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Fantom [FTM] Review and FTM Price Prediction 2021

What’s special about Fantom (FTM)? As an avid follower of projects based on different cryptographic protocols, with the blockchain being the first of its kind, I get excited when projects from the ICO era show promise. One such promising project is Fantom, a fast, high-throughput open-source smart contract platform focusing on digital assets and Decentralized

The post Fantom [FTM] Review and FTM Price Prediction 2021 appeared first on Coingape.




What’s special about Fantom (FTM)?

As an avid follower of projects based on different cryptographic protocols, with the blockchain being the first of its kind, I get excited when projects from the ICO era show promise.

One such promising project is Fantom, a fast, high-throughput open-source smart contract platform focusing on digital assets and Decentralized Applications – Dapps.

Fantom prides itself in its speeds giving close to instant transactions, security, and scalability at a low fee.

Unlike most projects in the space that developed their solutions on the blockchain that has revealed several drawbacks, with scalability being a major one, Fantom is one of the few projects in the space that chose a different route.

Fantom built its infrastructure using a different variant of distributed ledger technology known as the Directed Acyclic Graph DAG network, which scales better and more secure with more users onboard.

Founded by the South Korean computer scientist Dr. Ahn Byung Ik in 2018, the Fantom Foundation oversees the Fantom project deliverables.

Fantom’s Opera Mainnet V0.1 was launched in 2019 with future improvements to come.

Fantom – Opera Core Layer

The Fantom network’s base layer responsible for managing consensus across the nodes in the Lachesis Protocol.

It allows for asynchronous processing and confirmation of Transactions using a Directed Acyclic Graph DAG network.

Unlike blockchain solutions, transaction data does not have to be saved on every node. Using the DAG network, transactions are validated using particular nodes, dubbed a witness node.

Validating nodes are elected using a Delegated Proof of Stake to reach consensus.

Fantom FTM opera Layers

  • Fantom – Opera Ware Layer

Sitting at the center of the protocol is the Opera Ware layer with functions such as reward issuance, writing Story Data, and payments.

  • Fantom – Opera Application Layer

As the top layer holding publicly available APIs, developers can quickly develop decentralized applications DApps and get them to interface with the Opera Ware layer.

Smart contact and transactions store a small chunk of data called the Story Data, allowing for easy data tracking.

With Fantom’s Story Data, developers and users can track the entire transaction history, compared with Ethereum with a limitation on tracking past transactions.

The Story Data functionality is valuable in health care and supply chain management, where data is perpetually stored.

What is the Future of Fantom (FTM)?

  • Ongoing Development on the Fantom Github, Progress made so far

Fantom PWA wallet



Genosis front

Fantom Graph api

It’s not enough to get hyped up by videos on YouTube about a project. We have to dig into the progress made so far and what part of the Fantom project attracts more developer activities.

There’s no better part to inspect than each repository’s commit page on the Fantom official Github.

The insights above show that there have been more significant activities on the Fantom PWA Wallet, Fantom API GraphQL. PWA explorer, safe transaction service, and gnosis front, compared to the much-anticipated Fantom finance, Fantom Flend AAVE v2, and others.

It shows that the Fantom FTM token still has more upside potentials when the key DeFi features and other awaited features are implemented.

  • Fantom (FTM)’s 2020 Road map and 2021 AMA

Now, let’s track Fantom’s 2020 roadmap, which is segmented into Go-Lachesis, Smart contract & the Special-fee Contract, Lachesis API, Ecosystem tools, and further enhancements Fantom Ecosystem tools, Fantom Expansion, Middleware, and Business Development.

The 2020 road map shows that not all features of Fantom are completed as scheduled.

However, Michael Chen (Chief Marketing Officer at the Fantom Foundation) and Samuel Harcourt (Business Development) hosted an AMA on 12 January 2021 to clear the air on some of the online community’s questions.

Partnerships with Da Afghanistan Breshna Sherkat – DABS energy company in Afghanistan and the Ministry of Health project on pharmaceutical tracking are vital projects that the Fantom Foundation is currently working on as real-life use cases.

Fantom is being conservative with giving project timelines at the moment, considering the disparity in time between the traditional world and the crypto space.

Another exciting project mentioned during the AMA is the proposed development of the Afghanistan stock exchange.

The first question during the AMA was on a possible release date for the 2021 road map and the three main milestones.

