Is Fantom A Good Investment?

Last Updated February 1st 2022

16 Min Read

The majority of internet-savvy people on earth today understand that investing in cryptocurrencies can be very profitable. Experienced traders and investors also understand that the cryptocurrency universe is a very tricky place. While it is possible to make a lot of money when you invest right, it is also possible to lose a lot of money once you make a single mistake.

In spite of the risks involved in cryptocurrency trading, many are taking to it. While many are losing money, many are also making a lot of money. Mostly, it is all about choosing the assets you want to back carefully. You need to question every digital token you intend to buy, which is why we are taking up the question: is Fantom a good investment?

If you are an experienced player in the online trading and investment world, you will know that there are no "one-word" answers to questions like the one we are treating here. Fantom can be a good or a bad investment, depending on how you choose to look at it.

It is always best to consider different aspects of any cryptocurrency before deciding whether it is a good investment or a bad one. Again, what Mr A considers a good investment may not work out well for Mr B, which is why it is important that you make your own investment decisions.

To help you decide whether Fantom can be a good investment for you, we will discuss the most important things you need to know about the Fantom platform and its native currency FTM. We will provide the right information you need to make a sound decision in an organized and logical manner. All you need to do is read carefully with an open mind and be bold to take a decision in the end.

Content:

Fantom: What Exactly Is It?
Who Invented Fantom And How Was It Created?
Does Fantom Solve Any Problem?
What You Need To Know About the Fantom Token (FTM)
Is Fantom A Good Investment?
Pros and Cons of Investing In Fantom
Is This A Good Time To Buy Fantom?
What Does The Future Hold For Fantom?
Can Investing In Fantom Make You Rich?
How Does Fantom Rank Among Good Cryptocurrency Investments?
Should You Invest In Fantom Now?
How Do You Invest In Fantom?
Final Words

Fantom: What Exactly Is It?

Fantom is a decentralized, permissionless, open-source smart contract project that provides a robust platform for building customized decentralized applications (Dapps) and non-fungible tokens (NFT). It is one of the few platforms that allow developers to create their own projects and digital assets. It is a sort of an alternative to Ethereum and has been described in some quarters as Ethereum-killer.

Just like Ethereum, Fantom is a recognized platform that provides decentralized finance (DeFi) services to developers and businesses. It utilizes a directed acrylic graph (DAG) willing to complete projects with its bespoke consensus algorithm.

As a project, Fantom was started with the creation of the Fantom Foundation. The Foundation, from the early days, was tasked with creating the infrastructure for a more democratic and efficient future in the DeFi arena. One of the primary goals in the early days was to overcome some of the major challenges of older blockchain projects like Bitcoin.

Like other cryptocurrency projects, Fantom has a digital coin that facilitates transactions within the blockchain. This native currency is also the investment vehicle you will buy at the end of the day. Fantom token trades under the ticker symbol FTM. Recently FTM has grown significantly in value and popularity.

Who Invented Fantom And How Was It Created?

As mentioned earlier, the Fantom project was started with the creation of the Fantom Foundation. The project was initiated by a South Korean computer scientist, Dr Ahn Byung Ik. From the early days, Byung engaged several experts from different disciplines to execute the project. He served as the first CEO of Fantom, but the role has since been relinquished to Michael Kong.

Prior to working on the Fantom project, some of the team members have had extensive experience in the field of full-stack blockchain development. Instead of relying on the infrastructure of other platforms like Ethereum, they embarked on building a blockchain for Fantom from the scratch. Of course, they succeeded.

The Fantom blockchain was not built just like another blockchain out there. The team focused on creating a smart contract platform that will offer such privileges as improved scalability, decentralization, and security. Their success resulted in an advance smart contract platform with lots of perks that are attracting many informed developers.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Does Fantom Solve Any Problem?

From some of the statements in the previous paragraphs, you can tell that Fantom solves some key blockchain problems. In fact, it solves the ultimate blockchain trilemma – scalability, decentralization, and security.

Considering that Fantom was built to work like Ethereum, does it solve any problem in this regard? The simple answer is yes, Fantom tackles a good number of the problems faced by Ethereum users and developers. The experienced team has succeeded at creating a scalable, decentralized network without compromising security.

