Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Ozark on October 18, 2018, 02:58:37 PM
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Everything You Need To Know About Factom (FCT)
What is Factom (FCT) (https://seo spaminfo/factom/what-is-factom)?
Factom is a blockchain protocol designed to assist businesses in storing their data. It separates the immutability of blockchain technology from its associated currencies, making it easier and cheaper for businesses to store data on the blockchain. It uses cryptographic isolation, which provides for the storage of unalterable records in a secure environment.
Factom is an open-source software, allowing developers world over to create better versions of it. Contributors such as Paul Snow and Brain Deery created the first usable blockchain technology, since its inception on November 17th, 2014.
Factoids are the Factom Tokens which give the users a right to exercise. They can use these Factoids to create the Entry Credits. The EC is then used to create entries in the Factom Blockchain.
Factom (FCT)) Price for Today
Currently, Factom (FCT) price is up by 2.70% and it's now trading $4.11 today. The market capitalization of Factom now stands $35,908,564 million with 8,745,102 FCT circulating. The 24-hour price movement indicates that $35,514 worth of FCT were trading. The price peaked to $4.25 in the last 24 hours while the lowest price was $4.14. Source: https://coinmarketcap.com/currencies/factom/
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Factom (FCT) is ranked 139 in coinmarketcap.com (https://coinmarketcap.com/currencies/factom/) and its price for today is down by 1.42% and it's trading $4.09 at the time of writing.
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Factom price still at the low price and I am not sure that it can increase in the short time especially if we take a look at ethereum price. I guess that Factom is depended on ethereum price so when ethereum can increase, factom will follow. Besides of following ethereum, I think factom is followed bitcoin price too, but I don't know for sure. I hope that in the next month, factom can increase to the high price.