• Technical Analysis of FTM Price Prediction

  • FANTOM is a new DAG-based Smart Contract platform that aims to address existing public distributed ledger technologies’ scalability issues.

    By attempting to use an improved version of existing DAG-based protocols, the platform hopes to differentiate itself from traditional block ledger-based storage infrastructure. To maintain consensus, the FANTOM platform employs a new protocol known as the “Lachesis Protocol.” This protocol is intended to be used in conjunction with the Fantom OPERA Chain. The goal is for all users to be able to use applications built on top of the FANTOM OPERA Chain with instant transactions and near-zero transaction costs. As a result, the price of FTM has risen.

    Security

    To provide services and secure its network, Fantom employs a unique proof-of-stake algorithm. It is an example of an asynchronous byzantine fault tolerant (aBFT) consensus mechanism known as Lachesis. Fantom avoids low-cost attack risk by removing leadership among network participants, while staking adds additional user incentives to secure operations using FTM token holdings.

    Speed

    Fantom transactions are completed in a fraction of a second and cost a fraction of a cent.

    Extremely Scalable

    Fantom can scale to thousands of nodes and process thousands of transactions per second.

    Ethereum Compliant

    Fantom is EVM-compliant. Fantom allows you to deploy and run Ethereum dApps.

    Staking with liquids

    DeFi will accept your staked FTM as collateral. Within the Fantom ecosystem, your delegations are fluid.

    fMint

    You can create a plethora of fictitious assets, such as cryptocurrencies, national currencies, and commodities.

    fLend

    To trade and earn interest, lend and borrow digital assets without exposing your FTM.

    fTrade

    You can trade Fantom-based digital assets without ever having to take your wallet out of your pocket. AMM exchange that is completely non-custodial and decentralized.

    Let’s take a look at the FTM price.

    Price Prediction for FTM

    FTM is currently trading above the $1.22 support level. If it remains above this level, we could see a move towards $1.37, $1.49, $1.61, $1.78, and $2.00. If the $2.00 resistance turns to support, we could see a move towards $2.63, $3.65, and $4.67. If the support level of $1.22 is not maintained, the price may fall as low as $0.98.

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