Bitcoin

Fantom token is still on track to surpass $4 when price overcomes resistance

Fantom blockchain is a Layer-1 project with smart contract functionalities The native token FTM passed key resistance at $0. 34 FTM could reach $0. 43 next as bullish momentum develop Fantom USD recent recoveries highlight the trust in Layer-1 solutions. Bitcoin and Ethereum, two of the most popular blockchains, have been criticised for slow and…

Fantom blockchain is a Layer-1 project with smart contract functionalities
The native token FTM passed key resistance at $0. 34
FTM could reach $0. 43 next as bullish momentum develop

Fantom USD recent recoveries highlight the trust in Layer-1 solutions. Bitcoin and Ethereum, two of the most popular blockchains, have been criticised for slow and expensive transactions. Because of their scaleability and low gas costs, Layer-1 alternatives were very popular last year. Fantom is widely regarded as a Layer-1 smart contracts platform that can compete for the top spots.

Ranked at position 53 by market cap, Fantom is already punching below its knees. This was following a decline due to cracks in its ecosystem and a bear market. Fantom is now thriving. The gains in the last week have been around 9%. The gains will likely accelerate in the coming week as Fantom broke past key resistance at $0.34. The current price of the token is $0. 37 in bullish momentum and will likely reach $0. 43 next.

FTM rises above resistance-turned support

Source – TradingView

FTM has determined $0. 34 as the reference support. After the token had blasted beyond the resistance level, it was that. Bullish momentum has been confirmed by the MACD line crossing above the moving average.

FTM will continue rising, with the next resistance now set at $0.43. If the level is broken, the next resistance to watch is $0.66. This will be determined by the current crypto sentiment.

Concluding thoughts

Although FTM remains a shadow of its 2021 highs, it is recovering. It eyes higher levels after breaking past $0.34. The token can be bought by investors in the long-term, according to our opinion. Short-term traders can buy the token at $0. 43 is the next level to take profits.

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Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…

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USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.