When it comes to the cryptocurrency market, many investors solely focus on the main tokens such as Bitcoin and Ethereum. With so many altcoins available, it’s hard to figure out which ones are worth your investment.
One of the most underrated altcoins to consider is Fantom. This is a newcomer to the cryptocurrency market but it serves a great purpose that investors should keep an eye on.
This guide to Fantom will introduce you to how it works and why you should consider buying it.
What is Fantom? Here’s what we have to say:
What Is Fantom?
Fantom is a blockchain platform and cryptocurrency that focuses on initiating smart contracts. This technology has already gained importance in the era of remote work and is likely to keep growing.
You want to ensure that you can sign a contract with another party that gets recorded on a blockchain. This ensures that you have a reference in the case of legal disputes.
You’ll have to buy Fantom coins in order to use this particular blockchain. Fantom works in the DeFi ecosystem, which will become more popular in the coming years.
DeFi stands for Decentralized Finance, which is a financial system that operates without needing to be tied to a state’s financial system. This lets you conduct transactions without needing to deal with your country’s fiat currency or central banks.
Why Buy Fantom?
So, what are the other advantages of adding Fantom to your cryptocurrency portfolio?
One of the biggest current advantages of Fantom is its low price. It’s fluctuated, but has remained under $1 per token. This makes it ideal for accumulation to sell for a higher price at a later stage.
Growth trajectory is likely to be slow, as is the case for most altcoins. However, as smart contracts become a crucial aspect of digital businesses, one can expect Fantom to become more popular.
As a result, Fantom is having the same moment that Bitcoin had a decade ago. Many investors will dismiss Fantom as a fad that might not go anywhere. But it’s possible that within a few years, the price might go above the average buyer’s reach.
This is a strong reason to consider buying Fantom. It can bring you a lucrative income within a few years time. If the price does increase, then it means that Fantom has become more popular.
It’s easy to buy the cryptocurrency and to trade it for other tokens. You can also sell it for fiat without any issues.
Get Your Hands On Fantom
Now you know what is Fantom and why this is a great investment for your cryptocurrency portfolio.
It works as a blockchain platform that helps enable smart contracts between businesses and individuals. It’s great for working within the DeFi ecosystem and opting out of the mainstream financial system.
At the moment, it’s at a lower price, which means that it’s easier to get in. In the future, one might expect the price to rise as Fantom becomes more popular.