Altcoins Surge: Fantom (FTM) and Harmony (One) Hit New ATH

by in Cryptocurrency News

altcoins Fantom Harmony

The crypto market continues seeing gains. While Bitcoin went up by around 15% in the last 7 days, reaching its 4-month high, altcoins surge too.

Related: Over 20 Crypto Firms Leave China: China Securities Journal

Native tokens of blockchain platforms Fantom and Harmony reached new all-time highs, $2.45 and $0.2473 respectively. The number of projects built on both of them has been rising.

FTM, the native token of the smart contract platform Fantom, went up by over 55% this week, reaching $2.45 on October 8. The token is the 35th largest crypto asset, with a market cap of over $5.5 billion. FTM started to surge in the last months after the release of a bridge to the Ethereum protocol.

According to data from DeFi Llama, the Fantom blockchain ranks 5th in terms of the total value locked, which stands over $5.4 bln, up 234% in the last 7 days.

As for the Harmony blockchain, TVL locked in it stands at over $189.8 million, more than 35% up from the last week.

Harmony's native token ONE had a price increase of over 31% in the last 7 days reaching a new high of 0.2473 on October 9. Its market cap stands at over $2.2 bln, bringing it to 57th place. This week, TVL locked in DeFi projects surpassed $200 M for the first time in history.