Fantom is a decentralized, scalable network and secure open-source platform that provides smart contracts that maintain performance quality. Its design overcomes the hindrances in blockchain platforms of earlier generations. Fantom’s revolutionary consensus mechanism, called Lachesis, allows it to work instantly and economically compared to previous technologies.
This article assesses the fundamentals and price of the Fantom network, anticipates its future price while mentioning market price predictions of the coin and an easy guide to buy the Fantom.
Fantom (FTM) Fundamental analysis
Nowadays, most cryptocurrencies and secure participants focus more on decentralization and security and less on speed and fast confirmation for payments and trading in everyday life. Fantom copes up with the dilemma at its foundations through its quick consensus mechanism, that is Lachesis. Lachesis enables digital assets to govern at remarkable speed and transmit spectacular modifications across the present systems. But unlike other networks, Fantom does not compromise on security and decentralization for attaining speed.
The advancements in Fantom are not only regarding performance but its modular designs also allow complete customization for blockchains of digital assets, with numerous characteristics conformed with their use-case. Fantom also provides incredibly high degrees of security through a decentralized Proof-of-Stake protocol. Lachesis’s ABFT consensus model can climb too many nodes globally in an open environment with no need for permission and centralization. However, it does not use Delegated Proof of Stake nor uses Masternodes.
How Fantom Works
Fantom network is modular, and its modulation makes it extraordinarily flexible. Lachesis depicts one layer consensus of the blockchain technology stack that can be drilled into any distributed ledger. This empowers Fantom’s Opera mainnet deployment compatible with the Ethereum Virtual Machine. Developers can shift their standing Ethereum-based dApps on Fantom Opera mainnet in a few minutes with low costs and high performance.
Fantom is scalable, and all the networks built on Fantom are independent of each other, and their performance and stability are independent of traffic or congestion. The first generation of blockchain platforms unlocked the smart contracts technology and conditional logic instructions that authorize the enactment of applications on the blockchain. But with the increase in the number of users, the network slows down.
This happens because all the dApps use the same infrastructure. Fantom has figured out the scalability issue by comparing each running application on different computers part of the same network. Each blockchain is autonomous of one another. However, being all plugged into Lachesis, all the blockchains can interact with each other speedily and securely. In short, Fantom is a network of networks.
Fantom is secure and environmentally friendly, unlike Proof-of-Stake. Unlike Proof-of-Work, Proof-of-Stake avoids centralization and saves electricity.
Lachesis can provide institutional-grade security to distributed networks. Fantom offers absolute finality, which means that you can never revert transactions like in networks with probabilistic finality.
The consensus mechanism can also scale to hundreds of nodes, increasing decentralization and, therefore, security. Lachesis has no leaders, so security does not rely on a small set of actors.
Fantom is an open-source network, and its team is committed to creating building blocks for everyone to use and customize according to needs. They aim for high transparency in work. Anyone can run a node on it, and Fantom’s Opera Chain has a practically unlimited number of validator nodes that can contribute to securing the network. Even if you have lower token amounts, you can still secure the network.
Participants can take part in staking to earn rewards of FTM tokens along with securing a network. You can also access your wallet through a computer or mobile or create a new wallet. You can deposit your FTM and transfer them from an exchange to your Opera address. Along with this, you can select a validator and stake as you go for a 4% APY or lock up your FTM from a minimum of two weeks to a year to yield higher staking rewards. Fantom is not like other platforms because you do not have to decide between stake or using DeFi. You can also use both.
Liquid Staking can unlock the value of your staked FTM. You have to mint staked FTM in a 1 to 1 ratio and use it as collateral in Fantom Finance. While stamping and repaying staked FTM, you don’t have to pay any fee.
Fantom Future Plans
Fantom is based on Lachesis and creates the whole blockchain technology stack and ecosystem. They are assembling a more connected and adequate infrastructure to benefit people with technological breakthroughs for improving their life quality. They will also be a part of the digital revolution that will ultimately permeate all facets of lives, from payments and a digital economy to digital identity to develop a global scale internet of digital assets.
Fantom (FTM) Price Analysis
The Fantom coin charts show that the price was about $0.016 at the start of 2021 and went from $0.8 in February to $0.95 in May but then dropped to $0.26. The coin value went down further at $0.15 in July and climbed back to $1.93 in September.
It knocked back to $0.95 at the end of September but rebounded to a new all-time high of $3.48 at the end of October. At the time of writing, the coin is trading at $2.50, giving it a market capitalization of $6.3 billion and ranked at #29 in the crypto market rankings.
The three-month price change is nearly 73%, and the price surged from an average price of $0.36 to a maximum average price of $0.43 in the meantime. However, Since September 2021, Fantom has exhibited a heightening trend. According to the latest data collected, the trading volume of Fantom has also been increasing for four months. The trading volume plays a vital role in its price.
