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Fantom: Projections for 2022
Great expectations for this year
Ethereum opened the doors for the different smart contract projects, application development and speed management within them; and Fantom crypto is the direct competition of this platform.
One of the preferred options to invest in cryptocurrencies in 2022 with the possibility of leaving us with stunning growth.
If it is a question of analyzing cryptocurrencies with potential, Fantom is one of the options that has been capturing the gaze of investors. Why? Let's say that many projects it as the direct competition of Ethereum, but with a faster and cheaper version.
Phantom: What is it?
Fantom really is a platform that focuses its work on the development of smart contracts at an impressive speed and with very low costs. Of course, and not surprisingly, it belongs to the so-called DeFi tokens, characterized by being decentralized finance.
Fantom was designed to break the limitations of various Blockchain technology platforms. Many know it as the alternative to the positioned Ethereum network, its creation lies in 2018 and since then it has been developing.
This smart contract platform is open source, completely decentralized. Its mission is to generate greater growth at lower costs with its network.
How does Phantom work?
Imagine the possibility of executing about 300,000 transactions per second, this is the possibility that Fantom generates with its network. At the same time, it shows us the support of working with multiple service providers simultaneously.
Its backing is generated with the advanced technology known as Director Acyclic Graph.
Fantom provides the ability to store a huge amount of data in the most secure way possible. The transactions finish being confirmed in a period of about 2 seconds and with a minimum cost of 0.00001.
Fantom works with a unique consensus mechanism, this is known as Lachesis. This consensus algorithm can capture the management of previous events and determine a final order calculation of the given transactions at each node.
Historical growth of Fantom Crypto
Although we can highlight some cryptos that have been protagonists of upward trends per year, we can assure you that Fantom promises a lot for this 2022. Its historical growth has been really noticeable in the course of 2021 and the beginning of 2022.
Since its creation in 2018, its objectives were clear and still remain, to be the direct competition of Ethereum, believing possible at a certain point to overcome it.
Thus began the development of a platform capable of generating smart contracts. His north was to work faithfully observing Ethereum to overcome the drawbacks that it presented.
Predictions for 2022 of Fantom cryptocurrency
Let's say that this powerful cryptocurrency had its somewhat dark start, since it was not until January 2021 that investors turned their eyes to it.
Since then the ups and downs have been on their historical journey. The peculiar thing for this 2022 is the number of investors that continue to join, and make its price rise.
Some compare its growth power with Solana, revealing that we could repeat its history in 2022 with this cryptocurrency. The possibility that its price will increase between 5 and 10 times its current value, which is quite pleasant.
Many cryptocurrency experts assure that its price will be above $4 and still generate pleasant surprises.
This is possible in many aspects, since Fantom set a guideline for this December 21, 2021, raising its price by 150% until January 17, 2022.
Today the cryptocurrency is around the fields of $2.9 and $3.4, basically the stipulated that the experts mention to us, and with the possibility of increasing after a due correction.