To answer the question, Michael Chen stated that the foundation would rather be in a proactive position rather than a reactive position; thus, there is no fixed timeline as critical features such as Flend and Bridges are still in the development phase. Samuel added that moving the DABS pilot program to mainstream is critical for 2021, the Ministry of Health partnership, and the Afghan Securities Exchange. They emphasized that the project would lean towards working in the background rather than give specific dates.

A second question asked at the AMA was geared towards marketing and the Fantom Finance due date.

Michael Chen emphasized the need to have a finished and stable product delivered to power users before aggressively marketing to end-users.

The third question asked was how Fantom would gain market share after FantomFinance is released.

Michael answered by pointing at incentivized liquidity, taking Synthetics as an example.

The AMA’s last question was when REN, Bridge, and Synths on ETH will be launched on the Fantom network.

Chen mentioned that Fantom is an Ethereum virtual machine-based chain that supports the Solidity programming language, making for Ren’s easy integration.

Fantom (FTM)’s Competition analysis with similar projects

Some projects are similar to Fantom from a technology point of view, using the DAG – Directed Acyclic Graph Network. Such projects include Constellation –DAG, Hedera HashGraph, IOTA, and Nano, which also look into a use case in IoT.

Other similar projects from a consensus viewpoint and transaction speed include the Avalanche AVAX project and NEO, using a proof-of-stake POS consensus model.

Avalanch project shows a similar feature to Fantom as they support the Ethereum EVM and do not see themselves as Ethereum killers.

The most similar projects to the Fantom project are the constellation – DAG and Hedera Hash Graph.

In the end, there’s not going to be just one winner, and both Fantom and Avalanch protocol though their similar, still have a unique approach to bringing DeFi and IoT solutions.

Fantom enjoys both worlds as a DeFi launching platform and an IoT platform, a valid point to mention.

Fantom FTM Price Prediction

  • Fantom (FTM) Price Analysis: FTMUSDT Monthly Chart

Fantom FTM chart
Chart by Tradingview

The monthly chart shows how a buildup of the significant uptrend of the FTMUSDT, starting with an exit of RSI oversold and entering the RSI overbought area.

The uptrend will persist as long as the RSI hovers above level-30 through the current bullish impulse wave.

  • Fantom (FTM) Price Analysis: FTMUSDT Daily Chart

Fantom Chart
Chart by Tradingview

A bullish trend was established on the FTMUSDT daily chart upon exiting the RSI oversold area on 23 December ’20 and entering the overbought zone on 04 January ’21.

The relative strength index continued to trade above the RSI level-30 since then, and recently, hidden bullish divergence is signaled, confirming a continuation of the uptrend.

  • Fantom (FTM) Price Analysis: FTMBTC Daily Chart

Fantom chart
Chart by Tradingview
Fantom Chart
Chart by Tradingview

The FTMBTC daily view follows a similar path as the FTMUSDT, signaling a hidden bullish divergence, an indication that smart money is moving money from Bitcoin BTC and USDT into the FTM token.

Expert’s view on FTM price

In a recent podcast with the CEO of Binance exchange CZ, Mark Cuban has endorsed the Fantom ecosystem, bringing the network closer to mainstream adoption.

Cuban, famous for his Shark Tank investments, exposed some tokens in his DeFi/crypto portfolio, including Fantom-FTM.

Is FTM token a Good Investment for future?

Recently in the news, the cross-chain bridge with Ethereum by Yearn.Finance’s Andre Cronje made the transfer of ERC-20 tokens from Ethereum to Fantom possible.

The new milestone makes for a one to two-second confirmation of transactions on the Fantom network.

The working in the background approach by Fantom with the help of Andre Cronje seems to be paying off.

The future is bright for the Fantom network as a solution in the decentralized space and as an investment in its native FTM token.

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The presented content may include the personal opinion of
the author and is subject to market condition.
Do your market research before investing in cryptocurrencies.
The author or the publication does not hold any responsibility
for your personal financial loss.
Author: Sunil Sharma

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at)

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U.S. House of Representatives to Create Crypto Task Force Joining SEC and CFTC Members




The US House of Representatives passed a bill dubbed “Eliminate Barrier to Innovation Act of 2021” (H.R. 1602). The bill aims to create an entity predominantly made up of employees from two regulatory bodies, the US Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC), with the goal of overseeing cryptocurrencies together.

