The Fantom token platform is a blockchain platform all poised to tackle and handle some of the problems faced by other blockchains like bitcoin which is the first crypto.
With setups and goals of giving fast, speed, secured and versatility in transactions, exchanges, and trades, the fantom blockchain platform presents an even better-upgraded system in the Decentralized finance space.
The blockchain platform also presents a system that can help create customized decentralized apps otherwise known as DApps and other non-fungible tokens (NFTs).
The Fantom token is also one of the tokens to be called an Ethereum killer, because of its features and functions which can relate to other cryptos like Solana and Cardano which have also been called Ethereum Killers.
The Fantom token has seen a massive surge in its price as the coin has been hit with a bull run for a while.
Fantom simply affects the scalability and transaction pace in the blockchain space as it is predicted to process almost 300k transactions per second.
This is unlike some of the other blockchains including bitcoin whose transaction pace is simply not as fast as some of the new altcoin platforms which are more directed towards decentralized finance.
Fantom due to its diversities and its blockchain specialties smoothly works with some other blockchain platforms and this widespread application has led to its price surge which has been occurring for over a month now.
Some collaborations with other blockchains include ones like Chainlink, Band Protocol and others have made the fantom platform a force in the crypto world as it is dynamic enough to work with all these other blockchains.
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Fantom Token Price Prediction
The Fantom token FTM with its movement in the market charts and from investors’ prediction will keep moving up and its price will keep spiking upwards owing to the strong bullish trend the token is experiencing right now.
The rave of Decentralized Finance and Non-fungible tokens NFTs are two other factors that can be held accountable for the ultimate surge the coin is experiencing right now.
But it is important to understand that some early investors taking on their profit and leaving the market can be a detrimental factor to the growth and price surge if the FMT as this would affect the price going into the future.
Some other strong altcoins can also affect the price of the Fantom token as these tokens are also in collaboration with the Fantom token and have similar diversities like the Fantom token.
Some of these blockchains and tokens include ChainLink, Solana, and Cardano.
Is Fantom Coin a Good Investment?
The fantom token has been doing some really good numbers on the coin market lately. The token has seen an increased percentage of over 90% as shown on CoinMarketCap with its price decking at $1.382 which is just more than what it has ever been.
The fantom coin has a market cap of $3.15 Billion and holds a rank of 43 on the CoinMarketCap.
The Fantom coin has been on the list of gainer coins for a while now. This shows its potential and its strength in the crypto market.
This is a coin that has the investors’ attention.
Leave a comment in the box below, so that we can know your thoughts about the Fantom token and get other updates about new breakout coins and tokens in the crypto market.
About Author
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Christopher is a highly skilled writer who possesses a deep understanding of the interplay between financial markets and technology. His goal in writing is to deliver expert analysis through written content that is easy for readers to comprehend.
With a keen interest in cryptocurrencies and the blockchain industry, he has been among the earliest contributors to the Coin Decimal Crypto Blog.
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