Fantom Hits Market Cap of $1.95 Billion (FTM)

Fantom (FTM) traded 0.7% lower against the dollar during the 1 day period ending at 9:00 AM ET on August 25th. Fantom has a total market capitalization of $1.95 billion and $46.27 million worth of Fantom was traded on exchanges in the last 24 hours. One Fantom coin can now be purchased for approximately $0.70 or 0.00000744 BTC on popular exchanges. Over the last week, Fantom has traded down 13.7% against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.9% lower against the dollar and now trades at $112,456.77 or 1.00722911 BTC.
• SolvBTC (SOLVBTC) traded 2.8% lower against the dollar and now trades at $111,341.45 or 0.99708729 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• P2P Solutions foundation (P2PS) traded up 9% against the dollar and now trades at $421.53 or 0.00377486 BTC.

Fantom Profile

Fantom launched on June 16th, 2018. Fantom’s total supply is 3,175,000,000 coins and its circulating supply is 2,803,634,836 coins. Fantom’s official Twitter account is @fantomfdn and its Facebook page is accessible here. The official website for Fantom is fantom.foundation. The Reddit community for Fantom is https://reddit.com/r/fantomfoundation and the currency’s Github account can be viewed here.

According to CryptoCompare, “FANTOM is a new DAG-based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based protocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near-zero transaction costs for all users. The mission of FANTOM is to provide compatibility between all transaction bodies around the world and create an ecosystem that allows real-time transactions and data sharing at a low cost.”

Buying and Selling Fantom

It is usually not currently possible to buy alternative cryptocurrencies such as Fantom directly using U.S. dollars. Investors seeking to trade Fantom should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Fantom using one of the aforementioned exchanges.

FTM/USD price chart by TradingView