Forta (FORT) is a blockchain monitoring platform that detects threats and anomalies in real time. It is community-based and works based on multiple decentralized networks of independent node operators. These nodes look for discrepancies in each transaction block-by-block.
Developers can build machine learning models and bots, and run them on the Forta network to spot anomalous activity in transactions. FORT is the utility and governance token of the Forta network.
In this article, I will give you a comprehensive overview of the Forta platform and its gas token. I will explain the key features of the platform, the economics of the token, its past performance and expected future prices. In the end, I will also tell you where and how you can buy them.
Let’s dive in right away.
Forta Key Features
| Live Detection | Forta can detect threats and anomalies on DeFi, NFT, governance, bridges, and other Web3 systems in real-time. |
| Community-driven | Forta is completely decentralized, allowing developers to build and run bots and ML models on the mainnet. |
| Bots and Nodes | The Forta network consists of two components– bots and nodes. |
| Incentivization | The FORT token incentivizes users to help secure the Forta network. Node runners can stake FORT as a security measure. |
| Machine Learning Integration | The platform uses ML models to identify malicious activity. |
Forta (FORT) Tokenomics
The total and maximum Fort tokens are capped at 1 billion. Of these, 388,388,554 FORT are in existing circulation.
Forta (FORT) Past performance
In June 2022, FORT started trading at $0.71. When I last checked, FORT was trading at $0.27, which is 20.87% down from yesterday. The market capitalization stands at $108 million and the 24-hour trading volume stands at $24.8 million, 56% up from yesterday.
Forta (FORT) Price Prediction
Technical analysis from our expert team suggests that the current market sentiment is Bullish while the Fear & Greed Index is at 81 signaling extreme greed. Fort stayed 22 (73%) out of the last 30 days in the green region with a 22.79% price volatility.
2024: Latest technical charts indicate that Fort price is expected to go up by 30.03% and hit $ 0.387 in 2024.
2025: Going forward to 2025, the price of FORT is expected to fall between $ 0.298 on the lower end and $1.403 on the high end. If we compare that with today’s price, Forta could gain 383.56%.
2030: Fast forward to 2030, Fort is expected to be trading at somewhere between $ 0.745 on the lower end and $ 1.208 on the high end. Compared to today, this will be translated into a 313.95% return on equity by 2030.
Where to Buy Forta (FORT)?
You can get your hands on the FORT tokens from popular crypto exchanges like Coinbase, Gate.io, ByBit, KuCoin, Uniswap V3, BingX, BitGet, and MEXC.
How to Buy Forta (FORT)?
If you don’t have a preference, you can buy FORT from ByBit. This is how you can do that.
- Sign Up: Go to the Bybit website and sign up for a free account. If you already have an account, log in to that.
- Buy USDT: Once you are logged in, you need to buy a stablecoin or BTC directly using your credit card or debit card.
- Trade for FORT on Bybit Spot: Once you have Tether, navigate to the Bybit Spot trading section and search USDT/FORT.
- Complete Transaction: Hit ‘buy’ followed by ‘confirm’. Your tokens will now appear on your Bybit wallet.
Conclusion
Forta offers live blockchain monitoring to detect threats and anomalies. It is community-driven and is made with the developer in mind.
However, the performance of its native token has been disappointing. Notwithstanding, our analysts think that FORT still holds great potential owing to the strong fundamentals.
With that being said, we still think that cryptocurrencies and NFTs are part of a risky asset-class and no one should put their money into it without serious thought. We encourage the reader to follow the same. Most importantly, we discourage everyone from investing with borrowed money.
