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According to Beosin, a blockchain security company, GNUS.AI (GNUS), a project in the Fantom ecosystem, recently suffered a major security vulnerability, resulting in a loss of about $1.27 million by the end of the first week of May 2024.
As a result, Fantom rose by 15.94% in the first week of June, from $0.69 to $0.80. Experts predict that Fantom will continue to maintain this bullish trend, reaching a value of $1.59 by the third quarter of 2024. This will represent a 98.75% increase from the current price of $0.80 for FTM.
Fantom seems to outperform Optimism, positioning FTM as the peak of the 2024 cryptocurrency bull market.