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

FTM price

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.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.


The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.