The current price of Factom fluctuates around $2.02; the total market capitalization is $17,879,131 or 2,064 BTC, which makes Factom one of the 150 most popular digital currencies as of January 2020. The circulating supply is 8,834,601 FCT, while there is no data on the total or maximum supply of Factom. The daily trading volume is around $1,124,766 or 129.82903837 BTC. Factom is trading on several major markets, yet the most active exchange that trades FCT is Bithumb.
The all-time high of Factom, $87.16, was reached on Jan 07, 2018 – during the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of FCT, $0.070891, occurred way back on Dec 03, 2015. Currently, the estimated ROI (return on investment) of Factom is 880.68%, which means that $100 worth of FCT bought at the time of the Factom launch would yield about $880 of profit today.
The most recent price trend of Factom appears to be slightly negative. In 24 hours, the price of FCT fell by 4.98%, while the 7-day price dynamics of Factom shows a 3.49% decrease in the price of FCT. The price predictions for Factom are usually not that optimistic. According to WalletInvestor, Factom has been caught in a bearish cycle for the past year and is bad long-term investment. In one year from now, the price of FCT may be as low as $0.0994.
What is Factom (FTC)
Factom is an ‘open-source, decentralized data integrity protocol that was built by an international coalition of companies which extends the security of blockchain to any data type’. FCT is the internal currency of the system. The Factom protocol is reportedly easy to integrate with any system, thus providing a low, fixed-cost source of indisputable truth and verification for businesses and governments. The developers claim that the fixed cost and dual token design of the protocol enables a unique type of subscription models where customers are not required to hold tokens despite their being used automatically in the background.
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