Fantom reaches

Fantom reaches a new all-time high of $2.48 in an ongoing price rally

Fantom reaches a new all-time high of $2.48 in a price rally started weeks ago. As the race to secure a place in the multi-chain future intensifies, Fantom is gearing up to achieve and make new goals and records.

Fantom reaches a new all-time high:

On Tuesday morning, the multi-week price rally of 1-layer network, Fantom, has helped to reach a new all-time high. Fantom reaches a new all-time high of $2.48 which will help it to secure its position in the multi-chain future. The reason behind this bull run is still unknown. This price race could have been promoted by the launch of a new cross-chain bridge. This new cross-chain bridge will provide a lot of new experiences.

Fantom reaches a new
Price chart of FTM/USD
Source: CoinGecko

Decentralized exchange on the Fantom, SpiritSwap, has launched a new multi-chain bridge by which users will be able to move assets between, Binance Smart chain (BSC), Fanotm, Polygon, and Ethereum. While the list of available assets varies depending on the network pairing, the bridge supports major stablecoins such as DAI, USDT, and USDC as well as ETH, MATIC, BNB, and many more.

SpiritSwap’s multi-chain bridge will make it easier to move assets onto Fantom, encouraging users to take advantage of new yield farming opportunities on the network. Over the past month, several highly-anticipated launches on Fantom have fueled its meteoric rally. The network’s FTM token has climbed over 82% in the last 30 days, with the expansion of DeFi on the network playing a major role.

However, with Bitcoin currently dominating the market, other Layer 1 tokens are slowly bleeding the gains they put in throughout August and September. Fantom has bucked this trend, breaking out higher and putting in new all-time highs.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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