 Trillions of dollars . therefore Fantom（FTM） It is considered to be one of the best performing cryptocurrencies last week .

Key basic knowledge points

However, these gains are short-lived , Because the Federal Reserve is preparing to raise interest rates to fight inflation .BTC The steady decline in prices is proof . As the new week begins , The currency （BTC） Showing challenging behavior before another important monetary policy decision of the United States . When bitcoin prices fall , Include Fantom (FTM) All other cryptocurrencies, including tokens, tend to be affected .

at present Fantom The price for 0.324711 dollar ,24 The hourly volume is 353,162,217 dollar .Fantom Fell on the last day 2.59%. The real-time market value is 826,391,504 dollar , The current market ranking is 56 position . Yes 3,175,000,000 individual FTM Coins available , Currently in circulation FTM Coins have 742 individual .

Bearish cryptocurrency market – FOMC Meeting method

The cryptocurrency market failed to maintain its strong performance from the previous week to this week , And it lost its upward momentum in the expectation that the United States would announce its key monetary policy again . The previous week was good for the entire cryptocurrency market .

Because of the past 7 Day top cryptocurrency and token revenue , The total market value soared to 1 Over a trillion dollars . However , The recent bearish wave in the cryptocurrency market has put pressure on all cryptocurrency assets .

This can be seen from the recent decline in the value of bitcoin, the world's largest cryptocurrency ,BTC In free fall , May soon fall below 21,800 dollar . The Fed's interest rate hike is the biggest news this week . However, the Federal Open Market Committee (FOMC) Will determine the future of interest rates , Is expected to be 75 or 100 BPS .

Network development

2018 year Fantom Release , This is a proof of equity in competition with Ethereum smart contracts (PoS) Blockchain .Fantom Claim to have the fastest settlement speed of smart contracts . It also has low cost and can be extended to tens of thousands of transactions per second . Even though Fantom The developer did not make a specific announcement , but Fantom The price of coins is rising . The reason may be related to the purpose of creating PoS Ethereum merger of platform and 9 month 19 Daily potential “ go online ” The target date is related to .