Fantom is an open-source platform for dApps. The creators have developed the platform as a faster and more efficient alternative to Ethereum.
Fantom token (FTM) is the native utility token of the Fantom network. Apart from being the governance token of the Fantom network, it is used for digital payments, authenticating identities, and automating medical and legal records on a global scale.
This piece is your go-to guide to the Fantom platform and its gas coin CELL. We will go deep into the utility of the platform and the economics of the token.
This article will also take a look at the price movements of CELL and try to make reasonable forecasts of its prices in the days and years to come. Let’s dive in without any further ado.
Unique Features of Fantom
Scalability: Fantom comes with a Proof-of-Stake (PoS) verification mechanism out of the box. This allows the platform to process thousands of transactions per second and a settlement time of less than two seconds.
Security: Fantom uses a Proof-of-Stake model to secure the network. This will ensure that a not would have to acquire a majority of the token in the network to manipulate it.
Cross-compliant: Fantom’s mainnet, Opera, is compatible with the Ethereum Virtual Machine (EVM). This allows developers to import dApps from one platform to another.
Fantom Tokenomics
The total supply of Fantom is 3,175,000,000 tokens. The current circulating supply is 2,803,634,8354. As of now, Fantom is traded at $0.395935, making up a market capitalization of around $1,110,056,730. The 24-hour trading volume is close to $59,447,3234.
Fantom Short-term Price Prediction
The short-term technical indicators of FTM suggest an 83% bullish market sentiment and the Fear & Greed index scores a 74 signalling greed. In the last 30 days, the token has 15 green days. The price forecast is a 10% increase and hitting the $0.45 mark by February 16.
Fantom Price Prediction 2024
The technical analysis of the yearly charts of FTM suggests that the token will be traded between a lower cap of $0.30 and a high of $0.54. The average price in the year is forecasted as $0.42. The potential return on investment on the token over this period is 0.72%.
Fantom Price Prediction 2025
Analyzing the past data, the price of Fantom is predicted to continue its upward trend. Some predictions suggest that Fantom prices will lie between $0.79 and $0.93 in 2025. The average price in this period is expected to be $0.82.
Fantom Price Prediction 2030
By 2030, the price of Fantom is expected to increase significantly. These predictions are based on the assumption that the crypto market will go sideways as a result of the maturation of the major cryptocurrencies during this period.
The forecast is that FTM will be traded between $5.37 and $6.34 in 2030. The proposed average cost is $5.55 during the year.
Where To Buy Fantom?
Fantom can be purchased on both Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). You can find the list below.
Centralized Exchanges (CEXs)
Decentralized Exchanges (DEXs)
How To Buy Fantom Token?
If you are a novice crypto trader, it will be a lot more convenient to choose one of the CEXs for your trades. For the demonstration, I will explain how you can buy FTM from Binance.
- If you already don’t have one, create a free account on Binance. You can do this on the Binance website or the smartphone app. You’ll need to verify your identification to start using the service.
- Choose how you want to buy. Click on the “Buy Crypto” link at the top of the Binance website navigation to learn about the available options in your country. You can also buy a stablecoin like USDT first, and then use that coin to buy Fantom.
- If you are a new user, use your credit card or debit card to do the transaction. Confirm payment.
- Once you buy Fantom, you can store it in your crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income.
Conclusion
Fantom pitches itself as a scalable and more efficient alternative to Ethereum. With PoS verification and cross-platform compatibility, Fantom offers some compelling features.
FTM, its utility token, has managed to attract a flow of developers and investors in the past few months. The technical indicators of the token are mostly bullish with an upward trend predicted in the foreseeable future.
As always, do not forget that investing in crypto assets carries significant risks and they are susceptible to large price fluctuations.
You should only invest in products that you are familiar with and where you understand the associated risks. More importantly, don’t invest the money that you can’t afford to lose.
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