In the crypto currency market, the movements of major investors can give important clues about the future of Altcoin projects. This week, Fasttoken (FTN), a medium-sized Layer-1 Altcoin, attracted attention with a major increase in whale activities. Crypto analysis firm centimeted emphasized the increase of 600 %of FTN whale transactions, revealing this Altcoin’s rising popularity among investors. FTN, the local Token of Bahamut Blockchain, continues to consolidate its place in the sector by using a unique consensus mechanism.
Centimeter announced: ftn is on the agenda
Crypto Analysis Company Santimement, in his research this week, a medium-sized Layer-1 Altcoin Fasttoken (FTN) has made a remarkable development. The centimeter describes transactions with more than $ 100,000 as “whale transactions, and follows which subcoins are intensified. The company determines which Altcoins show the highest increase according to the weekly changes of such transactions. This week, FastoKen (FTN) was at the top of the Santimement’s list, with an enormous increase in the number of whales. FTN is the local token of the Bahamut Blockchain, which uses a unique consensus mechanism called “Proof of Stake and Activity” (Posa).
According to the WhtiePaper of the Bahamut Blockchain, POSA allows the determination of block verifiers based on the amount of stake and the interaction of the user with smart contracts. In this system, only faster or rich nodes are not given priority; The nodes that add value to the user, develop smart contracts and create applications are considered as priority. FTN is currently ranked 66th with a market value of $ 1,691 billion and is traded for $ 3.94 at the time of writing. Pointing out the increase in whale activities in the crypto currency market, Santimement emphasizes FTN among the highest rising crypto currencies this week.
In total, at the focus of 10 altcoin whales
Santimement also shared other crypto currencies listed according to the increase in whale activity this week. This ranking was shaped as follows:
- Fasttoken ($ ftn)
- OKB ($ OKB)
- DAOMERER (OPTIMISM) ($ DAI)
- WRAPPED Ethereum ($ Weth)
- Pancakeswap ($ Cake)
- DAOMERER (on Avalanche) ($ DAI)
- Ftx ($ ftt)
- USD Coin ($ USDC)
- Nexo ($ nexo)
- AIOZ Network ($ AIOZ)