Though Fantom still has a long way to go to command the respect Ethereum commands, it has been described as an Ethereum killer. It offers advanced smart contracts capabilities and provides near-infinite scalability and instant transactions at the minimal possible cost.

What You Need To Know About the Fantom Token (FTM)

As we all know, a cryptocurrency platform is never complete without a native currency to facilitate transactions within and outside its network. The Fantom token is an integral part of the network and one of the major reasons we are even discussing Fantom.

As a native currency of an advanced smart contracts platform, FTM is not like every other cryptocurrency out there. It serves a handful of important functions, including acting as the governance token and being used for settling network fees, making payments, and staking.

Fantom (FTM) is originally a proof-of-stake (PoS) token. However, it exists in several incarnations. The Fantom platform is compatible with Ethereum, so there is an ERC-20 standard FTM that users and developers can purchase with they are working with or interacting with Ethereum and Ethereum-based projects.

Fantom (FTM) also has a version that is exclusive to the Binance Chain and uses BEP2 standard. The different versions of FTM are as valid and valuable as the native coin, but they are not really used on the platform. Only the native FTM can be used on the Fantom OPERA mainnet. However, the other versions are automatically converted to the native FTM once they get to the native Fantom wallet.

Is Fantom A Good Investment?

Fantom, as a cryptocurrency platform, is an incredible project with lots of potentials. But does that make the Fantom token a good investment vehicle? To an extent, the answer to the question above is “yes.” There are several reasons to believe that Fantom is a good investment, but there is no need to jump to a conclusion yet.

The nature of the Fantom platform makes it an attractive project. Curious developers started working with Fantom a few years ago. At the moment, most developers have nothing but praises for the platform. A lot of projects have been created on top of the blockchain and many more will be created.

As we have highlighted earlier, Fantom is recognized as an advanced smart contract platform. The implication is that it has the potentials to contribute significantly to the fast-growing DeFi subsector. As most of us understand, DeFi is going to be so big in the future, and Fantom is poised to play a major role in the industry.

It is also safe to consider Fantom as a good investment based on the performance of the token. As you know, the Fantom token (FTM) is your ticket to investing in Fantom as a regular cryptocurrency trader or investor. So far, the token has not disappointed. Yes, it has shown signs of volatility, but that is common with every cryptocurrency.

In recent times, the value of FTM has witnessed unprecedented growth. Following the declaration of investment in Fantom worth $15 million by the Singapore-based Hyper Chain Capital, Fantom is literally ruling the exchange. This year alone, the price of FTM has risen by 9,710%.

Though there are many wonderful reasons to believe that Fantom is one of the best cryptocurrencies to bank on at the moment, there are also reasons to tread cautiously. FTM is just as volatile as other cryptos. Things are quite rosy now, but something huge can happen in a few months’ time, and the market trend may change.

Read Also: Is Fantom Worth Investing?

Pros And Cons Of Investing In Fantom

Sometimes, the best way to decide whether to invest in Fantom or look for alternatives is to consider the pros and cons of making the investment. Here, we will highlight the pros and cons of investing in Fantom:

Pros

✅ Fantom is growing rapidly, and your investment will grow with it.

✅ Fantom is a highly secure platform, so you can invest with peace of mind.

✅ Fantom is becoming a reputable part of DeFi, and that means a lot of growth in the near future.

✅ Fantom’s advanced smart contracts mean it will continue to attract new users and developers.

✅ Fantom FTM is still selling for a little over $2 – the value is likely to explode further soon.

✅ FTM can be staked for rewards – you can earn passive income while holding your investment securely.

Cons

❌ Fantom is a volatile investment vehicle (just like every crypto).

❌ Fantom is a relatively new cryptocurrency, hence a little riskier.

❌ Fantom faces big competition from the extraordinary Ethereum and similar platforms.

Is This A Good Time To Buy Fantom?

Knowing that a cryptocurrency platform is great and the native token is doing fine doesn't really mean you should jump in with a heavy financial commitment. You need to get it right with timing if you want to play safe and improve your chances of making a reasonable profit. So, is this a good time to invest in Fantom?

From all indications, this appears to be a good time to invest in Fantom. Those who invested earlier have already started reaping the benefits of early investments. However, it is not too late to get in and make a killing. FTM is still trading for a little over $2, but many predict that it will explode further, rewarding investors massively.

