A price chart is a visual representation of the current status and historical movements of an asset. Here we can take a look at the Fantom (FTM) cryptocurrency and where it stands in the overall marketplace. Fantom is a DeFi platform that is unique for its use of a directed acyclic graph (DAG) system as opposed to the blockchain, where FTM is its native token. 

Fantom (FTM) Price Chart

Stories of a phantom are circling the crypto space. It has been haunting the shadows of Ethereum, plotting its demise. The “phantom of the blockchain,” Fantom, is an enterprising decentralized finance (DeFi) platform that aims to take on the king of this industry by offering an Ethereum alternative that is efficient, exceptionally fast, and decentralized. 

While this may sound like the modus operandi of every cryptocurrency, Fantom approaches this challenge in a different way that the developers feel has vibrant potential. Much like the Phantom of the Opera was about a musical savant, Fantom seeks to express its own creativity and individuality through the use of a directed acyclic graph (DAG) data model as opposed to the traditional blockchain model. 

What is Fantom (FTM)?

Fantom is a DeFi platform with ambitious goals, high expectations, and many features that may catch the eye of crypto participants. The Fantom team has been vocal about their mindset - developing a network and ecosystem that can truly take on Ethereum and challenge its reign as the top smart contract provider. 

Together with its native token, FTM, Fantom promises to deliver a DeFi solution that overcomes the challenges that have bogged down its competitors. Namely, scalability and transaction times, which the team has reduced to less than two seconds per transaction.

Fantom history

Fantom was founded in 2018 as the phrase “DeFi” was just beginning to spread throughout the crypto world. Created by the Fantom Foundation, most of the ongoing development for this project takes place in South Korea, with members of the decentralized team contributing from all corners of the globe. From 2018 to early 2021, the FTM token price trend was very flat. However, from the beginning of 2021 on, the token experienced a massive bullish run. Since then, the Fantom price over time eventually declined in tandem with the overall market pullback that has been felt throughout 2022. 

Who are the founders of Fantom?

The origins of Fantom begin with the Fantom Foundation, an organization that consists of engineers, researchers, and scientists. This foundation was started by the computer scientist Dr. Ahn Byung Ik of South Korea. Ultimately, the main goal behind this decentralized team is to develop the ultimate smart contract platform with priorities placed on scalability, decentralization, and security.

How Fantom works

What would a phantom be without its opera? Being of the digital variety, this poltergeist can’t be found in dark corners. Instead, its reach extends far across its aptly named Opera mainnet. This is powered by the high-speed consensus mechanism called Lachesis, a version of proof of stake (PoS.) These two technologies, Lachesis and Opera, are the main elements of the Fantom ecosystem. 

It has been said that Lachesis differs from traditional PoS in that it does not sacrifice scalability while retaining the same level of security. This is because Lachesis is a consensus solution that adds additional layers within its own system. This makes Fantom a “modular” design by default. 

For instance, Opera is notably compatible with the Ethereum Virtual Machine (EVM). Programmers can port their decentralized apps (dApps) to the Opera mainnet with little investment in time. This could potentially help upgrade dApp performance while lowering overall costs. 

The FTM token

A crypto journey often begins with the top cryptocurrencies in mind. After learning about what these assets offer, and discovering how to buy Ethereum or how to buy BNB, many times they will then branch out into other altcoins as well. FTM is the native token of the Fantom blockchain and has some benefits that may help it stand out in a crowded market. 

FTM plays a vital role in the health and longevity of the Fantom ecosystem. Some of its most critical uses include:

• Securing the network
• Paying network fees
• Voting in on-chain governance
• Staking
• Potential future uses like collateral in smart contracts or crypto loans

The Fantom stablecoin 

Another emerging element of the Fantom ecosystem is their native stablecoin, Fantom USD (fUSD). This token was built to be faster and more efficient than the competition. There have also been established plans to use fUSD for crypto lending purposes. If you find yourself interested in learning how to buy Tether, this could be another stablecoin solution to add to the list. 

The current FTM price index

Keeping track of cryptocurrencies and their movements is no easy feat. It takes a lot of dedication to tune into the ebbs and flows of this dynamic marketplace. CEX.IO aims to help you manage your trading endeavors with a refined and robust trading interface. Our platform empowers you to trade in the most direct and simplistic manner possible. With so much disorder in the market, your path to buy and sell crypto should be crystal clear. 

Across the CEX.IO ecosystem, you will find several tools that were specifically designed with the needs of traders and market spectators in mind. The CEX.IO Spot Trading is loaded with features that show you the direct information and current developments of every asset we support. All recent buy and sell orders are visible, as well as an order book to demonstrate what levels other traders are watching. Of course, you can also perform price analysis from the trading chart.

Through these metrics, along with our other professional tools like the trading API, you can build your trading strategy, and devise your own Fantom price prediction for the future. If you are interested in exploring other top cryptocurrencies, you also have quick access to buy Dogecoin or buy Solana as well.  

