Fantom is one of the coins that has enjoyed the most consistent growth in recent times. Today, it has added more than a fifth to its value. We have everything you might want to know about Fantom in this guide: what it is, is it worth buying, and where to buy Fantom.
Top places to buy Fantom now
eToro
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
What is Fantom?
Fantom is a directed acyclic graph (DAG) which tries to use a new scratch-built consensus mechanism to facilitate DeFi and related services based on smart contracts.
This mechanism is called Lachesis and promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Should I buy Fantom today?
Fantom can be a lucrative investment, but don’t forget it can be subject to dramatic price swings, both up and down. Be prepared for the unexpected.
Fantom price prediction
Trading Beasts prediction that Fantom would trade for $2.58 at the beginning of January this year did not come true. It is trading for more at the moment. They expect a maximum of $3.22 and a minimum of $2.19. GOV Capital is far more bullish.
They forecast Fantom will reach $3.96 this year and $14.28 by the end of 2026.
Fantom on social media
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— OpenOcean | We're hiring 🌊 (@OpenOceanGlobal) January 11, 2022
