The new bull season is on the door and Fantom is one of the biggest candidates for the next bull run among many other competitors.
Decentralized finance has been surprisingly resilient to the current dip, and many of the cryptocurrencies which host this ecosystem have also weathered the storm quite well. Now, while Fantom is not necessarily on this list of resilient smart contract cryptos, it has nonetheless positioned itself to be one of the leading DeFi hubs once the bull market gets back on track. This is because Fantom’s native FTM token has listed on multiple reputable exchanges over the last few months and it’s also begun hosting some of the most popular DeFi protocols in the space.
Prior to the dump, Fantom was itching to pump and this might present the perfect opportunity to buy the dip on this altcoin gem. Today, I’m going to tell you everything you need to know to decide whether Fantom is worth your hard-earned cash and how high FTM could go.
Disclaimer: All the content converted from Coin Bureau’s “Fantom: FTM Deep Dive!! Serious Potential?” video after getting the whole permissions.
What is Fantom?
Fantom was founded in early 2018 by Ahn Byung Ik.
Ahn holds a Ph.D. in computer science and is the founder of multiple successful startups. It also holds prestigious positions at various tech-oriented associations in South Korea.
Oddly enough, Ahn is apparently no longer affiliated with Fantom and this might be due to the stringent cryptocurrency regulations in South Korea.
This seems to be of little consequence given that Fantom is more frequently associated with Andre Cronje, the famous, South African DeFi developer who created the Yearn Finance Protocol (YFI).
Andre worked for Fantom full-time in its early days and was instrumental in implementing the peer-review distributed ledger technologies detailed by researchers at one’s alma mater.
Andre is now just an advisor to the Fantom Foundation, which is a for-profit company registered in the Cayman Islands that develops Fantom. Read More…
Categories: CRYPTO PROJECTS