Why Is 2021 The Best Time To Invest In Fantom (FTM) Coin?

Why Is 2021 The Best Time To Invest In Fantom (FTM) Coin?

Is Fantom (FTM) Coin a Good Investment?

As investors seek the “next” Ethereum, smart contract crypto platforms have recently gained centre stage (ETH). People want cryptocurrencies that are speedy, secure, and affordable. Fantom (FTM) checks all the criteria.

That’s one of the reasons Fantom’s price has grown 9,710% this year, and it’s up more than 500% since the beginning of August. Indeed, on September 9, FTM hit a new all-time high of $1.93. Let’s take a closer look at why Fantom is expanding and why smart contracts are so crucial.

What is Fantom (FTM) Coin?

Fantom is an innovative contract platform based on directed acyclic graphs (DAGs) that offers developers decentralized finance (DeFi) solutions via its proprietary consensus protocols.

Fantom Foundation, along with its in-house coin FTM, promises to alleviate issues connected with smart-contract platforms, notably transaction speed, which developers claim has been lowered to less than two seconds. Fantom is, in other words, a network of networks.

Dr Ahn Byung Ik, a South Korean computer scientist, created the Fantom Foundation. Michael Kong is the platform’s present CEO. The Fantom team has vast experience, especially in full-stack blockchain development, and set out to design a smart contract platform that prioritizes scalability, decentralization, and security.

Fantom is a new DAG-based smart contract platform that aims to address the scalability difficulties in public distributed ledgers. FANTOM’s objective is to develop an ecosystem that allows for low-cost real-time transactions and data sharing by ensuring compatibility with all transaction bodies worldwide. The goal of this protocol is to integrate it into the Fantom OPERA Chain.

Characteristics of Fantom

• Modular

Fantom’s modularity makes it highly adaptable. Developers can quickly move their existing Ethereum-based dApps to the Fantom Opera mainnet, significantly improving performance and cutting expenses.

Lachesis powers Fantom’s Opera mainnet deployment, which runs on the Ethereum Virtual Machine (EVM) and is Ethereum-compatible. Lachesis is a consensus layer of the blockchain technology stack that can insert into any distributed ledger.

• Scalable

Each network created on Fantom is distinct from the others. Traffic and congestion do not affect their performance or stability. Fantom addressed the scalability issue by providing each program with its blockchain, akin to running each application on different computers connected to the same network.

Each blockchain is self-contained and can have its coins, tokenomics, and governance rules. However, because they are all connected to Lachesis, Fantom’s ultra-fast BFT consensus, all the blockchains may communicate with one other and benefit from the underlying technology’s speed and security.

Each network is customizable based on its intended use. If we consider Ethereum a decentralized computer, Fantom is a network of infinitely many decentralized computers. They all follow the same reasoning, yet they’re utterly separate from one another. Despite this, they can converse freely with one another.

• Safe & Environment Friendly

Proof-of-Stake is used to secure Fantom. Proof-of-Stake, as opposed to Proof-of-Work, which Bitcoin and Ethereum utilize, prevents centralization and saves power.

Lachesis can provide dispersed networks with institutional-grade security. Fantom provides absolute finality, which means that it can never reverse transactions instead of probabilistic finality networks.

The consensus process may also be scaled to hundreds of nodes, improving decentralization and, as a result, security.

Finally, Lachesis lacks a leader. By eliminating leaders, security is no longer dependent on a limited group of actors.

• Open-Source

Fantom has no authorization. Anyone can run a node. A potentially infinite number of validator nodes can participate in safeguarding the network on Fantom’s Opera Chain, as long as they retain a minimum of 1,000,000 FTM at stake.

Even if you possess a smaller quantity of the token or are not a specialist in running distributed systems, you may still help secure the network. You can get rewarded for delegating at most minuscule one FTM to a validator node.

What Is The Best Time To Invest In Fantom (FTM)?

Fantom, like SOL, is labelled an Ethereum-killer and operates on the Direct Acyclic Graph (DAG) intelligent contract architecture. Fantom’s scalability has improved, and transaction speeds can now exceed 300,000 per second. FTM is powered by Lachesis, built on the Ethereum blockchain. Because of the network’s speed and efficiency, prominent blockchain projects such as Chainlink, Raviton, and Band Protocol have collaborated, driving up the cost.

The price of Fantom (FTM) has risen due to massive dApp usage over the last year. Furthermore, improvements will increase the network’s scalability to 100,000 TPS, transitioning the blockchain from an energy-intensive technology. The network is quite popular, with several projects built on it; if developments continue, the Fantom (FTM) price on the chart will rocket to $0.70, setting a new high.

