Price Fantom (FTM)
Fantom (FTM) is a blockchain platform, based on smart contracts and an open source network. It is one of the many crypto platforms built to provide an alternative to Ethereum (ETH) technology. For additional information about the origin, use and advantages of Fantom, you can access the "About Fantom cryptocurrency" page.
Fantom cryptocurrency (FTM) - price fluctuations
As in the case of traditional investments, an overview must be formed that aims at possible losses or profits. In order to be able to discuss the price of the cryptocurrency, it must be specified that the price represents the monetary cost of a Phantom. At the same time, it should be noted that the demand for Fantom is an increasingly significant factor, because the cryptocurrency is also traded outside the normal schedule of stock exchanges. With an overview of cryptocurrency, investors can trade calculatedly and take advantage of price fluctuations.
What determines the price fluctuations of the Fantom cryptocurrency?
Fantom's price fluctuations are influenced by a number of factors:
Demand and supply - Fantom cryptocurrency (FTM)
Considering the traditional economic concepts, if the demand is high, the Fantom(FTM) price will increase. Conversely, if the demands are reduced, the price of the cryptocurrency falls. Demand is influenced by a variety of factors, such as media attention, the global economy and financial regulations.
The Fantom digital currency was designed so that there is a limited number of units in circulation. This protocol generally corresponds to the price increase, because it means that the supply of the cryptocurrency is reduced. This fluctuation results from the traditional economic concept that dictates that when demand is greater than supply, the price rises.
Popularity and media attention for Fantom(FTM) cryptocurrency
The popularity of the Fantom cryptocurrency is a major factor influencing the price. Simple curiosity about cryptocurrencies leads to high investments, which affect the market price. At the same time, the price is influenced by announcements from state authorities and companies in the field. The phenomenon of FOMO (fear of missing out) can be created around these situations, which is represented by investors' fear of missing the moment of entering the market. To avoid the feeling of FOMO, investors need to educate themselves about the real factors that determine the Phantom price.
Phantom Economy and Ecosystem (FTM)
The economic risks of the states are another aspect that can lead to an increase in the price of the Fantom cryptocurrency. Especially in countries with high inflation, people are turning their attention to new methods of protecting money, a fact that can influence the value of Fantom.
Phantom Price - Frequently Asked Questions (FAQ)
What blockchain does Fantom cryptocurrency use?
A native Blockchain based on the FTM cryptocurrency
Cum minez fantom cryptocurrency?
It cannot be mined because it uses different protocols compared to Bitcoin and other cryptocurrencies that can be mined.
What is the highest Phantom price in EUR?
The highest Fantom(FTM) price was recorded at EUR 2.8.
How can I buy Fantom at the best price?
The fastest and most advantageous way to buy Fantom is on the Tradesilvania.com platform at the live Fantom price displayed in the Tradesilvania user account 24/7.
What is the Phantom price today?
The Phantom price varies several times per second in the platform and the instant price is available in the user account. Daily purchase limit (Phantom Limit Order is 1,000,000 EUR/transaction).
Knowing the causes that influence the price of the Fantom (FTM) cryptocurrency makes it easier to understand the fluctuations. If you have evaluated every economic factor and want to invest in Fantom (FTM), create an account on Tradesilvania and transact in a fast and safe way.