Coin Bureau, one of the popular analysts of the market, has been described as the Ethereum killer Solana (LEFT) or Polkadot (DOT) instead, he said that he expects Phantom (FTM), which is again seen as an ETH killer, to catch a very serious increase in a rally that will take place.
The Phantom Will Increase by 3 Times!
shown as a competitor to ETH in 2021 Cardano, Solana, Polkadot and Avalanche many crypto-currencies, such as, have reached new levels of ATH. However, according to the Coin Bureau, the Phantom is a cryptocurrency that most people overlook, and it will experience a very large increase by the end of the year.
According to the analyst, there are some factors that will lead FTM to increase, including the listing of FTM on Coinbase, the return of Andre Cronje from Yearn Finance to the project as the core developer, and the $1 billion ecosystem growth fund.
In addition to these october FTM, it started the year at $0.016 and rose as high as $3.48 in October. Therefore, FTM has already experienced a significant increase in the year. However, according to the analyst, this increase will continue.
Why Is It Waiting for an Increase?
According to the analyst, FTM has the potential to experience a 3-fold increase in a bull run that will be experienced. Because, according to the analyst, the Phantom is superior to Ethereum, at least in terms of technology.
Also Phantom, it is capable of performing 20,000 transactions per second, which is considered another plus against ETH. On the other hand, Phantom is also home to a number of top Ethereum DeFi protocols, including Curve Finance, Cream Finance and Yearn Finance, which have a total value of about $5.5 billion.