Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
What Is๐ Fantom ( FTM ))๐? The Fantom Foundation was founded by South Korean computer scientist Dr . Ahn Byung Ik. Currently, the platformโs CEO is Michael Kong,its a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM , Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
โ๏ธWhy Fantom? Speed, security, scalability Fantomโs aBFT consensus protocol delivers unparalleled speed, security, and reliability. Enjoy almost instant transactions and extremely low fees. Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
coinmarketcap --fantom.foundation ------------------------------------------------------------------------------------------------------------------ โ TECHNICAL ANALYSIS As you can see in the Weekly time frame chart for FTM/USDT, the price is trading around 0.31 $ .
The Phantom, like many other currencies it has faced by decrease , it has been able to form a triangle from so far ago , which it can continue its uptrend way in this area until end of year . in which case it should cross the red ema21 as resistance . Of course, it should go down to green support zone and after a rebound then grow, which is another dependence on the market Cycle. -------------------------------------------------------------------------------------------------------------------- ๐ฅ(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .) ๐ซ(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.) --------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion and you are responsible for your own trades or invests.๐ฏ ๐with Best Regards and successful tradesโค๏ธ ๐ if you're a fan of my analyses give a big thumbs ๐ and drop a comments ๐ฏ๐ญ