Fantom price exploded in the past week as the total value locked in the network crossed $5.83 billion. Supporters have predicted a recovery in the price of Fantom from the recent crash. 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 is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong.
Should I buy Fantom today?
Supporters may predict growth, but do take all price predictions and investment advice with a grain of salt.
Fantom price prediction
According to Wallet Investor, a long-term increase in the price of Fantom is expected. They predict 1 FTM will trade for $13.50 in 2026. A 5-year investment would generate revenue of 484%. If you invest $100 in Fantom now, this might reach $584 in 2026.
Fantom on social media
Love the #Fantom #FTM #FTMUSDT chart and how it has been allowed to breathe and how price action squeezes and rests at critical levels makes it a beautiful chart, that speaks to you. Definitely more to come for this gem. pic.twitter.com/YAjCaOplVE
— Z Bank (@ZBank786) December 27, 2021