Is Fantom (FTM) a Good Investment?

Fantom presents a scalable, developer-friendly, and community-driven ecosystem with the potential for significant growth. Its technological advantages and incentives for investors and developers alike make it a noteworthy contender in the blockchain space. One of the main attractions is its scalability and speed, attributed to its use of Directed Acyclic Graph (DAG) technology and the Lachesis consensus mechanism. This allows Fantom to handle thousands of transactions per second, offering near-instant finality at low costs.Fantom also stands out due to its attractive staking rewards. Investors can stake their FTM tokens to secure the network and earn rewards, with annualized returns ranging from approximately 1.97% to 6.04%, depending on the lock-up period. The platform also supports liquid staking, enabling investors to use their staked tokens within the DeFi ecosystem for additional financial activities, such as loans or yield farming.Another key advantage is Fantom's compatibility with the Ethereum Virtual Machine (EVM), making it easier for developers to migrate and deploy dApps from Ethereum to Fantom without needing to learn a new programming language. This has facilitated a vibrant ecosystem of decentralized applications on Fantom, contributing to its growth and attractiveness to investors.Fantom also features decentralized on-chain governance, allowing FTM holders to propose and vote on network upgrades and changes. This ensures that the platform remains community-driven, with token holders having a say in its development.While Ethereum boasts a robust developer ecosystem and a wide range of dApps, Fantom offers faster transaction times, lower fees, and high scalability. However, Ethereum's recent upgrades, including its transition to Proof of Stake, address scalability and environmental concerns, potentially narrowing the gap between the two platforms.

What Is Fantom Price Prediction?

While we cannot provide a reliable FTM price prediction over any timeframe owing to the volatile nature of the crypto market, you could monitor the following factors to better understand the price changes in the Fantom cryptocurrency: 1. Market Demand and Adoption: The overall market demand for cryptocurrencies, including Fantom, significantly impacts the Fantom coin price. Increased adoption of Fantom's technology, especially in real-world applications and systems, can lead to a rise in demand for FTM tokens, potentially driving the FTM to USD price.2. Future Developments in the Fantom Roadmap: Advances within the Fantom ecosystem, such as partnerships with other blockchain projects, integration with popular dApps, and the introduction of new features, can create positive momentum for the $FTM price. The growth and expansion of the Fantom ecosystem, including developments in DeFi projects and NFT platforms, are crucial drivers of demand for FTM, supporting the FTM crypto price.3. Competition Among Layer-1 Blockchains: The competitive landscape in the blockchain space influences Fantom's price. Competition from other blockchain platforms offering similar or superior features can affect investor sentiment toward Fantom. However, Fantom distinguishes itself with fast transaction speeds, low fees, and a commitment to interoperability, which can positively impact the Fantom coin price.4. Crypto Market Volatility: The cryptocurrency market is known for its volatility, and Fantom is no exception. Market sentiment, influenced by global economic factors, regulatory news, and developments within the crypto space, can lead to rapid fluctuations for the FTM token price.5. Investor Sentiment and Social Media Activity: Social media activity and the general sentiment among investors can also impact the price of Fantom token. Positive news and bullish sentiment on platforms like Twitter and Reddit can lead to FTM coin price increases, while negative sentiment can cause declines. Metrics such as social dominance and Twitter sentiment provide insights into the community's outlook on Fantom and its potential price movements.6. Technical Analysis and Historical Price Performance: Analyzing FTM's historical price performance and employing technical analysis can help investors and traders make informed decisions. Key factors include past trends, chart patterns, and trading volume, which can offer clues about future price movements.

Is FTM an ERC-20 Token?

Yes, FTM is available as an ERC-20 token, a standard for creating and issuing smart contracts on the Ethereum blockchain. FTM also exists in several forms, including as a native token on its mainnet and as a BEP-2 token on the Binance Chain. The ERC-20 version of FTM can be converted to native FTM when received in a wallet that supports the Fantom network.