Start Investing in Fantom (FTM) Coin

You must first open a cryptocurrency account with a reputable exchange to start trading and investing in FTM and other cryptocurrencies. A crypto exchange is a broker that allows you to trade Fantom (FTM) and other cryptocurrencies in India. Assume you want to buy in Fantom (FTM) and receive the best price efficiently and quickly.

In that situation, BuyUcoin Exchange is the only exchange you’ll need. You may even invest in FTM Coin via a debit card, MasterCard NEFT, or UPI.

Is Fantom (FTM) A Good Investment in 2021?

Fantom has a strong foundation. It has a strong management team, and Andre Cronje’s presence adds a dash of crypto stardust. Furthermore, it has received funding from reputable investors such as Alameda Research and HyperChain Capital.

It operates in a highly competitive market. Ethereum clones like Cardano (ADA), Solana (SOL), Polkadot (DOT), and others are vying for market share, citing their fast transaction speeds and low transaction costs. There’s a fair probability that five or six of them will emerge as front-runners in the following years, leaving the others in their wake.

The Fantom blockchain has been progressively onboarding new DeFi projects looking for an alternative to Ethereum’s hefty fees and limited scalability. Other domains, such as NFT projects, have also been launched on the Fantom Network. The number of users and on-chain transactions will continue to rise as more projects debut on Fantom. With continued mass acceptance, Fantom appears to be a well-positioned project to be a potential top investment.

 — @iearnfinance

Why Invest In Fantom (FTM) Token?

The Fantom protocol has been quietly taking market share and making inroads within the cryptocurrency ecosystem. At the moment, the majority of DeFi protocols run on the Ethereum network. The Ethereum protocol was challenging for the average user due to its expensive fees and delayed transactions. With its high scalability and low expenses, Fantom has provided DeFi users and developers with an alternative.

• Fantom is attempting to create a unique consensus mechanism designed from the ground up to support DeFi and associated services based on smart contracts.
• Lachesis, the mechanism, offers substantially larger capacity and two-second transaction finalization and security enhancements over existing proof-of-stake (PoS) algorithm-based platforms.
• The project, like Ethereum, appeals to developers wishing to create decentralized solutions. According to its official literature, its declared aim is to “provide compatibility amongst all transaction bodies around the world,” according to its official literature.
• Its in-house PoS token, FTM, serves as the transaction’s backbone, allowing fee collection and staking operations, as well as the user incentives represented by the latter.

Worth Buying Fantom in India?

The current Fantom price is $2.13, and the 24-hour trading volume is $958,523,499. In the last 24 hours, Fantom has dropped 10.95 %. CoinMarketCap now ranks #40, with a live market cap of $5,418,451,796 USD. There are 2,545,006,273 FTM coins in circulation, with a maximum supply of 3,175,000,000 FTM coins.

Fantom Market Sentiments

• Wallet Investor

Based on our Fantom (FTM) price predictions, a long-term increase is expected, the price prognosis for 2026 is $4.926. With a 5-year investment, the revenue is expected to be around +686.9%.

• Reddit Community

A lot of FTM projects are in the pipeline awaiting release. Right from the concept phase to the testing phase and by the end of the year, a lot of new projects would have been completed, hence, an all-around bullish prediction of as high as $1.04.

• Trading Beasts

The Fantom price is forecasted to reach $0.7442 by the beginning of December 2021. The expected maximum price is $0.9302, minimum price $0.6325. The Fantom (FTM) price predictions for the end of the year are $0.75.

The price of Fantom FTM has risen as a result of huge dapp usage over the last year. Furthermore, improvements will increase the network’s scalability to 100,000 TPS, transitioning the blockchain away from an energy-intensive technology. The network is extremely popular, with several projects built on it; if developments continue, we may expect the Fantom FTM price on the chart to rocket to $0.70, setting a new high.

Conclusion

The Fantom team has extensive expertise in blockchain development, particularly full-stack blockchain development, and set out to create an innovative contract platform that prioritizes scalability, decentralization, and security. Fantom is attempting to build a one-of-a-kind consensus mechanism from the ground up to support DeFi and related services based on smart contracts.

FTM may be a lucrative and long-term source of income if you organize all of your investments intelligently and effectively. In the long run, FTM may prove to be a profitable investment. There is no tried and true strategy to make money quickly, yet investing in FTM can benefit.

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Why Is 2021 The Best Time To Invest In Fantom (FTM) Coin? was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.