Fantom (FTM) Price Analysis: Today's Key Trends
Fantom (FTM) price today is $ 0.8531 with a 24-hour trading volume of $ 11.75M, market cap of $ 0.00 and market dominance of 0%. The Fantom (FTM) price changed 21.10% in the last 24 hours. Fantom (FTM) price in US dollars is changed by 103.17% over the last 1 year. Over the past year, Fantom (FTM) has changed by 123.17% against Ethereum and 7.91% against Bitcoin. Fantom (FTM) total volume is now $ 11.75M, 0.0003501% of the total cryptocurrency market volume in the last 24 hours.
What Sets Fantom Apart?
Fantom coin is a decentralized blockchain platform created to overcome the cost, speed, and scalability constraints of current networks. This crypto currency, also known as FTM, powers the platform's infrastructure by facilitating smart contracts, transactions, and decentralized apps (dApps). The protocol is based on Lachesis, a Directed Acyclic Graph (DAG) consensus model that ensures high throughput, lower costs, and faster transaction processing times. Because of its solid foundation, Fantom is a creative and scalable solution for both developers and enterprises, making it a desirable option in the blockchain sector.
Dissecting Fantom's Revolutionary Features
The coin has a number of unique characteristics, including:
- Scalability and Speed. Fantom can handle up to 20,000 transactions per second and works with nearly instantaneous transaction finality. It gets rid of the bottlenecks that Ethereum and other networks have.
- Low Fees. The Fantom wallet is still reasonably priced for customers due to its almost nil transaction costs. The price structure of the network guarantees cost-effectiveness for every transaction.
- Support for Smart Contracts. Developers can easily implement smart contracts thanks to FTM's compatibility with the Ethereum Virtual Machine (EVM).
- Consensus and Security. FTM maintains network integrity without compromising decentralization by utilizing the Lachesis protocol. This approach aligns with meaning cybersecurity, vital for blockchain security.
- Staking Mechanism. Holders can stake FTM coins to secure the network and earn passive income, contributing to its ecosystem’s growth.
By blending speed, affordability, and security, Fantom addresses challenges faced by other blockchain systems while boosting overall performance. A significant advancement over conventional blockchain networks, its distinct Lachesis consensus system guarantees quick transaction finality without sacrificing decentralization.
Fantom Price Trends, Past Performance and Future Outlook
The Fantom price prediction has fluctuated considerably due to market conditions and broader cryptocurrency trends. At the time of writing, the today's price sits between $0.4 and $0.6, reflecting the asset's relative stability amidst market volatility. Historical data reveals that the historical high for FTM reached $3.48 in October 2021, while its historical low dropped to $0.001953 in March 2020.
Future price predictions are optimistic, with analysts suggesting potential growth, driven by increasing adoption of blockchain technology. The maximum price forecast could reach up to $5 by 2025, provided market sentiment remains bullish. However, a comprehensive risk analysis is necessary for potential investors, as crypto assets remain volatile.
How Much FTM Is Left? Understanding Token Supply on Exchanges
There is a limit of 3.175 billion FTM coin in the whole supply. Of this, around 80% is currently in circulation, distributed across major cryptocurrency exchanges. Investors can acquire FTM through centralized platforms like Binance, Coinbase, or decentralized exchanges (DEXs) such as Uniswap. Strategic allocation across exchanges ensures liquidity and accessibility for traders looking to capitalize on the network's performance.
With token burning and staking mechanisms gradually decreasing the circulating supply and perhaps raising its value in USD, FTM's tokenomics show its deflationary character.
Fantom’s Market Cap
A major factor in the coin's rise has been the expanding use of decentralized finance (DeFi) initiatives. The current price of FTM is multiplied by the total circulating supply to determine market capitalization statistics. As of mid-2024, Fantom crypto price positions its market capitalization at approximately $1.2 billion, ranking it among the top 50 cryptocurrencies.
Comparatively, FTM competes with similar blockchain projects like Solana and Avalanche, offering superior transaction speeds and low fees. Investors closely monitor FTM’s market cap, given its correlation to broader crypto performance.
What’s the Value of FTM Today? Real-Time Insights
The value of Fantom today depends on factors like trading volume, market trends, and investor sentiment. With high market liquidity and expanding utility, FTM's rate continues to attract both retail and institutional investors seeking reliable blockchain investments. Price in USD often fluctuates due to global economic indicators, demand for smart contracts, and decentralized applications. Real-time data can be accessed through major crypto-tracking platforms. The Fantom today price consistently trades between $0.4 and $0.6, aligning with market trends and investor sentiment.
How Fantom Works: Staking, Security, and Energy Efficiency
Fantom doesn't require conventional mining as Bitcoin does. The Lachesis consensus mechanism allows validators to prevent excessive energy use while protecting the network. Participants can stake FTM tokens to validate transactions and receive incentives. While preserving decentralization, this environmentally friendly architecture greatly improves scalability. Through staking pools, users can maximize returns on their investments, making FTM an attractive alternative to energy-intensive mining processes.
