Factom Price for today is $7.9925372957. Its current circulating supply is FCT 9,473,026 with a market cap of $75,713,517.
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Currently, Factom (FCT) is trading at $7.9925 with FCT price 6.21% down today. The market cap of Factom is USD 75,713,517 with 9,473,026 fct circulating currently. The 24-hour price movement chart indicates that $163,850 worth of FCT were trading. The price peaked to $8.7800 in the last 24 hours while the lowest price was $7.9400.
Factom price prediction suggest that the Factom price is up for a long-term 1262.145661% in the FCT price value with a 5-year investment. This means that in the year 2023, the Factom price is forecasted to stand at $108.87 . You can keep track of Factom’s progress by adding it to your wallet portfolio.
As investors, it’s imperative that you regularly monitor the FCT price on the market to be able to execute your next move. CoinSwitch’s Factom price charts show you the Factom rate as compared with the cryptocurrencies of your choice in real-time so you can move your investments quickly when the need arises. The charts show you the Factom coin price trends every minute and also a history over the last 24 hours. The Factom coin value is driven by the possibilities it offers as a protocol built on top of the Bitcoin blockchain. Being completely decentralised it is impossible to shut down while showing potential to solve many problems related to data storage and has already been considered for use in smart cities and storing movie reels and scripts. The Factom value is expected to skyrocket in the near future and the FCT price prediction paints a great picture for the investors.
The Factom price prediction for the upcoming years looks like this:
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Electronic records hold most of the world’s data that pertain to wealth in the form of financial records, real estate records, tax and credits records, and the list goes on indefinitely. These are stored in centralised databases which are vulnerable to theft and vandalism. Bitcoin’s blockchain technology changed that forever by offering a way to secure the world’s data. However it has limitations such as time-consuming block times and data limit, that’s where Factom comes in.
Factom is a data layer for the blockchain that lets users store tremendous data with a single hash. It also allows auditing of that data in real time while being a secure recordkeeping platform on a global scale. To enable users to enter data on the Factom platform they need factoids which is basically the Factom coin, similar to other cryptocurrencies. To buy Factom, you will need a Factom wallet in which you can store the coins while trading with it.
CoinSwitch being an aggregator of all cryptocurrency exchanges shows you the best offers to buy Factom coins from exchanges around the globe. You can trade Factom for Bitcoin, ether, ripple, tron, dash or other cryptos of your choice on CoinSwitch’s smooth and transparent platform. Having over 45000+ exchange pairs from the best exchanges, you can not only buy FCT but also sell Factom at the best prices.
Factom launched in September 2015, is an open-source, decentralised platform that’s running on top of bitcoin. While bitcoin only pertains to currency transactions, Factom’s enhanced blockchain allows a variety of different data types such as contracts, supply chain management, medical records, legal applications, voting systems and many more to be stored on its blocks. With virtually infinite applications, it has the potential to shape the future. With rising demand for secure data storage, the Factom cryptocurrency is sure to stay high in value.
If you are new to crypto trading, it's always advisable to learn about, what is Factom, it's benefits and indicative return on investment.