It has currently made its way to the Senate for approval, and if passed by the Senate, the bill will therefore effectively establish a digital asset working task force.

The bill is co-sponsored by Majority Leader Patrick McHenry (R-NC) from the House Financial Services Committee and Chairman Stephen Lynch (D-MA) of the FinTech Task Force. Republican leader McHenry said:

“What we need is a conversation between those two entities (SEC and CFTC) about the nature of digital assets and cryptocurrencies.”

McHenry remarked that often, with each agency separately ruling cryptocurrencies as either securities or commodities, a huge regulatory gap is often left for this emerging asset class, which is problematic and can be a hindrance to innovation. “American citizens are missing out on innovation and the upside of those innovations. This one of the few pieces of tech in the last 100 years that the U.S. has not been the drivers of,” remarked McHenry.

If passed by President Biden, the bill will be one of its kind, as a crypto-focused task force has yet to be erected in the United States.

In addition to being made up of SEC and CFTC members, the task force will also include at least one representative from each of these six categories, according to Forbes: Financial technology companies providing digital assets; Financial firms under the jurisdiction of the SEC or CFTC; Institutions or organizations engaged in academic research or advocacy on digital assets; small businesses engaged in financial technology; investor protection organizations, and institutions and organizations that support investment in historically-underserved businesses.

The crypto-centered task force will need to assemble a report on the regulatory frameworks for digital assets, and assess how a lack of regulatory clarity for cryptocurrencies has impacted primary and secondary markets. Additionally, the task force will need to measure the regulatory framework for cryptocurrencies established in the US against that established in other countries.

The crypto task force will then need to provide recommendations on how to improve the situations of digital asset markets as well as establish strategies to reduce fraud and cash manipulation. it would also need to evaluate whether digital assets are compliant with the Bank Secrecy Act policies. The report will then be sent to House and Senate Committees, as well as the SEC and the CFTC to help them in making regulatory decisions regarding crypto.

Safe Harbor proposal for crypto  

Currently, with the cryptocurrency market estimated at over $2 trillion dollars, many financial and banking institutions worldwide have re-evaluated the potential of this nascent asset class. Recently, SEC Commissioner Hester Peirce, also known as ‘Crypto Mom’ for her active and welcoming stance regarding blockchain technology and crypto, released a safe harbor proposal designed to accommodate and encourage digital innovation.

The proposal suggests a three-year “grace period” where blockchain developers will be allowed to prove the extent to which the network they built is decentralized. Additionally, this will enable a more careful approach in considering whether their proposed token offering is in violation of US securities laws.

China ramps up CBDC efforts

This is a step forward and may be beneficial for the crypto economy to thrive in the US. Although many US-based firms have scrambled to enable cryptocurrency payments and integrate them into their business model, their deployment of digital payments still appear delayed in comparison with China.

Recently, China appears to have sped up the pilot phase of its digital yuan. On behalf of the People’s Bank of China, deputy governor Li Bo revealed that the country’s proposed central bank digital currency (CBDC), dubbed the “digital currency electronic payment (DCEP),” will be made available at the 2022 Beijing Winter Olympics as part of its pilot phase.

The deputy governor has mentioned that China’s goal with the DCEP is not to “replace the US dollar or any other international currency,” but to “allow the market to choose.”

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/us-house-representatives-create-crypto-task-force-joining-sec-cftc-members

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Which crypto exchange platform is faster, coin transfer or Godex?




The coin transfer exchange works in a semi-automatic mode. The exchange takes place from morning to evening with the participation of the operator. All switching processes are carried out with the help of a support person. This way of working has its advantages.
A lot of people these days use automatic exchanges because it’s quick and easy. However, a semi-automatic service offers the possibility of a safe change.
This option is particularly recommended for beginners who do not yet know how to correctly fill in the fields in trades, how to find out the amount of the commission and when to complete the operation.
Most important steps in currency exchange
The change works in 3 steps:

