Fantom intends to differentiate itself from traditional block ledger-based storage infrastructure by attempting to use an improved version of existing DAG-based protocols.
FTM tokens are Fantom’s own cryptocurrency. To maintain consensus, the Fantom platform uses a new protocol known as the “Lachesis Protocol.” This protocol is intended to be integrated into the Fantom OPERA Chain. The goal is for applications built on top of the Fantom OPERA Chain to support instant transactions and near-zero transaction costs for all users The system is built on a vast network of blockchain-powered networks. As new users join, each network operates independently, allowing the entire system to increase in speed and scalability. Let us review FTM price.
FTM Price Prediction
Bullish Scenario: If FTM manages to break above the resistance level at $1.9564 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $2.3865. Breaking above the $2.3865 price level with significant buying volume will lead to a good chance of crossing above $2.7555.
Bearish Scenario: FTM has been in a downtrend channel since the last month. And If the support level $1.7497 doesn’t hold then it will hit $1.5817, $1.4412 and below sooner or later.
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