There is a good chance that the price of Fantom may double in less than 24 months. There are positive predictions that Fantom can reach $10 as early as 2027 (five years from now). It is possible that Fantom will even perform better. This is a great time to buy Fantom, especially if you are planning to invest for the long term.

Check Out: Will Fantom Make Me Rich In 10 Years?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Does The Future Hold For Fantom?

If you have followed our discussion diligently, then you should be able to answer this question with a level of certainty. From all indications, the future of Fantom seems really bright. The platform is great and attractive. It is in a great position to contribute significantly to the growing DeFi subsector, and that means a lot of activities on the blockchain.

Once the Fantom blockchain is blossoming, nothing will stop the token FTM from being an in-demand cryptocurrency with huge market value. Unless something really bad happens, the future is bright for Fantom, and investors can expect their investments to grow bigger.

Fantom FTM is poised to become a popular and widely available digital coin. Already, it has different incarnations that work together to make usage easier. With time, FTM will become one of the most popular coins, and that will mean a lot for investors and potential investors. Even regular cryptocurrency traders will likely benefit from what Fantom offers.

Can Investing In Fantom Make You Rich?

Yes, investing in Fantom can make you rich. However, this is not an assurance that you will become rich by buying FTM. Though the token and its blockchain are looking promising, there is something about the cryptocurrency universe that makes predicting the outcome of investments challenging.

Your chances of becoming rich by investing in FTM depends on a number of factors. For a start, we hope that Fantom will build on the momentum it has already generated. The platform solves key problems, but it will need to attract more developers to boost activities on the network.

Already, Fantom has attracted some key investors, including HyperChain Capital and Alameda Research. The involvement of these entities has already created some ripples in the market. More capable investors will boost the value of the token further, and that means more money for regular investors too.

How Does Fantom Rank Among Good Cryptocurrency Investments?

Real investors often compare investment vehicles when they want to make a reasonable investment, so it is not a bad idea to check how well Fantom ranks among popular digital coins.

Fantom is currently the #29 ranked cryptocurrency by market capitalization. The market capitalization, at the time of writing this piece, is $5,342,879,855. Overall, this is a decent rank for a cryptocurrency that was launched less than four years.

Ranking based on market capitalization alone does not paint the perfect picture of the potentials of a coin. There are other factors to consider when you want to choose digital coins to invest in. Fantom is trending for good reasons. It stands among the very best cryptocurrencies to buy at the moment when you consider the price, the recent performance, and the future. If all the important factors that determine the viability of an investment vehicle is considered, Fantom can easily rank among the top ten cryptocurrencies to buy in 2022.

Don't Miss: Why Fantom Will Skyrocket

Should You Invest In Fantom Now?

This question deserves a very simple answer: yes, this is just like the best time to invest in Fantom. We have stressed that Fantom has an incredible blockchain and has attracted many happy users and developers. We have also stated that Fantom (FTM) is a dynamic token with many attractive qualities.

If you have followed attentively, you will also know that we have predicted that the price of Fantom can climb further in the coming months. Overall, this seems like a good time to jump into the wagon and make a reasonable investment in Fantom. However, you have to remember that playing cautious is recommended in the cryptocurrency market.

How Do You Invest In Fantom?

Investing in Fantom doesn't mean you have to start developing projects on the platform. The regular investor focuses on the token (digital currency) and only looks at the nature of the platform while trying to determine the viability of the project and the security of investment.

To invest, you simply need to buy Fantom from trustworthy sources. You can decide to store your newly acquired asset in any digital wallet of your choice. Fantom has a unique wallet, most people choose to store their assets in a multi-token wallet.

But then, where can you buy Fantom FTM with ease? eToro is definitely one of the best platforms to buy cryptocurrencies and other assets, and Fantom is available on the platform. As a full-service brokerage, eToro offers users several benefits. It is more secure than traditional crypto exchange and offers other perks that make investing in cryptos easier and more profitable.

Final Words

Fantom is one of the cryptocurrencies that are making waves now. But is the coin really worth all the hype? In other words, is it a good investment?

We have answered the question in the most detailed manner, giving potential investors all the information they need to make a sound decision about investing in the coin.

From all we’ve discussed, it is evident that Fantom is poised to reach new heights real soon. Obviously, it is a good investment and can make you rich if you invest the right way.