The live Fantom price today is $2.31 with a 24-hour trading volume of $1.3 billion. Fantom is up 4.95% in the last 24 hours. If you want to know what Fantom is and whether you should invest in it, look no farther than this guide.
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What is Fantom?
Fantom provides DeFi services to developers via a customized, unique consensus algorithm. This directed acyclic graph (DAG) smart contract platform and the native token FTM attempt to resolve issues commonly associated with smart contract platforms. More specifically, Fantom developers claim to have reduced transaction speed to less than two seconds.
Fantom’s mainnet OPERA was launched in December 2019. Fantom is overseen by the Fantom Foundation, which was founded in 2018.
The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. The mechanism, Lachesis, promises much higher capacity.
Should I buy Fantom today?
Supporters of Fantom predict it will recover from its recent crash. Still, it’s best to take all price predictions and investment advice with a grain of salt.
Fantom price prediction
According to Wallet Investor, Fantom is a good long-term investment. They forecast its price will go up to $4.62 in one year. This makes the long-term earning potential just over 100% in one year. In five years (2026), the price of Fantom will be around $13.50.
Fantom on social media
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