The recent market rally is seeing big moves from many crypto assets. With more people entering the market, dynamics among major chains are changing, and new challengers are emerging. In this environment, Fantom faces increased competition from several sources. One of the biggest potential competitors is Toncoin, which is rapidly expanding due to its Telegram links. At the same time, the new DeFi hub Elluminex promises to boost Toncoin further.

The overall crypto market turned bullish after Donald Trump won the US presidential election, which caused many AI altcoins to gain significant demand and undergo a massive rally. The market will continue to thrive as the president vouches for cryptocurrencies and plans to reduce regulatory pressure.

As the crypto market rebounds, one of 2024’s top performers, Sui (SUI) has been more silent. Reacting to this, Altcoin Buzz has said that the altcoin is long overdue for another bull run, setting $6 as one of the first targets.

Big things are happening in the crypto world, with Donald Trump on the verge of ushering in a new golden age for digital assets. The 47th US President has raised expectations about a strategic national cryptocurrency reserve, which if created, would send shockwaves across the market and propel all majors, including Ethereum (ETH) and Ripple (XRP) to new heights.