Fantom Coin (FTM): Everything You Should Know
Fantom (FTM) is the native token of the Fantom network, a smart contract blockchain platform that allows DApp development. The network is among a few blockchain networks giving the Ethereum blockchain a run for its money. It is one of the best alternatives to the Ethereum blockchain.
The FTM token
The Fantom (FTM) token is the native utility token of the Fantom blockchain. It powers the entire Fantom blockchain ecosystem. Holders of the tokens can use them for staking, payments, transaction fees, and governance.
FTM tokens are available as ERC-20 tokens and BEP-20 tokens, meaning there are versions of the tokens that conform to Ethereum and Binance Smart Chain token standards.
FTM tokens have a total max supply of 3,175,000,000 FTM coins. According to Coinmarketcap, there are currently (24th July 2022) 2,545,006,273 FTM coins in public circulation.
Coinmarketcap ranks FTM coins as the 56th largest cryptocurrencies in the world with a live market cap of $861,038,478. Each FTM coin is currently worth $0.338325.
Where to buy FTM tokens
FTM tokens are listed in several crypto exchanges including Binance, Kraken, Gemini, Bitfinex, Binance.US, Crypto.com, FTX, Bybit, KuCoin, OKX, and Gate.io. The coins can be bought directly with fiat currency where they are listed.
Where to store FTM tokens
You’ll need a compatible crypto wallet before you can buy FTM tokens. The tokens can be stored in various crypto wallets including fWallet, which is Fantoms Official Wallet, MetaMask, Trust Wallet, Math Wallet, and Coinbase Wallet.
Besides hot wallets, FTM tokens can also be stored in cold wallets (hardware wallets). Ledger Nano is the most preferable hardware wallet for FTM token storage.
FTM coins price predictions
As of the time of writing, Fantom GBP exchange rate is 0.285643 GBP. The price is calculated based on rates on 70 exchanges and is updated live every few seconds.
In the last 24 hours, the FTM GBP price has increased by 8.24%.
Fantom GBP has seen a lot of success in recent months, and its price has increased by over 1000% since December 2020.
Several crypto prediction platforms see FTM coins as good long-term investment. WalletInvestor and Gov.Capital also see a promising future for FTM coins.
According to WalletInvestor, FTM coins may trade at $4.486 by the end of 2025. Gov.Capital predicts that the coins may reach a maximum value of $3.602 by the end of 2023 and $9.048 by the end of 2025.
Digitalcoinprice and Coinpedia aren’t as optimistic as WalletInvestor and Gov.Capital but they still predict price appreciation for FTM coins. According to Coinpedia, FTM coins may start trading above $1 by 2024. Digitalcoinprice predicts the coins may still be trading under $1 by 2025 but at $0.75 per coin.
FTM coins may not be get-rich-quick crypto coins but many investors agree they are a great option for long-term investment. Considering what the Fantom network has to offer and is working on, the coins can get the push they deserve to earn well in the future. Note that this is not financial advice but the opinions of the author. Before investing in any cryptocurrency, always take the time to do your research.
Author: Jay Jackson
Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.