Tokens

Fantom Token Price Prediction Where is Fantom Token headed in 2023

5 Mins read

Through the course of this article, we will understand all about the Fantom token and its price prediction.

Various tokens and coins have all flooded the crypto market since the launch of the first cryptocurrency, Bitcoin, in the year 2009.

Fantom Token

Crypto tokens and coins have grown into various types since its launch, from major coins including Bitcoin and Ethereum to NFT coins or even gaming token WAXP and Enjin to also meme coins like the Dogecoin and Shiba Inu coin and to others like the Solana project and OpenDAO project, these coins, tokens, and projects all of which have grown exponentially since its launch in the crypto space.

Investors and crypto users need to understand all about any token or coin they choose for their investment. This would help them make the best investment decisions and help them avoid scam tokens in the coin market today.

The Fantom token is another token that has seen significant success and growth in the crypto market since its launch, owing to its increased number of investors and holders and its surge in percentage, which has affected its price. This has also increased its worth and value in the coin market.

What is Fantom Token?

The Fantom platform provides decentralized finance in the blockchain space handling the smart contract problems many protocols face through its stable and successful algorithm.

Here is some basic information about the Fantom token important for investors and crypto users to understand:

• The major aim of the Fantom project is to handle the problems faced by developers and crypto users, especially regarding transaction speed and fast delivery of trades and exchanges in the crypto space.

• Unlike the usual Proof-of-Stake PoS algorithm, the Fantom platform promised a faster transaction pace of under seconds’ delivery with the much-needed security of transaction and exchanges guaranteed.

• There is also room for high compatibility among all transaction bodies in the crypto space, as directly said by the developers, which will enable further decentralization of the financial systems in the world.

• The Fantom token runs on the Ethereum network, making the token an ERC-20 token, some of the strongest tokens in the crypto world.

• The token also runs on the Binance Smart Chain network making it a BEP-20 token.

• It is also important to note that the Fantom token gives users access to staking, reward, and other incentives which the token presents for its users.

This is some of the basic information about the Fantom token that interested investors and crypto users can understand.

Fantom Token Tokenomics and Market Capitalization

Users and investors must understand the tokenomics of any token they choose for their investment since the tokenomics of any token or coin in the coin market plays a vital role in the development and growth of such coins in the crypto market.

The tokenomcis of a coin refers to the distribution and qualities and other vital economic information about a token. All this adds up to facilitate the coin’s growth and appreciation in the crypto market.

Here are the tokenomics of the Fantom token important for investors’ knowledge:

• There is a total supply of 3,175,000,000 Fantom tokens in the coin market, with a circulating supply of 2,545,006,273 Fantom tokens.

• With a rank of #36 on the CoinMarketCap crypto platform and a live market capitalization of $7,580,769,580, the Fantom token has cemented its place as one of the strongest tokens/coins in the coin market and crypto space.

• The coin also has a reward system for staking, which it provides its users as a means of drawing more users and investors to the Fantom platform through incentives. A portion of the token has been reserved for staking rewards to users and investors of the Fantom token.

• The rest of the coin not in circulation has been scheduled to be released through 2023.
The tokenomics of the Fantom token is essential for users and investors of the coin to understand as they make their investments.

Price and Contract Address of the Fantom Token

The Fantom token has grown significantly in the crypto market since its launch. Though it has also faced some significant dips in the industry, it has been a significant coin since its launch.

As of the time of writing this article, the price of the Fantom token is $2.99.
Its contract address:

• ERC-20 – 0x029290c564Ef921c56a784AA16C97E930dAF7372
• BEP-20 – 0x029290c564Ef921c56a784AA16C97E930dAF7372
• BEP-2 – FTM-A64

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How and Where to Buy the Fantom Token Step-by-Step Guide

The Fantom token has been listed on several major crypto exchange platforms, including:
• Binance
• Huobi Global
• FTX
• OKEx and
• Bybit.

This token can be purchased on these platforms with ease by interested investors and crypto users.

Using the Binance Crypto Platform

Users and investors can buy and store the Fantom coin using the Binance crypto platform since the token has already been listed on this platform.

Here is a step-by-step guide on how to buy the Fantom token using the Binance crypto platform:

• Users can sign up on the Binance crypto exchange platform and confirm the email sent by the Binance team to activate the account. Complete the necessary verification process with the required documents and ID to enable users to start trading and buying any crypto-asset they want.

• Purchase the Tether coin USDT, a stable coin of dollar equivalence, which is the cryptocurrency used to purchase f other crypto tokens, once purchased using fiat currency depending on the user’s country and location.

• On the search bar, search for the Fantom token FTM and click on it to buy the crypto token. Click on “Buy,” and this will take the user to the Trades tab. On the trades tab, input the number of USDT needed for the transaction, which is dependent on the user’s choice.

• Once done, click on the “Buy FTM” button to purchase the Fantom token, and this will automatically exchange the USDT for the Fantom token and store it in the user’s wallet.
This simple step-by-step guide will help any user or investor interested in purchasing and storing the Fantom token.

Fantom Price Predictions

With the growth which the Fantom token has shown since its launch and its increase in the number of holders and transactions, it is no surprise that the coin has drawn many investors’ attention and interest, with many wanting to know the future of the token.

Here is the price prediction of the Fantom token from some renowned platforms in the crypto world and financial industry:

• PricePrediction has given a prediction of up to $3.79, a clear increase of 51% on the coin in the year 2022. There is still some belief that the Fantom toke will make it up to the $4.28 mark in the given year, but this is optimistic as implied by the PricePredition platform.

• WalletInvestor has a price tag of $4.68 on the Fantom token, which is a clear 87% increase from its current price, which is just a little above $2 in the crypto market as of writing this article. The platform has outlined that the last 30 days as regards the Fantom token has shown a serious bullish trend, and this can affect the token in 2022.

• CryptoNewz, another valid crypto prediction platform, has pegged the price of the Fantom token at $3. This is an apparent 20% increase in the price of the token. The prediction platform believes that the strong community backing the Fantom token will affect the price and growth of the token in the crypto market.

What are your thoughts on the Fantom coin price prediction in 2022? Share your opinion using the comment box below.

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