FTM Price Surges 103%, Outpacing Bitcoin and Ethereum

Fantom (FTM) has seen an impressive surge in price over the past month, outperforming leading cryptocurrencies like Bitcoin and Ethereum.

Data shows FTM climbed from $0.26 on August 5 to an intraday high of $0.53 on September 16, a whopping 103% increase.

This significant rise has made FTM one of the top gainers among the top 100 cryptocurrencies by market cap, with other major cryptos like Bitcoin down 4% and Ethereum falling by 12.6% in the same period.

Crypto trader 'Mister Crypto' attributes this surge to 'a lot of development behind the scenes', specifically citing the upcoming Sonic upgrade as a key factor.

The Sonic upgrade, set to launch late 2024, promises to boost transaction speed from 30 to over 2,000 per second and slash storage needs by up to 90%, making node operation cheaper and more accessible.