A mid-cap cryptocurrency, Fasttoken (FTN), is making waves. Crypto analytics firm Santiment reported a massive 600% jump in “whale transactions” – those worth over $100,000 – this week. This puts FTN at the top of their list of altcoins showing the biggest weekly increase in large transactions.
What’s Fasttoken?
FTN is the native token of the Bahamut blockchain. Bahamut uses a unique system called Proof of Stake and Activity (PoSA) to validate transactions. Unlike traditional Proof-of-Stake systems, which prioritize larger stakeholders, PoSA rewards nodes that actively contribute to the network by deploying and maintaining applications that users interact with. This means it’s not just about how much cryptocurrency you hold; it’s about how much you contribute to the ecosystem.
The Numbers
Fasttoken currently holds a market cap of $1.691 billion, ranking 66th among cryptocurrencies. At the time of writing, one FTN is worth $3.94.
Disclaimer
Remember, this information is for general knowledge only and isn’t financial advice. Always do your own research before investing in any cryptocurrency. Investing in crypto is risky, and you could lose money.