How to buy Fantom

New Fantom fanatics have a few ways to get a hold of the FTM token. CEX.IO makes it simple to buy FTM and over 100 other cryptocurrencies. After you create an account and go through the quick verification process, you’ll have the ability to buy FTM through the following methods. 

Buying FTM with fiat 

Currently, Fantom can only be purchased directly with USD on CEX.IO. Our platform has become famous in this industry for our Instant Buy feature that also allows you to buy Bitcoin instantly with your credit or debit card. 

Customers can also visit our spot exchange to purchase FTM with USD. Here are the steps to complete the process:

1. First, you will have to fund your account using one of the available payment methods, such as credit/debit purchases, PayPal, direct bank transfers, and more. 
2. After your account has been funded, head to Spot Trading.
3. On the left-hand side of the page, you can use the search bar to find the asset that you would like to purchase. Type in FTM to see the trading pairs we have available. Currently, we only support the FTM/USD pair. Click this to continue. 
4. Next, choose what type of order you would like to use. Your options are Limit and Market, which both have different properties. A limit order will execute at a designated price, allowing you to wait for your ideal zone to buy. A market order will instead execute immediately, buying or selling your crypto against the nearest limit orders already placed in the order book. For limit orders, fill out the amount of FTM you want to buy, and the price you want to buy it at. For market orders, simply choose the amount of USD you wish to spend.
5. After your order executes, you will see the corresponding amount of FTM in your account. 
6. If you want to sell Bitcoin, Fantom, or any other cryptocurrency, you use either a sell limit order or sell market order in the same way. 

Buying FTM with cryptocurrency 

At the current moment, CEX.IO only supports direct FTM/USD trading. However, if you have holdings of BTC, ETH, or numerous other cryptocurrencies, you can still easily convert these assets into FTM in Wallet. Once you have deposited your crypto, you can head to the spot exchange like in the previous section and convert these assets into USD. This will then enable you to buy from the spot exchange at the current Fantom token price. 

Where to buy Fantom

In the cryptocurrency industry, your reputation is everything. When you are looking for an exchange to call your home base, it may be beneficial to consider one that has a lengthy reputation backed with awards and accolades. Whenever you are storing your crypto or entrusting your personal information with an exchange, it’s wise to prioritize one that you know is trustworthy and will likely be around for years to come.  

In addition, not all platforms have demonstrated that they have the longevity needed to last years in this hectic and rapidly-changing industry. CEX.IO has built its reputation over the last decade as a pioneer in the cryptocurrency ecosystem. We were one of the first companies to allow you to buy cryptocurrency with a debit card, and to allow for direct BTC to USD purchases. We aim to be your guide in this unique space, and continuously innovate with new services and features. 

Although you may first join CEX.IO as a crypto-curious spectator, you will find tools that will remain useful throughout your journey, and hopefully help you become a crypto pro. The industry has taken kind notice of our hard work through numerous awards and accolades over the years:

• Best Overall DeFi Platform (FinTech Breakthrough Awards)
• Best Exchange Award (HedgeWeek)
• Rank 4.5 out of 5.0 (Investopedia independent review)
• Rated 4.7 out of 5.0 (Trustpilot)
• Included among the Six Best Crypto Exchanges (Business Insider)
• Top 10 Best Exchanges Overall (A-grade CryptoCompare)

And more!

Whether you are interested in buying Fantom, or any other cryptocurrency, we hope that you will consider making CEX.IO your chosen crypto partner throughout your journey. 

Fantom price history

Like many cryptocurrencies, Fantom has enjoyed a spectacular rise over the past few years, followed by a decline throughout 2022. When we refer to the FTM historical prices, we can see that when this coin was launched in 2018, it had a price of around $0.02 per token. At its all-time high on January 15, 2022, FTM was worth around $3.30 per token for a total return of almost 17,000% for some holders.

At the time of this writing, FTM has receded in price. It currently stands at a value of $0.33 per token. This is ultimately due to several factors, including an ongoing “crypto winter” that has unfortunately impacted the entire market. You can refer to the crypto price charts to keep track of the value of this token and many others. 

FAQ 

What is FTM? 

FTM is the native token of the Fantom network. It is used for a variety of purposes on the network including security, voting, governance, payments, transfers, and more. 

Why should I buy FTM on CEX.IO? 

By joining the CEX.IO platform, you can access FTM and over 100 other cryptocurrencies. When you choose to buy your FTM with CEX.IO, you can easily exchange it down the line for other cryptocurrencies. Furthermore, CEX.IO empowers its users with a wide array of tools and resources to assist you at every step of your crypto journey. 

Can I store my FTM on CEX.IO?

With the CEX.IO wallet, you can store over 100 different cryptocurrencies in one place. This tool makes it easy to manage your portfolio, quickly buy and sell crypto as well as make deposits and withdrawals, all straight from your browser window or mobile device.

What payment methods does CEX.IO support? 

CEX.IO aims to make our platform as accessible as possible for our users. To achieve this goal, we try to add support for many of the most popular payment methods. Some of the payment methods we support include PayPal, Google Pay, Apple Pay, credit/debit cards, bank transfers, and more.