Step 1: Select a currency pair to swap in the cryptocurrency converter. Check the box that you agree to the tariff, service fees, and fees for the cryptocurrency network.
• Step 2: Fill out the exchange form and check the entered data, as in most cases cryptocurrency transactions cannot be canceled.
• Step 3: Send the amount specified in the application to the address provided by the exchange operator and receive the cryptocurrency on your wallet within 5-30 minutes.
Cointransfer has been active since 2016 and offers 219 currency pairs.
The swap board has over 1,760 reviews, most of which are positive. If you have already changed the currency on this service, you can leave your feedback and add to the collection of comments on this exchange service.
The Godex crypto exchange is an excellent example of a website that allows you to exchange one type of cryptocurrency for another online. Dynamic price changes, complete absence of transaction limits (the transaction time can increase with large amounts), a clear user interface – everything is done here to ensure that investors feel comfortable. There is also a dedicated affiliate loyalty program so you can get a quick entry into the cryptocurrency market. It is time to look into the subject of such an investment.
You should understand right away that it is impossible to completely eliminate the risks involved in buying a cryptocurrency. Even most stable coins can lead to a complete loss of the money invested; even if the likelihood of such a course of events is extremely low. Only after you have considered all the advantages and disadvantages of each model, familiarized yourself with the market indicators over a period of time and analyzed the opinions of experts, should you make an informed decision.
When you are ready to buy cryptocurrency, you should do so strictly in accordance with certain rules. Investments need to be planned and made wisely. Creating a wallet with an address is necessary and does not take much time. You can buy the cryptocurrency you are interested in after registering with a specialized exchange – just select a popular currency to buy. After buying, many advise transferring the coins to offline storage to eliminate the possibility of hacking and theft of investments. By investing in one with a view to market capitalization, the risks of a currency can be significantly reduced. The three cryptocurrencies that currently meet these requirements are:
Litecoin. currently serves thousands of customers with over 10,000 transactions daily. So if you are looking to swap one coin for another, you should try and enjoy fast transactions at good exchange rates.

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Maker Hits a New All-Time High Close to the $5,000 Mark




Maker is the first Ethereum-based smart contract system to launch an automated cryptocurrency lending platform. 

Maker provides the first decentralized basic stable currency Dai (which can be compared and analyzed as the U.S. dollar on Ethereum) and a derivative financial system, promoting the prosperity of decentralized finance (DeFi).

Dai is issued through a full mortgage guarantee of digital assets. Since its launch in 2017, Dai has always remained anchored to the U.S. dollar with a 1:1 ratio.

On April 19, members of the MakerDAO community began to vote on MIP45, a proposal aimed at upgrading the liquidation system of the Maker protocol and maintaining the stability of Dai pegged to the U.S. dollar.

If approved, the liquidation 2.0 system will provide higher security, predictability, and decentralization, and provide community members with more opportunities to participate in collateral auctions through Auction Keeper software and a more conventional interface. This will promote the participation of the Maker community and the entire DeFi department.

According to data from DeFi Pulse, Maker, the largest DeFi agreement with system collateral of $965 million, dominates 16.44% of the entire DeFi market.

The holders of the Maker (MKR) tokens of the project have received a 64.23% price increase reward in the past week. According to CoinMarketCap, Maker with a market cap of $4,817,105,553, ranks as the 30th largest cryptocurrency.

The token has grown nearly eight-fold since the beginning of this year, rising from $587 to $4,652,  It hit a record high of $4,995 today, breaking the $4,500 marks in one clean swoop.

Maker (MKR) Price Analysis

Source: MKR/USD 4-hour via TradingView

Judging from the 4-hour candlestick chart, MKR has successfully broken through its previous high of $4,118, and the rapidly expanding trading volume has resulted in $4,118 being flipped from a resistance to a support level.

The transaction price of MKR/USD is higher than the Exponential Moving Average (EMA) ribbon. Both the upward moving average and the bullish MACD index indicate that the bulls are currently dominating the market.

However, the Relative Strength Index stepping into the overbought zone is gradually levelling off, which suggests that MKR is encountering relatively strong selling pressure after touching its all-time high of $4,995 today. The MKR’s price will therefore experience a slight retracement, and it is likely to trade sideways for a period of time around $4,400-$4,600 before resuming its upward momentum.

If MKR’s price can stabilize above $4,200, then the upward trend of Maker may open a faster upward channel. As Maker hit a new high, this will mean that the altcoin will not encounter strong selling pressure on its way up. If the entire crypto market emerges from its current slump, it is highly likely that Maker breaks through $5,500 in the short term.

Conversely, a surge in the number of sell orders will push MKR below the $4118 support level and may trigger a more severe correction to the 20-day Exponential Moving Average of $3,795.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/analysis/maker-hits-new-all-time-high-close-5000-mark

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The post Bitkingz Casino Exclusive Bonus appeared first on BitcoinChaser.




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