Fantom has been gaining steadily over the past week on news of several notable developments.
Yesterday, they announced the launch of a $480 million grant program, distributed to some of the top projects by TVL (total value locked) on the blockchain.
This brief guide has everything you need to know about the Fantom network and coin, including whether you should buy it. Here’s where to buy Fantom if you choose.
Top places to buy Fantom now
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What is Fantom?
Fantom is unique in that its blockchain attempts to facilitate DeFi and similar services based on smart contracts using a new scratch-built consensus mechanism called Lachesis.
This mechanism promises transaction processing time of 2 seconds and much higher capacity as well as security that’s superior to traditional proof-of-stake, algorithm-based platforms.
Fantom aims to replace Ethereum, appealing to developers who want to deploy decentralized solutions. Another one of its goals is to achieve compatibility between all transaction bodies across the globe.
Its native coin FTM builds the backbone of transactions on the blockchain, allowing for staking, rewards, and fee collection.
Should I buy Fantom today?
Fantom can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment.
Fantom price prediction
Wallet Investor predicts FTM could reach $2.13 in August and break $3 by the end of this year. At the time of writing, it was worth $1.57.
Digital Coin predicts 1 FTM will average $1.84 this year and $1.99 next year, rising to $2.66 in three years.
Fantom on social media
— FantomQueen 👻 (@michelle_crypto) March 31, 2022