Fantom (FTM) Market Price Predictions
Experts predict that the price of FTM can increase in the coming years. Here is what some of them predict:
Walletinvestor.com has predicted future values of Fantom through their technical analysis for numerous digital coins.
They hope that through a 5-year investment, the revenue would be around +718.03%. So your current $100 investment may be equal to $818.03 in 2026.
Digital Coin Price
The Fantom price prediction from DigitalCoin forecasts the average coin price to be $4.33 by 2025, higher than the average in 2022. By 2028, it predicts the cost could average $6.34.
They anticipate the long-term FTM price prediction from Price Prediction sees the coin possibly reaching the average price of Fantom (FTM) up to $1.36 by the end of this year. They have estimated the five-year plan for the coin that expects it to reach the $6.28 mark effortlessly. Fantom has an excellent potential to climb new heights in terms of price and increase value. According to their particular experts and business analysts, Fantom can hit the highest price of $53.19 by 2030.
Crypto Academy Fantom (FTM) Price Prediction
These predictions are based on analysis of past price records and trends of Fantom, so investors should only consider it as a tentative idea of its future and not as investment advice because no one can accurately predict the future.
Fantom (FTM) Price Prediction 2022
By observing the uptrends of Fantom this year, we hope that the price of Fantom can reach a minor level of $2 in 2022. The Fantom price can hit a maximum of $4 with an average of 3$ throughout 2022. The trend would be bullish.
Fantom (FTM) Price Prediction 2023
According to our price forecast and analysis, we predict a minimum level of $4.5 price of Fantom in 2023, as there are no visible risks regarding the crypto markets. However, the Fantom price can reach a maximum of $6.3 with an average trading price of $5.
Fantom (FTM) Price Prediction 2024
We expect that the team would have worked more on collaboration with other organizations’ till 2024 and hence the price of an FTM to reach a minimum of $5 in 2024. The FTM price may also get a maximum of $9 with an average of $7 throughout 2024.
Fantom (FTM) Price Prediction 2025
If Fantom manages to cope with the changes and advancement in technology of other similar cryptocurrencies, we forecast the Fantom price to reach the lowest possible $8 in 2025. Our findings predict the FTM possibly going to a maximum possible level of $15 with the average forecast price of $12.
Fantom (FTM) Price Prediction 2026
Through our profound analysis of the past price and activity of FTM, we predict that FTM can continue to grow and could be comparatively very stable till 2026. So, the cost of Fantom can be around a minimum value of $14. The Fantom price value can hit a maximum of $20 with an average trading value of $16.
How to buy a Fantom coin?
Fantom is among the cryptocurrencies that are more challenging to acquire. We have gone through the steps to help you find a way to buy Fantom.
Step 1: Select an Exchanging Pair for FTM
You have to tap on the ‘Market’ button close to the price chart on CoinMarketCap. A complete list of venues that sell Fantom will appear, along with the convertible currencies with Fantom under “Pairs.” You should purchase FTM through the U.S. Dollar, so look for the pair FTM/USD.
Step 2: Select a Platform to buy Fantom.
Different platforms have varying security, reliability, and liquidity. So do proper research and create an account. Commonly used decentralized exchanges like Uniswap or Sushiswap offer the purchase of Fantom to users.
Step 3: Make a Purchase
It is easier to buy Fantom with USD as you have to select the pair and amount you want to trade on the platform and press the trade button. Suppose If you have to buy Fantom with another crypto. In that case, you first need to generate a crypto wallet that supports Fantom and then exchange it with fiat currency and use the fiat currency to buy Fantom on your selected platform.
Most platforms provide guidelines, and tutorials are usually present on the internet for every forum.
Frequently asked questions (FAQs)
Where can I buy FTM?
You can buy FTM on Binance, Gemini, Bitfinex, Sushiswap, Uniswap, FTX, Crypto.com, Voyager, 1inch, Transak, Icrypex, AscendEx, KuCoin, OKEx, CoinOne, Beaxy, WazirX, Delta Exchange, CoinSpot, Bitcoin Meester, ChangeNow according to the official list of Fantom.
Is the FTM Coin a Good Investment?
FTM is a good investment based on historical price movements and predictions on forecasting sites. However, you should always be aware of past price performance as there is no guarantee of future returns.
Will FTM reach $10?
Yes, Fantom is likely to reach $10 in the next five years. However, if it works more on its technology, it might get the goal earlier.
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- Fantom is a decentralized, scalable network and secure open-source platform.
- Fantom provides smart contracts maintaining the quality of performance.
- Fantom is based on Lachesis and creates the whole blockchain technology stack and ecosystem.
- Fantom also provides incredibly high degrees of security through a decentralized Proof-of-Stake protocol.
- The average price of Fantom can be $2.5 throughout 2022.
- The average trading value of Fantom might be $9 by 2026.
- FTM is a good investment and will likely reach $10 in 2030.
- You can directly buy it in U.S. Dollars.