Fantom Surges as Investors Seach for Next Layer 1 Bet

Posted on by American Coins & Gold

Fantom Surges as Investors Seach for Next Layer 1 Bet
Tokens of layer 1 blockchain Fantom (FTM) were among the few positive gainers in large-cap cryptocurrencies on Wednesday amid a slide in the broader market.FTM prices have advanced 9% in the past 24 hours even as bitcoin, ether and others declined as much as 7%, data from analytics tool Messari showed. The Fantom tokens bounced from the $2 level on Tuesday morning to gain 30 cents on Wednesday.Layer 1 blockchains refer to individual blockchain platforms such as Ethereum or Avalanche. Layer 2 networks are built on top of one of the layer 1 blockchains.Prices are up nearly 77% in the…