Before we delve into why this cryptocurrency makes such an attractive investment, it may be helpful to understand what the Fantom network is. Fantom is a DAG-based smart contract ecosystem for dApps.
It was designed to address current public distributed ledger scalability challenges and offers a cheaper and more efficient way to conduct transactions. Here are five reasons why you should invest in Fantom.
Here are five reasons why you should consider buying the Fantom token in 2022.
Due to Fantom’s speed and affordable fee structure, the DeFi ecosystem has evolved rapidly. You can check Fantom’s Total Value Locked (TVL) to understand how quickly this ecosystem has expanded.
TVL is the measure of the overall value of coins held within decentralized applications (dApps) on a platform or network. It simply indicates how much money is stored in dApps on a network through procedures such as farms, liquidity pools, and staking.
Fantom’s TVL was $373,203 in April 2021, and it increased to almost $7 billion in January 2022. That’s an increase of 18,756 times in under a year!
SushiSwap, an Automated Market Maker (AMM) on the Ethereum network and the Decentralized Exchange (DEX), has also debuted on Fantom, allowing traders to benefit from minimal costs and rapid payouts.
Harry Yeh said during the Fantom Developers Conference in 2021 that Fantom was working on a Binance Cloud-powered platform for Fantom coins.
With a comparable UI and more liquidity, this exchange promises to make the trading of Fantom-based tokens a lot easier.
To ensure that users have better trading experiences, Fantom’s new exchange will offer FTM pairs for each token and will facilitate the usage of high-frequency trading robots.
Any blockchain platform’s growth and adoption are dependent on the presence of an extensive and active community. There are currently $1.6 million different addresses in the Fantom community, with approximately 13,300 new addresses added every day.
On the Fantom network, more than 750,000 average transactions occur daily. January 2022 saw more than 1 million transactions, which is evidence of the growth of this cryptocurrency.
Fantom has attracted significant funding, which includes a $35 million investment from Alameda Research. This company is a prominent trading and investment organization.
The network has also received funding from other notable blockchain and cryptocurrency investment firms, including:
As per PricePrediction, Fantom is predicted to hit a high of $12.09 by 2025 and a whopping $66.15 by 2030.
The price of one Fantom token was $1.061 on March 15th, 2022, and you would have received 94.290 FTM if you had acquired $100 worth of Fantom tokens.
By March 2027, the price of a Fantom coin, according to Wallet Investor, will be $11.831. Based on that forecast, the return you might expect after holding your coins for five years is roughly 1015 percent!
The Fantom ecosystem is growing every day, and now is the best time to join this network. If you are looking for another way to become a part of this growing community, why not join the Hector Finance Project? Follow our website or contact us to learn more about this up-and-coming Fantom project!