The InvestorsObserver Sentiment Score for Fantom has been Neutral for the previous five days. The Sentiment Score evaluates Fantom’s performance over the last five days in terms of volume and price change. The Sentiment Score is a short-term snapshot of a cryptocurrency’s recent performance. This can help both short-term investors who want to ride a rally and long-term investors who want to purchase the downturn.
For the previous five days according to Fantom price prediction, Fantom has been trading near its middle. The coin is 9.45 percent higher than its five-day low of $1.92, which is 16.60 percent lower than its five-day high. The Fantom price is at a good spot between support and resistance. It has some space to go before hitting resistance, with support around $1.98 and resistance at $2.15. Fantom has recently traded on low volume. This signifies that today’s volume is lower than the average for the previous seven days.
The Lachesis consensus process powers Fantom, which is a decentralized and open-source layer-1 blockchain. Lachesis employs a proof-of-stake system that allows for speedy, secure, and scalable transactions. Fantom’s popularity and price have recently risen as per the latest cryptocurrency news, as the crypto is seen as a viable alternative to Ethereum (CCC: ETH-USD). Slow transaction times and high transaction fees have reportedly frustrated cryptocurrency users as.
On the Fantom blockchain, smart contracts may also be accessed. A smart contract is software that runs when certain conditions are met and is recorded on a blockchain. Because the contracts are self-executing, no mediator is required to enforce them, saving both parties money.