Home  >  Article  >  The total circulation of FTM coins and introduction to online exchanges

The total circulation of FTM coins and introduction to online exchanges

William Shakespeare
William ShakespeareOriginal
2024-09-27 06:17:32327browse

FTM coin is the native cryptocurrency of the Fantom blockchain platform, with a total circulation of 3.1 billion coins and 2.5 billion coins in circulation. The functions of FTM coins include paying transaction fees, staking to receive rewards, participating in governance voting and purchasing ecosystem products. FTM coins have been listed on mainstream exchanges such as Binance and Coinbase, and their value is affected by platform usage and the cryptocurrency market.

The total circulation of FTM coins and introduction to online exchanges

What currency is FTM Coin?

FTM Coin is the native cryptocurrency of the Fantom blockchain platform.

Total circulation of FTM coins

The total circulation of FTM coins is 3.1 billion, of which 2.5 billion have been circulated and the remaining 600 million are used as reserve funds.

Online exchanges

FTM currency has been listed on multiple mainstream exchanges, including:

  • Binance
  • Coinbase
  • Huobi Global
  • Gate.io
  • Kraken

Other information

FTM Coin Use for:

  • Pay trading fees
  • Stake to earn rewards
  • Participate in governance voting
  • Purchase products and services in the Fantom ecosystem

FTM Coin is an important part of the Fantom network and its value is affected by platform usage and overall cryptocurrency market conditions.

Current Price and Indicators

Fantom (FTM) is currently trading at $0.70 with a 24-hour trading volume of $285 million. The circulating supply is 2803634835.5 FTM and the market cap is $1.977 billion.

Latest Changes

Over the past 24 hours, FTM price has increased by around 9%, climbing from around $0.65 to current levels.

Factors for price movement

FTM price increase may be attributed to the following factors:

  • Overall optimism about the cryptocurrency market
  • The development of the Fantom ecosystem, including the growth of DeFi and NFT projects
  • FTM is used to pay for increased transaction and storage fees on the Fantom blockchain

Future Outlook

The short-term price trend for FTM is bullish, as both market trends and fundamentals support continued gains. However, due to the high volatility of the cryptocurrency market, price movements can reverse at any time.

What investors should do

Investors should carefully consider their investment objectives and risk tolerance when investing. FTM is a highly volatile asset that may be suitable for active investors, but it may also not be suitable for investors looking for stable returns.

Short Term Forecast

FTM prices are expected to continue rising in the short term, but the upside may be affected by market conditions. Investors should pay close attention to cryptocurrency market trends and developments in the FTM ecosystem to make informed investment decisions. : 1.977 billion US dollars

Circulation volume: 2803634835.5 FTM

The above is the detailed content of The total circulation of FTM coins and introduction to online exchanges. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn