Presently, first-generation blockchain technologies encounter the blockchain trilemma of either scalability, security, or decentralization. There has always been a tradeoff between the mentioned factors. Mindful of the concern, Fantom makes an appearance into the market to get around and resolve the problem of blockchain trilemma.
Fantom is a scalable, secure, and decentralized blockchain-powered platform. It brings forth the solution to the blockchain trilemma through its cutting-edge Asynchronous Byzantine Fault Tolerance (aBFT) based consensus mechanism model, Lachesis.
Lachesis has made it possible to get hold of scalability, security, and decentralization. As far as the scalability is concerned, with the increase of user load, the existing blockchain ecosystems are at risk of break-down due to their shared network architecture. Fantom stays unaffected as the network scales and expands due to its independent network architecture and easy communication between networks via the Lachesis model. Fantom employs the Proof of Stake (PoS) protocol based on the “leaderless” concept for security. With it, security does not remain at the stake of a group of individuals. Fantom can expand to many nodes, thus, providing decentralization to a great extent.
Moreover, Fantom offers an Opera mainnet environment for developers to deploy their Decentralized Applications (dApps) on it. The environment is compatible with the Ethereum Virtual Machine (EVM). Therefore, the Ethereum-based dApps are easily portable from Ethereum to Fantom.
Fantom has its native cryptocurrency, known as FTM. To earn rewards with FTM, investors have to delegate a minimum of one FTM to a trusted validator. The rewards will increase with the period of staking. All in all, Fantom provides investors with easy and instant transactions for minimal cost.
Fantom (FTM) Market Price Prediction
The market price indicator provides a holistic view of the investment feasibility of a particular cryptocurrency that assists investors in making investment decisions. However, it in no way guarantees success. Expert AI-powered tools predict upcoming market prices of a cryptocurrency based on past price trends.
A significant fraction of those expert analyses and predictions from internationally acclaimed online sources for the prospective market price of Fantom are listed below.
Wallet Investor suggests an optimistic growth of FTM’s price in the future. According to the websites’ AI cryptocurrency analyst, the price of FTM can go up to $3.518 from its current value in one year. It expects FTM to reach a maximum price level of $5.006 in the middle of June 2023, with the investment revenue potential expected to be around +147.9%.
According to Price Prediction, FTM shows bullish trends and will likely increase in value in the near future. By the end of 2024, the FTM price can arrive at a maximum price level of $4.93. Before the middle of the year 2025, in April, it will hit the maximum price of $5.17.
Digital Coin forecasts show a gradual increase in FTM’s price over the years. According to it, the price of FTM is likely to stay at $4 throughout the years 2024 and 2025. It will reach the new height of $5 by the year 2026.
Will Fantom Reach $5?
As the analysis and forecast of sources signify future growth in FTM’s price, we can safely say that Fantom can reach $5 in the upcoming years, but right now, it is too early to judge when exactly it can reach this price. As per the estimates, Fantom has yet a long way to go. It will likely be worth $5 in around 2-3 years from now.
- Fantom is a scalable, secure, and decentralized blockchain platform.
- It overcomes the blockchain trilemma through its cutting-edge aBFT consensus mechanism protocol, Lachesis.
- Fantom has its native cryptocurrency, known as FTM. The investors can delegate a minimum of one FTM coin to earn rewards.
- As per our estimates, Fantom may likely be worth $5 in around 2-3 years from now.