Is Fantom a Good Investment - TechHarry

is Fantom Crypto coin a good investment

Fantom token is one of the most popular crypto tokens in the crypto world. Fantom is a Directed Cyclic Graph (DAG) smart contract platform that provides DeFi (Decentralized Finance) services to developers using its own bespoke consensus algorithm.

Together joined with its own personal token FTM, Fantom tries to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

Fantom attempts to use a new built-from-scratch consensus algorithm to provide DeFi and related services on the basis of smart contracts.

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Fantom (FTM) Price Analysis

As you know FTM is a very useful smart-contract platform that solves a great transaction speed issue faced by lots of other smart contract tokens. In December 2018, Fantom released the test net for the FTM token, and on December 27, 2019, Fantom had its first main net launch.

FTM growth from August to its all time high
Source: TradingView

When the FTM token was launched, it had a price of around $0.02 and in 2021 with its all-time high price, it has gained over 3,87,029% in two years. Even this year, FTM started increasing in the mid of August. From that time, the FTM token's price is increased by over 695% in just 3 months (till November, 30) and to its all-time high, it has increased by over 1300% in three months.

FTM growth from August to November
Source: TradingView

Today (December 29), at the point of writing this article, the price of one FTM token is $2.18 USD with a 24-hour trading volume of $1.32B USD. If we take a look at the price history of the FTM tokens, we can see consistent growth over the year. Even this year, FTM has shown us what potential it can hold. We can easily see massive growth from the mid of August to mid-September and today it is quite high from that time. From the chart and the popularity of this FTM, we can easily see a huge spike in this bull run. We can expect that FTM can reach the milestone of $4 in this bull run. If you want to invest some money in FTM, it can give you huge profits in the upcoming years.

FTM Holders Analysis

FTM token holders analysis
Source: CoinMarketCap

Now you can see the actual growth of the FTM token over three months. As you can see in the above chart, we can a consistent growth of the Fantom token from 4th September to 29th November.

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FTM holders in November 2021
Source: CoinMarketCap

On 4th September, the total number of FTM holders was 31,813. In one month, on 4th October, these digits increased to 37,863 holders with the difference of 6050 new Fantom holders. Now, in November, it has gained over 60,000 holders and increasing. This consistency and the low number of holders mean that the FTM token is still quite an under-valued token. It also means that FTM with these 60k holders (in comparison with more popular crypto coins like Luna, Avax, XRP, etc) is the signal that there is a huge gain that remains undone.

Is FTM Token a Good Investment

Today, FTM has a price of around $2.18 USD with a market capitalization of $5 billion USD. It has a circulating supply of 2.55B FTM with a 24-hour trading volume of $1.3 Billion USD. The Fantom token or FTM token is ranked #33 as per its market cap. The all-time high of the FTM tokens is $3.48 and the all-time low of $0.001935. This happened when the FTM token was launched and nobody knew about this token. So, clearly, you can see a 110,000% growth from the very beginning. In my opinion, this token will explode and you'll see a huge gain in the FTM token.

So, a big YES. FTM token is a good investment. Buy Fantom on BitMart Exchange