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Nearly every non-stable coin token among the top 100 cryptos has seen substantial sell-offs over the past day, but FTM has been one of the biggest losers.
In addition to the large sell-off momentum affecting the crypto market, Fantom’s cryptocurrency is losing ground because of the exploitation of a decentralised finance (DeFi) application that runs on its blockchain.
With many economic and geopolitical risk factors making markets jittery, many investors have been selling out of their Fantom tokens and otherwise taking money off the table.
In crypto, new projects are always coming up to change the game and disrupt the status quo. Rate That Crypto (RTC) is one of those projects. In fact, Fantom (FTM) holders are selling their assets to buy Rate That Crypto (RTC) during the presale stage.
Fantom (FTM)
Fantom is a secure and scalable smart contract platform to develop decentralised finance (DeFi) applications. It’s designed to overcome the transaction speed limitations affecting older blockchain platforms running smart contracts.
Launched in 2018, the Fantom Foundation leads the open-source platform’s development. Ahn Byung Ik, a South Korean computer scientist, founded the platform.
Fantom uses Lachesis – a new consensus mechanism to facilitate smart contracts. It is an Asynchronous Byzantine Fault Tolerance (aBFT) consensus protocol.
The company claims the protocol is faster and cheaper than older technologies while maintaining high-security standards. In addition, it is the consensus layer of the blockchain and can be connected to any distributed ledger.
Over the last few months, the support from the Fantom (FTM) community has been flagging, as many holders are looking to switch their holdings to those with more potential as the bear market intensifies.
Rate That Crypto
Rate That Crypto is a P2E gaming project that allows users to place a simple bullish or bearish prediction against their favourite cryptos over a specified timeframe. The aim is for the players to rank among the top 100 on the leaderboard to earn RTC tokens and NFTs.
In addition to gaming, Rate That Crypto was designed to be educational, helping users to discover and learn about various crypto projects, including DeFi, Metaverse, NFTs, Play & Earn, and more.
Rate That Crypto exposes users to the fluctuations and volatility of the crypto market in a fun way using live data without risking their money.
The company plans to harness the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and offers a place for its users to keep up to date with the latest news and innovations and discover new projects across various sectors.
Rate That Crypto has announced the launch of its highly anticipated RTC token presale. Presenting an excellent opportunity for investors to get in early.
After the presale stage, Rate That Crypto will be listed on major exchanges, adding legitimacy to the project. Many crypto experts predict that Rate That Crypto has what it takes to explode and bring considerable gains to early investors.
>>> Buy Rate That Crypto Now <<<
For the latest news on Rate That Crypto check out the RTC Discord Server and join the telegram group.
For more information on Rate That Crypto visit the links below:
Presale Website: www.ratethatcrypto.com
Linktree: https://linktr.ee/ratethatcrypto
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
Source: https://en.cryptonomist.ch/2022/12/19/fantom-experiences-massive-sell-off/