Fantom is up 5% today

The Live Fantom price is $ 2.31 today with a 24-hour trading volume of $ 1.3 billion. Fantom is up 4.95% in the last 24 hours. If you want to know what Fantom is and whether you should invest in it, you will find the most important information in this guide.

What is Fantom?

Fantom offers DeFi services to developers through a custom, unique consensus algorithm. This Directed Acyclic Graph (DAG) smart contract platform and native token FTM attempt to solve problems often associated with smart contract platforms. More specifically, Fantom developers claim to have reduced transaction speed to less than two seconds.

Fantom's mainnet OPERA was launched in December 2019. Fantom is supervised by the Fantom Foundation, founded in 2018.

The team behind Fantom has extensive experience mainly in the field of full-stack blockchain development and aims to create an intelligent contract platform that privileges scalability, decentralization and security.

Fantom is trying to use a new, self-made consensus mechanism to facilitate DeFi and related services based on smart contracts. The mechanism, Lachesis, promises a much higher capacity.

Should I buy Fantom today?

Fantom fans predict it will recover from its recent crash. Still, it is best to be cautious about all price forecasting and investment advice.

Fantom price forecast

According to Wallet Investor, Fantom is a good long-term investment. They predict the price will rise to $ 4.62 in a year. This means that the long-term earning potential in one year is just over 100%. In five years (2026) the price of Fantom will be around $ 13.50.

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