After the May crypto market crash, August came in with some new bull runs and significant price rallies for several cryptocurrencies. Fantom (FTM), a decentralized blockchain platform focused on promoting the development of decentralized applications (dApps) and digital assets, started grabbing the attention of investors in this surge.
The smart contract platform has been one of the crypto market’s star performers recently. Investor’s search for cheap and potential altcoins led them to buy FTM, and the asset’s price started surging higher. But apart from the price rise, why Fantom will skyrocket in 2022? Let us find out.
Why Invest In Fantom?
FTM is a good buy now as Fantom is one of the fastest-growing blockchain platforms in the market today.
Fantom has grown multifold, surpassing several other crypto rivals after plunging below earlier this year. FTM’s bullish rally seems to get stronger every passing day, thanks to the growing user adoption in the network. The crypto has also collaborated with numerous leading blockchain projects like Chainlink, Raviton, and Band Protocol, skyrocketing its price to new heights.
People can buy FTM and use it for various purposes like staking, governance, and payments throughout the network. Fantom has received strong support from reputed investors like Alameda Research and HyperChain Capital.
Is Fantom Going To Skyrocket In 2022?
With numerous projects built on its network, Fantom is one of the most popular cryptocurrencies to buy now.
A massive dApp adoption through 2020 and 2021 has driven the price of Fantom to skyrocket to record highs. According to their tweets, the Fantom network is rapidly growing with over 10,576 smart contracts deployed on it, and more than 40+ projects have deployed their dApps to Fantom. Moreover, Fantom’s guaranteed transaction slots concept makes it highly suitable for enterprise-grade dApps.
A significant factor that makes Fantom unique from its competitors is its network fundamentals. The network was designed with an innovative model based on the Directed acyclic Graph (DAG) smart contract technology, which significantly boosted its scalability. It also uses Lachesis, a Proof-of-Stake (PoS), Asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism, that processes faster transactions ensuring high security.
Therefore Fantom’s potential lies in its blockchain algorithm. The fundamental focus of this cryptocurrency is its programmability. This permits users to benefit from a digital money perspective and use Fantom for all the marketplace transactions like financial services, apps, games, and many more which can be built on the platform.
Furthermore, it aims to solve the blockchain trilemma by offering high speed, security, and scalability. Along with tackling the challenges of older blockchain projects, it also strives to build an infrastructure for a more democratic and efficient future with new upgrades, making Fantom the best cryptocurrency worth watching in 2022.
Check Out: Will Fantom Make Me Rich In 10 Years?
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Factors That Skyrocket Price Of FTM To New Heights
Fantom has become one of the top altcoins in the market today, thanks to a series of high-profile partnerships and network updates.
A key reason why Fantom will skyrocket in 2022 is the growing interest from several institutions and its major network updates. For instance, earlier this year, the Fantom community voted to reduce the required FTM to run a validator node 1,000,00 FTM, driving more adoption.
Here are some of the major collaborations and few network developments that Fantom has undergone.
The Fantom Go-Opera Upgrade
This is the largest protocol upgrade to date on Fantom, which was rolled out in April 2021. It was intended to enhance the network’s performance and reliability. The upgrade brought in faster finality, synchronization, and easy rewards claiming process to the network. The Time-to-Finality is reduced to one second, and the network can process almost 300,000 transactions per day. By launching Go-Opera Fantom has marked an invaluable contribution to the blockchain, driving its adoption rate.
HyperChain’s $15m Investment Into Fantom
The launch of Go-Opera was followed by a $15 million investment into the Fantom network, by HyperChain Capital, a digital asset management company focused on blockchain projects. The project has now acquired an additional stake in the Fantom ecosystem by buying FTM.
HyperChain already has an initial investment of $2.5 million made in 2018, in the network. Therefore, the additional backing shows the project’s confidence in the blockchain’s core technologies and Fantom’s growing adoption rate.
Collaboration With Bware Labs
Yet another key reason for FTM to skyrocket in 2022 is the Fantom Foundations announcement of the partnership with the leading blockchain endpoint provider Bware Labs to promote the growth of its network infrastructure. Bware now supports Fantom mainnet and testnet, offering builders an efficient way to connect to the blockchain without wasting the time and money needed to engineer and maintain a node.
Developers can now seamlessly leverage Fantom’s high speed and near-zero gas fees to power applications. This will eventually boost the adoption of the network, skyrocketing FTM’s price to significant highs.
Partnership With Scuderia AlphaTauri
Fantom is one of the most popular cryptocurrencies today, thanks to its recent collaboration with Alpha Tauri for the Formula One™ 2021 season. This partnership will allow Fantom to use the team’s established platform to promote its staggering growth on a global scale. The Fantom logo will be displayed on top of the halo of the AT02, both at the Monaco and Abu Dhabi Grands Prix. Furthermore, Pierre Gasly, the racing driver, will continue his position as the Brand Ambassador for Fantom, displaying the logo on his cap in the entire season.
The Scuderia AlphaTauri Team Principal, Franz Tost, said, “As a team working at the pinnacle of motorsport, we’re always interested in new, innovative technologies, and Fantom shares with us a constant hunger for success, which put them at the forefront of the blockchain industry while operating sustainably. We are pleased to support their continuing growth on a global scale, and I look forward to seeing the Fantom logo displayed on our cars as we race through the streets of Monaco.”
Why Fantom Will Skyrocket: Expert Predictions
Crypto analysts expect the price of FTM to skyrocket to significant highs by 2022.
Investors and crypto experts predict that Fantom (FTM) is expected to keep the bullish trend and will significantly skyrocket in 2022. According to Wallet Investor, Fantom could be a profitable investment option for long term investors. A long-term price increase is expected for FTM. As per Fanton price prediction, the FTM price is expected to reach $18 by 2026.
Crypto experts predicts that the price of Fantom is expected to reach a minimum level of $1.59 and a maximum level of $1.77 by the end of 2022. While experts from Trading Beasts forecast the price of FTM to hit $2.55 by the beginning of December 2022.
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Should You Invest $1,000 In FTM Right Now?
Thanks to the rise in popularity of DeFi Fantom would grow exponentially in the future, making now the right time to buy FTM.
A key reason why FTM’s price will skyrocket is that several investors believe that the platform has the potential to become a major challenger to Ethereum. The network also aims to provide real-world applications of its platform in industries like pharmaceuticals and education, boosting the investability quotient of FTM.
People opt for cryptocurrencies that are fast, secure, affordable, and have massive growth potential. And Fantom checks all these categories, which is why investing in FTM now could be the right decision. Moreover, Fantom has set the groundwork for a digital financial system with a strong focus on eco-friendly technology and sustainability.
The Bottomline
Therefore, Fantom has thus emerged as a leading cryptocurrency in 2021 with its innovative technology, significant partnerships, and upgrades, which is why FTM will skyrocket tremendously in the coming decades. It is also a valuable and sustainable investment option for long term investors to gain good returns over the long run.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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