Fantom Hits New All-Time High, Getting Closer To $3

The price of the Fantom blockchain's native token FTM reached a new all-time high of $2.90. In the last 7 days, the price went up by over 33%.

At the moment, Fantom is the 29th largest cryptocurrency with a market cap of over $7.3 billion. Per data from DeFi Llama, the total value locked in the Fantom protocol stands at over $4.9 billion. The number of projects based on Fantom has been increasing. On Oct. 23, the first Fantom-based NFTs were launched.

Less than one hour left to bid on the 3 unique @PierreGASLY NFTs!

These NFTs are redeemable for:

🔹 a race-worn helmet and meet and greet with Pierre

🔹 a promotion helmet and meet and greet with Pierre

🔹 a VIP experience and mini helmethttps://t.co/2Fq6F6NVfC

— Fantom Foundation (@FantomFDN) October 23, 2021

The global crypto market cap currently stands at around $2.4 trillion, with Bitcoin's dominance index of 49.5%. BTC trades at about $63.020 and Ether at $4.140.

Most altcoins increased in price. Among the biggest gainers of the week are Terra (LUNA), Chainlink (LINK), and Solana (SOL).

LUNA's price increased by over 20%, reaching $42.9, LINK gained $43.9% and trades at $31.8 and SOL's price is $208, 33% more from the previous week.