Fantom Surges by 14% Without Clear Reason

The price of Fantom’s (FTM) token unexpectedly surged by 14%. The reason for the surge remains unclear.

Fantom under a magnifying glass behind a digital screen.

Erratum: A section of this article was updated to remove a factual error, which was corrected at 09:51 UTC time. A paragraph in the article stated that Fantom saw a daily gain of $7.5. The token was actually up 7.5%. The article has been amended and updated.

  • Fantom saw a surprising 14% increase in price without a clear reason. 
  • Last week, Fantom’s CEO talked to a Formula 1 driver about Fantom NFTs. 
  • The platform’s high performance made it attractive for NFT devs. 

Fantom, a high-performance blockchain platform, experienced an unexpected surge on Wednesday. The Fantom token increased by as much as 14% to a high of $0.466. 


The token has since settled at $0.45, registering a daily gain of 7.5%. Even at that level, Fantom outperformed most major altcoins, including Cardano, XRP, and LINK.

The reason behind the surge is not clear. The most recent news about Fantom is its CEO’s attendance at Paris Blockchain Week. 

There, Fantom CEO talked to Formula 1 driver Pierre Gastly, who recently launched his own NFT collection – on Fantom. 

Fantom and NFTs

Fantom’s blockchain provides instant and affordable transactions for dApp developers. The platform uses a Directed Acyclic Graph (DAG) consensus algorithm, which enables high performance.  Fantom is also highly interoperable with other blockchains, allowing for the easy exchange of assets between different platforms. 


These features have made the blockchain network an interesting choice for NFT users. With Fantom, developers can create NFTs with lower gas fees and faster transaction times than other platforms. Additionally, Fantom’s interoperability with other blockchains allows for the easy exchange of NFTs between different platforms.

On the Flipside

  • Fantom’s sudden surge could also indicate low liquidity in the crypto space. 
  • Tokens with relatively low trading volume can experience relatively high volatility. 

Why You Should Care

Fantom’s unexpected surge highlights the volatility of the cryptocurrency market and the potential for sudden price increases or decreases.

Read more about Paris Blockchain Week

Paris Blockchain Week Sees Tech and Culture Meet in Web3

Web2.5 and Web3 Visions Square off at Paris Blockchain Week

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.