Fantom Market Cap Hits $1.95 Billion (FTM)

Fantom (FTM) traded 0.7% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on August 28th. Fantom has a market cap of $1.95 billion and $46.27 million worth of Fantom was traded on exchanges in the last 24 hours. Over the last seven days, Fantom has traded down 13.7% against the U.S. dollar. One Fantom coin can now be purchased for about $0.70 or 0.00000744 BTC on major cryptocurrency exchanges.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• UZDT (UZDT) traded down 0% against the dollar and now trades at $1.00 or 0.00001256 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.1% against the dollar and now trades at $79,475.05 or 0.99713746 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Fantom Coin 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. The Reddit community for Fantom is https://reddit.com/r/fantomfoundation and the currency’s Github account can be viewed here. The official website for Fantom is fantom.foundation. Fantom’s official Twitter account is @fantomfdn and its Facebook page is accessible 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. Telegram, Discord, KakaoTalk, Weibo, GitHub, RedditWhitepaper”

Fantom Coin Trading

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

FTM/USD price chart by TradingView