Frontier (FRONT) is one of the top gainers on Binance amidst a strong bullish rally. The cryptocurrency had stayed near-stagnant during the month; however, the bulls picked up for it during the past week. At the time of writing, the cryptocurrency stands at a price level of $0.74. The cryptocurrency has surged upwards by 73% during the day. Holders are suggesting and hoping that the price will soon cross $1 as the bullish wave is strong. Moreover, there is also high activity on the network as the daily trading volume has increased by more than 2,000%. Frontier token is standing at a market rank of #486.
What is Frontier (FRONT)?
Frontier is one of the most -sought after wallet for Defi, NFT and cryptocurrency spheres. The project is focused towards providing non-custodial wallets that offer high level of security and efficiency for the crypto market. Moreover, it also focuses on solving the problem of fragmentation in the market by combining DeFi solution and applications under its umbrella. Through the platform, users are able to stake, borrow, lend, swap and provide liquidity under one window.
Should you invest in FRONT?
The network has undergone some major developments which could be contributing towards the current bullish trajectory and also give it a bullish future outlook. Frontier recently announced a partnership with Pontoon Network which is a cross-chain liquidity protocol working towards solving the problem of low liquidity in the cryptocurrency market. The partnership will enable the network to integrate Pontoon into its application – effectively increasing its userbase. Moreover, the network will also allow users to stake Pontoon crypto.
Moreover, Frontier also announced a partnership with one of the most up and coming defi protocols, Alpaca Finance. The partnership will also expand the scope of the network. BNB is one of the first coins to be enabled on the platform after the partnership.
The recent developments in light of the current price trajectory gives the cryptocurrency a favorable future outlook – making it a good bet in the market. Moreover, the long-term future outlook is also bullish for the token. Various estimates place the token at a much higher price level for the future. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price level of $0.92 while the five-year projection places it at $1.62.
