Factom Price Prediction

$-0.06 (-1.86%)

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Today's Forecasts

Factom(FCT) opened trading today at $3.47. It achieved a Market high of $3.62 and a subsequent Market low of $3.39, Representing a change of $-0.06 and price percentage change of -1.86% . Its current Price is $3.41 representing a market share of 0.01% only.

A total volumn of $59,642 worth of Factom traded hands today, achieving a Maximum Market Cap of $33,483,410 for the day.

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The Bull Case 🐃 for Factom
Many people are looking to invest in digital assets (including Factom) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Factom as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.

With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Factom has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.

Factom is currently trading around $3.41.

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Price Predictions for Today, This Week and This Month 🚀

Critical Fundamental Analysis of Factom

Blockchain to Business and Governments

Factom is a system for securing millions of real-time records in the blockchain with a single hash.

Businesses and governments can use Factom to simplify records management, record business processes, and address security and compliance issues.

Factom uses the blockchain to power a remarkable range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems. 

Download the Factom Whitepaper to understand out how business and governments can use the blockchain technology to improve their services and their profit margins.

Factoids are traded on Poloniex under the ticker – “FCT”, making the whole project more approachable for novice users. The ticker “FCT” coupled with “Factom Exchange” should make it a lot easier for anyone to find the software tokens on Poloniex. It’s not necessary to know all the technical aspects regarding Factom or Factoids to reap the benefits of this platform.

Investors have been eagerly awaiting the addition of Factoids on major cryptocurrency exchanges since the conclusion of the Factom token sale. Factoids trading on crypto-exchanges are likely to generate additional interest in the Factom platform while allowing new community members to purchase some tokens for future use.

In preparation for the launch of the Factoids trading market on Poloniex, the Factom team also released the binaries and installers for the project’s software client recently. The Factom client provides a convenient manner of storing and transferring Factoids.

Will Factoids have their own blockchain?

Ultimately Factoids will be implemented on their own Chain in Factom. For the crowd sale, other options are possible.

How are Factoids created?

Two ways. Factoids will be created as a part of the crowd sale. Secondly, Factoids will be created at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives.

Is there a separate Proof of Work or other consensus mechanism for factoids, independent of factom?

No. That said, the Factom chain and the Entry chain are managed by the Factom Servers (they are the application using these chains) so they validate them in real time. No invalid entries can be placed in these chains.

How do factoids get sent back to the protocol? Is it a kind of burn?  

No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.  

The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits.  

The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain.  

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FCT Trading Stats for Today - 2019-10-17 20:06:01 +01:00 BST

Market share 0.01%
24h Open $3.47
24h Low $3.39
24h High $3.62
Current Supply 9,823,631 FCT
Total Supply 8,753,873 FCT
Market cap $33,483,410
24h Volume (coin) 17,498 FCT
24h Volume (currency) $59,642
Last updated 2019-10-17 20:06:01 +01:00 BST

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Common FCT Price Prediction Questions

What is Factom’s potential future value?

FCT's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Factom is and what it does. This is because Factom's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can FCT make you one?

What is going on with Factom's price?

In order not to be too rattled, read our Fundamental analysis above on Factom to know if it’s a good hodl.

How high will Factom go?

No one really knows for sure. We however predict FCT might be 4x by end of 2019. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!

Why is Factom(FCT) rising today?

On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Factom to see its expected value. You can also visit Factom's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Factom website page will quickly provide you with that value.

(Other questions we can't answer because we aren't God: When will Factom price rise, why is Factom price rising, will Factom keep rising, what is going on with Factom price, how much has Factom gone up, will Factom price rise, is Factom value going up, is Factom going to keep going up?)

Why is Factom's price going down?

It’s difficult to tell right now as the daily FCT candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Factom's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Factom, Simple click the Social Button on this page, located immediately below the Price Charts.

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FCT Live Prices Data
ID Market Type Price Quantity Total
Factom Social Sentiments

Factom Daily Price History

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