{"id":870,"date":"2022-01-05T09:10:42","date_gmt":"2022-01-05T09:10:42","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=870"},"modified":"2022-01-05T09:10:42","modified_gmt":"2022-01-05T09:10:42","slug":"fantom-near-ride-layer-1-boom-into-2022","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=870","title":{"rendered":"Fantom, NEAR Ride Layer 1 Boom Into 2022"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h3>Key Takeaways<\/h3>\n<p>Fantom and NEAR are soaring amid high demand for Layer 1 coins.<br \/>\nThe recent rise follows the SOLUNAVAX trend that dominated the second half of 2021.<br \/>\nAn upcoming Fantom project involving Andre Cronje and Daniele Sestagalli may explain FTM&#8217;s recent rally. <\/p>\n<p>Share this article<\/p>\n<p>Fantom and NEAR are two of the latest Layer 1 coins to rally.\u00a0<\/p>\n<h2>Crypto Layer 1 Boom Continues\u00a0<\/h2>\n<p>Layer 1 hype isn\u2019t dead yet.\u00a0<\/p>\n<p>Several smart contract blockchains have seen their native tokens rally this week despite a decline among major assets like Bitcoin and Ethereum. Two of the latest winners are Fantom and NEAR Protocol.\u00a0<\/p>\n<p>FTM has jumped 15.5% in the last 24 hours, currently trading at $2.88. NEAR, meanwhile, is up 16.1%, trading at $16.91. The rise comes amid a bullish spell for both assets: FTM is up 109.3% in the last 14 days, while NEAR has gained 97.7% in the same period. Other Layer 1 assets like Oasis Network, Celo, and Harmony have also risen, though their gains have been less significant.\u00a0<\/p>\n<p>Interestingly, the popular DeFi builders Andre Cronje and Daniele Sestagalli have been teasing plans for a new Fantom-based product on Twitter over the last few days, which may have contributed to Fantom\u2019s sudden jolt. \u201cWhat\u2019s frog nation\u2019s multisig address on Fantom? Asking for a friend\u2026\u201d Cronje wrote Monday. The Yearn.Finance founder had previously confirmed that he was planning to \u201cdeploy a new experiment\u201d on Fantom in January. Following Cronje\u2019s tweet, Sestagalli warned his followers that \u201cFTM season is coming.\u201d Crypto enthusiasts often refer to \u201cseasons\u201d due to the speed at which the space moves: late 2021 saw a so-called NFT season, a dog coin season, and a Metaverse season in the space of a few months as traders rotated between different niches in the crypto ecosystem.\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">Soon you will witness how the Frog Nation ecosystem works in tandem . Blows my mind how fast we can organise the perfect launch. \ud83e\udea8\ud83d\udcc4\u2702\ufe0fwhat will you choose? $FTM season is coming DYOR accordingly.<\/p>\n<p>\u2014 Daniele \ud83d\udc38\u270a (@danielesesta) January 3, 2022<\/p>\n<p>The \u201cFrog Nation,\u201d meanwhile, refers to a community that has formed around Sestagalli\u2019s Abracadabra.Money, Wonderland Money, and Popsicle Finance, three innovative projects that place emphasis on preserving decentralization in DeFi. Many have categorized this new suite of products under a new movement called \u201cDeFi 2.0\u201d alongside the likes of Tokemak and Olympus DAO.\u00a0<\/p>\n<p>Following the latest rise, Fantom has a market cap of $7.3 billion, while NEAR\u2019s is around $10.1 billion. Although both networks have seen substantial growth over the last year, they were overshadowed by Solana, Terra, and Avalanche\u2014three Layer 1 networks that have exploded in recent months thanks to rapid growth in their respective DeFi ecosystems. While Ethereum was weighed down by its expensive gas fees throughout 2021, many market participants turned their attention to the so-called \u201cSOLUNAVAX\u201d narrative, a reference to SOL, LUNA, and AVAX. Solana was the first of the three to enjoy its own \u201cseason\u201d as it went parabolic, followed by Avalanche, and finally Terra.\u00a0<\/p>\n<p>While the market looked shaky throughout much of December, 2022 has kicked off with several lower cap coins outperforming major assets. Following a weak end to 2021, both Bitcoin and Ethereum have both seen a slight tumble in the last 24 hours, pushing Solana, Terra, and Avalanche further into the red. However, based on the recent performance of Fantom and NEAR, it looks like many traders are making yet another Layer 1 rotation.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this feature owned ETH, FTM, and several other cryptocurrencies. Andre Cronje is an equity holder in Crypto Briefing.\u00a0<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">Terra Touches $100 Following Solana and Avalanche Rally<\/h3>\n<p>\nAmid ongoing hype for Layer 1 blockchains, Terra\u2019s LUNA has hit $100 for the first time. The asset\u2019s price action follows a similar trajectory to Solana and Avalanche, which have&#8230; <\/p>\n<h3 class=\"title\">Layer 1 Coins Lead Market Rally After Fed Meeting<\/h3>\n<p>\nAvalanche, Fantom, Kadena, Terra, and other Layer 1 coins have posted double-digit gains today.\u00a0 Layer 1 Projects Rally on Fed Meeting\u00a0 Layer 1 projects are leading the market again.\u00a0 According&#8230; <\/p>\n<h3 class=\"title\">What is a Crypto Airdrop: Why Projects Airdrop Crypto<\/h3>\n<p>\nCrypto airdrops occur when new\u00a0tokens\u00a0are freely distributed to different\u00a0wallets\u00a0in order to drive initial growth and build a community. They represent a popular marketing tactic that new projects use to spread&#8230; <\/p>\n<h3 class=\"title\">Avalanche Jumps 13.5% on USDC Integration<\/h3>\n<p>\nAVAX has benefited from the recent USDC integration on Avalanche.\u00a0 Avalanche Rises as USDC Launches on Network\u00a0 While the market has looked shaky throughout December, Avalanche is defying the trend.\u00a0&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/fantom-near-ride-layer-1-boom-into-2022\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Fantom and NEAR are soaring amid high demand for Layer 1 coins. The recent rise follows the SOLUNAVAX trend that dominated the second half of 2021. An upcoming Fantom project involving Andre Cronje and Daniele Sestagalli may explain FTM&#8217;s recent rally. Share this article Fantom and NEAR are two of the latest Layer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=870"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/870\/revisions"}],"predecessor-version":[{"id":872,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/870\/revisions\/872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/871"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}