What is Fantom Crypto Network?
FTM News and Updates
Fantom Price Movement Throughout 2021
Fantom News Updates That Affect the increase in Fantom’s Price
The Prediction of Fantom Prices in 2022 According to Experts
Is It Too Late to Buy Fantom (FTM) in 2022?
How to Buy Fantom Token on Zipmex
Fantom is one of the fastest and most scalable platforms for decentralized applications (dApps). The platform gets its speeds from a unique consensus mechanism known as Lachesis and even offers tools that make it easy to integrate within existing dApps.
This is why it has been the go-to token for many cryptocurrency investors, even though its value has seen a decrease compared to its all-time high value. In any case, Fantom might just be the token you are looking for if you want to diversify your portfolio, so keep reading as we go over everything you need to know about the price of the Fantom token.
What is Fantom Crypto Network?
Fantom is essentially the decentralized and permissionless, open-source smart contract platform for decentralized applications (dApps) as well as digital assets.
The Fantom blockchain mainnet went live in December of 2019, and its network architecture aims to balance scalability, security, and decentralization.
The network utilizes an independent consensus layer called Lachesis, which features a novel consensus mechanism developed by the Fantom Foundation and is called the Lachesis Protocol.
It aims to provide security to multiple other layers, the first being Fantom’s EVM-compatible smart contract chain known as Opera. Note that you need a wallet to buy or sell the token, such as Zipmex.
FTM News and Updates
- LlamaPay, a decentralized payment application, was successfully launched on Fantom. This Web3 improvement aims to help employers pay wages on the blockchain.
- A collaboration between Dedaub, a leading security blockchain firm, and Fantom will deploy smart contract security tools.
- Trust Wallet added Fantom native support to exceed 50 million users. In addition, FTM has been added to Zerion wallet as well.
Fantom Price Movement Throughout 2021
Fantom’s price evolved throughout 2021, as this is the year when the token achieved its latest all-time high point, which has yet to be surpassed.
As a point of reference for all future price points described here, as of March 16, 2022, the token is trading at 1.20 USD.
Now, let’s go over 2021 and its various price jumps.
2021 was a successful year for the FTM token, where the value of the token was just 0.01723 USD on January 1, 2022.
The token saw its first jump in value on May 9, 2021, reaching 0.916 USD.
Then on September 9, 2021, the token jumped in value yet again at 1.6608 USD.
The all-time high-value point for the FTM token was also achieved in 2021, specifically on October 28, when it reached $3.46.
This essentially means that from January 1 of 2021 to May 9 of 2021, the token increased in value by 19,981.25% or by 3.44277 USD.
Fantom News Updates That Affect the increase in Fantom’s Price
There were numerous developments that contributed to the growth of Fantom’s value throughout 2021.
Specifically, in May of 2021, a few native projects appeared as part of the fantom ecosystem. The first ones were SpiritSwap and SpookySwap, all supported by the Fantom Foundation.
Furthermore, many protocols have appeared within the Fantom ecosystem, such as Geist Finance, Scream, Reaper Farm, RoboVault, and others.
Additionally, in 2021, Fantom started partnering with multiple projects from different fields, such as Coti (Payment), Suterusu (Privacy), V-ID (Identity), Travala (Travel), and others.
Later on, at the end of August, the Fantom Foundation announced an incentive program that consisted of 370 million FTM tokens. When the value was around 1USD per FTM, the program was worth approximately 370 million USD. It is clear that this project has contributed a lot within DeFi.
According to DeFi lama, Fantom has 6.49 billion USD in Total Value Locked (TVL) as of March 16, 2022.
The Prediction of Fantom Prices in 2022 According to Experts
View FTM real-time Price on Zipmex Exchange
With such a volatile 2021, it is expected that 2022 could bring similar results. To truly see what the experts are saying about the value of the Fantom (FTM) token moving forward, we will be going over some predictions.
Based on data from Wallet Investors, by the end of August, the token could reach a value of 2.13 USD, while by the end of 2022, specifically December 31, the token could increase to 3.02 USD.
Looking at data from Price Prediction, the minimum price for 2022 is estimated at 1.43 USD, while the maximum is estimated at 1.70 USD.
Is It Too Late to Buy Fantom (FTM) in 2022?
FTM has seen its highest level of growth throughout 2021. However, this should not discourage any investor from investing in this fast-growing asset throughout 2022.
Based on data from various cryptocurrency prediction websites, the token could reach an average FTN coin price of 2.50 USD throughout the next 12 months, making it a solid token through which you can diversify your portfolio. Note that you can also engage in Fantom staking after buying the token.
How to Buy Fantom Token on Zipmex
Here is a guide on how you can buy Fantom (FTM) on Zipmex application.
- Prior to beginning this process, ensure that you have created an account and have successfully verified your account by completing the KYC procedure.
- If you already have an account, all you have to do is deposit some funds within the Trade Wallet.
- You can now select the Trade menu within the Zipmex account. You can find this in the menu bar at the bottom of the application, after which you can select “Buy Assets.”
- Carry on by choosing a trading pair. For example, you can pick FTM/USDT or local currencies.
- Select the transaction method that you will be utilizing. Here, you have “Market Order,” which is intended for transactions that utilize real-time prices, as well as “Limit Order,” which is intended for a transaction method in which you set the price.
- Now, enter the nominal price or the amount of the asset you would like to buy or sell, and ensure that you double-check if all of the information is correct and legitimate.
- Finalize this by simply clicking on “Confirm,” Zipmex will process the buying of Fantom (FTM) immediately. The results of this transaction will automatically be added to your Trade Wallet.
Buying FTM on Zipmex is easy peasy lemon squeezy, isn’t it? Now it’s your turn!
Disclaimer: The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
