Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
What Is🌟 Fantom ( FTM ))🌟? The Fantom Foundation was founded by South Korean computer scientist Dr . Ahn Byung Ik. Currently, the platform’s 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.
❇️Why Fantom? Speed, security, scalability Fantom’s 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 ------------------------------------------------------------------------------------------------------------------ ✅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. -------------------------------------------------------------------------------------------------------------------- 💥(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 .) 💫(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.) --------------------------------------------------------------------------------------------------------------------
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