How to Bridge FTM From Ethereum to Fantom

To bridge FTM tokens from Ethereum to Fantom, you can use different bridges, such as Multichain, AnySwap, SpookySwap, and xPollinate. Here's a general guide based on information from various sources:1. Connect Your Wallet: Use a bridge platform like ChainPort or Multichain and connect your wallet with the ERC-20 FTM tokens. These platforms support popular wallets like MetaMask, Ledger, and Coinbase Wallet.2. Select Chains and Token: Choose Ethereum as the source chain and Fantom as the destination. Then, select FTM as the token you wish to bridge. Some platforms allow you to enter the token contract address directly if the token isn't listed in their menu.3. Set Gas Fees and Confirm Transaction: You can set the gas fees, affecting the transaction speed and cost. Review all the transaction details, including the recipient's address, gas fees, and the amount of FTM to bridge, then confirm the transaction.4. Add Fantom Opera Network to Metamask: To view your bridged FTM in the Fantom network, you'll need to add Fantom as a network in your MetaMask. This involves specifying the network name (Fantom Opera), new RPC URL (https://rpcapi.fantom.network), Chain ID (250), symbol (FTM), and block explorer URL. Remember, bridging tokens involves transaction fees, which can vary depending on network congestion. Ensure you have sufficient ETH in your wallet to cover these fees. Once the bridging process is complete, your FTM tokens will be available on the Fantom network, and you can use them within its ecosystem.

How to Stake FTM on Fantom

To stake FTM on Fantom, follow these steps:1. Buy FTM on KuCoin and transfer your tokens to your fWallet, Fantom’s official crypto wallet. 2. Visit the fWallet website.3. Select Staking from the menu.4. Choose the amount of FTM you wish to stake.5. Click Choose a Validator.6. Select a validator from the list provided.7. Click Stake and continue, and follow the on-screen instructions.

What Blockchains Are Fantom Compatible With?

Fantom is designed to be highly compatible with other blockchains through its Ethereum Virtual Machine (EVM) compatibility. This allows it to support decentralized applications (dApps) and smart contracts developed for Ethereum. Additionally, Fantom has built bridges and partnerships for cross-chain interoperability with various blockchains like Ethereum, Binance Smart Chain (BSC), and other EVM-compatible networks, facilitating seamless asset transfers and interactions between these ecosystems.

How to Buy Fantom (FTM)

Price of Fantom (24h)$0.6769209636474934

1.67%

Real-Time FTM Rate Converter

Interested in buying Fantom (FTM) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Fantom (FTM) instantly wherever you are! Check out all the ways you can buy FTM on KuCoin.

Buy Fantom (FTM) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Fantom (FTM)

Use a variety of payment options to buy Fantom on KuCoin. We'll show you how.

Choose How You Want to Buy Fantom on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Fantom (FTM).

Buy Fantom (FTM) with a Credit or Debit Card

This is the easiest way for new users to purchase (FTM). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.

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Buy Fantom (FTM) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy Fantom. You can purchase FTM once the funds arrive in your account.

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Buy Fantom (FTM) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.

Buy Fantom (FTM) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Fantom (FTM). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Fantom (FTM) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Fantom (FTM).

Tip: KuCoin offers a variety of order types to buy Fantom (FTM) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Fantom (FTM) in your Trading Account.

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How to Store Fantom (FTM)

The best way to store Fantom (FTM) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Fantom (FTM).

Store Fantom in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Fantom in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Fantom (FTM) to a non-custodial wallet. Storing Fantom (FTM) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Fantom (FTM) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Fantom (FTM).

What Can You Do with Fantom (FTM) on KuCoin?

Hold

Store your Fantom (FTM) in your KuCoin account.

Trade

Trade Fantom (FTM) in the spot and futures markets.

Earn

Earn passive income by staking or lending Fantom (FTM).

Why Is KuCoin the Best Platform to Buy Fantom (FTM)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Fantom and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Fantom (FTM) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain FTM in an instant when you buy on KuCoin.

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FAQ

How can I sell Arbitrum (ARB)?

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You can buy Arbitrum (ARB) with a credit card on KuCoin in just a few simple steps. Simply go to the KuCoin Fast Trade page, select Arbitrum (ARB), and use your credit or debit card to pay. Be sure to complete Identity Verification prior so that you have access to all KuCoin features and services.

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Fantom (FTM) Price Analysis

Live Price

The live price of FTM is 0.70138 USD, representing a decrease of -0.33% in the past 7 days and 1.67% increase in the past 24 hours.

Historical Trends

The all-time high of FTM was 3.48 USD on 10-27, 2021, from which the coin is now down -79.86%.
The all-time low of FTM was 0.00195 USD, from which the coin is now up 99.72%.

ATL0.0019529794406

ATH$ 3.48

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Disclaimer

Given the nature of the crypto market, the price of Fantom (FTM) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.