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What Makes Fantom Crypto A Good Investment?

Fantom is one the quickest and most affordable blockchains to use, and adoption has exploded since 2021, especially in the decentralized finance (Defi) industry.

This post will explain why Fantom Crypto (FTM) is a good investment that any investor should consider.

What Is Fantom (FTM)?

FTM Fantom is a token powering an eponymous platform for dApp developers worldwide. Fantom Foundation, an entity managing Fantom as a product, was founded in 2018. 

Fantom strives to solve the blockchain trilemma — simultaneously achieving decentralization, scalability, and safety in a network without sacrificing any of them. 

To do that, Fantom uses Lachesis — mechanism or layer based on Asynchronous Byzantine Fault Tolerance (aBFT) consensus.

Lachesis, and this consensus, in particular, build on classic BFT and Nakamoto consensus, but the asynchronous nature of this variation suggests faster block times and lower energy usage than the prior versions. 

Thus, aBFT fix the scalability issue. The network is connected using Leaderless Proof-of-Stake, which emphasizes decentralization.

Fantom is modular and allows independent building networks to deploy every dApp on Opera (Fantom’s mainnet). This includes scalability since different projects are unaffected by possible issues. On the other hand, those networks use the same infrastructure and logic and communicate efficiently. 

FTM token powers Opera and Fantom ecosystem as a whole. The primary use of FTM is staking (to become a Validator node, one must hold more than 3,175,000 FTM). FTM is also utilized as network fees, governance tokens, and currency for quick and inexpensive transactions.

What Makes Fantom (FTM) A Good Investment?

Here are a few grounds that will show you why investors should consider investing in Fantom (FTM).

Fantom’s Defi Ecosystem Is Fast Growing

Defi on Fantom has multiplied due to Fantoms speed and lower fees.

To give you an idea of how fast the defi ecosystem has grown on Fantom, you can look at its Total Value Locked (TVL).

Total Value Locked on Fantom has grown from $373,203 in April 2021 to over $7 Billion in January 2022. That is over 18,756x growth in less than a year.

TVL measures the total value of the tokens locked within dapps on a network or platform.

Essentially TVL reveals to you how much money in total has been locked up within dapps on a network via processes such as staking, liquidity pools, farms, etc.

Ethereum based Automated Market Maker (AMM) & DEX SushiSwap has also launched on Fantom so traders can take benefit of the low prices and instant settlements.

Fantom Is Creating A Centralized Exchange Using Binance Cloud

At the Fantom Developers Conference 2021, Harry Yeh revealed that Fantom was building a Binance Cloud-powered exchange for Fantom tokens.

This centralized exchange will make it easier for users to trade Fantom-based tokens with a familiar UI and deeper liquidity.

Fantom’s exchange will include FTM pairs for every token and support high-frequency trading bots for a better trading experience.

Upon launch, the Fantom exchange will support the following cryptocurrencies:

  • SpookySwap (BOO)
  • Spirit Swap
  • Tomb, Tshare, Tbond
  • Ice
  • Spell
  • MIM
  • Yoshi
  • 1Art

Fantom is one of the very rare projects making a centralized exchange, and expect the demand for FTM to increase due to FTM pairs on the platform.

Fantom Has A Strong Community

A large and active community is key to developing and adopting any blockchain platform.

Fantom currently has $1.6 Million unusual addresses on the network, growing by over 13,300 new addresses daily.

On average, there are over 750,000 daily transactions on Fantom, with transactions in January reaching over 1 Million.

Renowned Investors Back Fantom

Fantom has received significant investments, including a $35 Million investment from renowned trading and investment firm Alameda Research.

Fantom Price Current Value:

Fantom price trends at $2.89 USD with a 24-hour trading volume of $1,602,876,969 USD. Fantom is down 9.15% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $7,350,121,571 USD. It has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.

Fantom Price Prediction

Below, we have gathered the most trustworthy Fantom (FTM) price projections from popular forecast platforms.

WalletInvestor FTM Price Prediction 

According to WalletInvestor, Fantom price will grow from $2.944 to $5.804 in one year. That makes FTM an awesome investment. The long-term earning potential is 97.15%. Predicted price for the end of 2027 is $16.205.

TradingBeasts FTM Price Prediction

Answering if Fantom is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $3.03247 with a growth to $3.62553 by the end of 2023.

DigitalCoin FTM Price Forecast 

In DigitalCoin analysis, the price of Fantom cryptocurrency will rise in the next 5 years starting from $2.4719264 as of today’s price to $9.957263. It will go up to $3.7022679 by 2023 and continue its growth in 2024-2025. Based on this forecast, Fantom is a profitable long-term investment.

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Brenda Moya

Update: 2024-05-06