Is It Too Late to Acquire Fantom? FTM Value Surges 10% Following $2 Million Investment in New AI Initiative

Fantom ($FTM) has surpassed all other Layer 1 tokens this week, experiencing a 10% increase amid a surge of recent activity on the network, with FTM trading at $0.80 at the time of this report.

The two largest cryptocurrencies, which are also Layer 1 tokens, were unable to maintain the same momentum over the past week.

Bitcoin ($BTC) rose by 5% during the week, trading at $66,234, while Ethereum (ETH) has remained relatively stable at approximately $3,020.

The primary factor driving investor interest in Fantom at this moment is the anticipation surrounding the network’s upcoming Sonic upgrade. This upgrade is expected to enhance the network’s transaction capacity from the current range of 1.5 to 2.5 transactions per second to 2,000 tps.

Fantom has stated that the network will undergo the upgrade once the new software is implemented on two-thirds of the validator nodes. Currently, 25 out of 60 nodes have transitioned to Sonic.

Over the past three months, Fantom’s chart indicates a significant decline since mid-March, coinciding with Bitcoin’s drop from a recent all-time high established during that period.

In the last month, FTM has been trading within a narrow price range of $0.60 to $0.80, suggesting that today’s price might signal the beginning of a breakout.

This is supported by a stable Relative Strength Index (RSI) of 54.

As the weekend approaches, it will be crucial to observe how the price behaves over this period for insights into the upcoming week.

Diversify Fantom and Layer 1 Holdings With Meme Coin Trading Bot Companion WienerAI

Investing in a Layer 1 token essentially involves placing a bet on a network and all the projects built upon it.

Investors who understand the technical capabilities of Fantom or Ethereum tend to have greater confidence in these blockchains as reliable platforms for DeFi applications, compared to those who invest without such insights.

Both Fantom and Ethereum are designed for scalability and are continually optimizing their performance.

However, Layer 1 tokens may experience more muted rallies, as they represent an investment in entire ecosystems rather than individual projects.

This is why it is advisable to diversify holdings in Fantom and other Layer 1 tokens with tokens that support specific applications developed on a blockchain.

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The smart contract of WienerAI has been audited by the blockchain security platform Coinsult.

Approximately 20% of the $WAI supply is allocated for staking.

WienerAI’s website allows buyers to stake during the presale to benefit from the attractive yield, which currently stands at 485% APY.

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