Fantom Crypto Review in Sports Betting 2023

FTM token is the layer-1 Fantom blockchain’s native token that assures users a secure and high-speed compatible service that can compete favourably with the likes of Solana (SOL) and Ethereum (ETH). Since its establishment, Crypto FTM has generated substantial hype due to its ability to solve the issues facing layer-1 blockchains, including scalability, decentralization and security.

Fantom Crypto utilizes Direct Acyclic Graph technology to offer users finite scalability and instant transactions at affordable costs. As a result, many industries accept this FTM cryptocurrency as one of their primary payment options, including sports betting and gambling (read more – crypto sports betting). This Fantom Crypto Review will reveal all the advantages of using it, as well as Fantom history, price predictions, and more.

Fantom Platform Explained

Fantom is a high-speed, scalable and secure EVM-compatible platform with lower transaction fees. Established on Lachesis, an aBFT consensus protocol, Fantom’s layer-1 blockchain aims to solve problems linked to smart-contract platforms. The platform is capable of executing thousands of transactions within a second, and its service is EVM-friendly.

The main aim of Fantom is to enable compatibility between different transaction bodies globally. In combination with native Fantom token, it provides a collection of tools to make the process of integrating existing dApps simpler.

Recent Developments

The platform and its native token have had the best outing amidst the collapse of FTX. They have had the best financial reserves, with approximately £50,000,000 in non-crypto assets, £100,000,000 in cryptocurrencies and £100,000,000 in stablecoins. On 29th November 2022, the cryptocurrency was launched on Ledger, allowing its users to transfer, receive, and check their £FTM directly via the Ledger Live application.

Also, Fantom recently announced a brand new Fantom-Gitcoin grants campaign to offer funding to support different projects taking place on the platform. Any project can apply; however, the Fantom (FTM) community will decide which one should receive the funds. According to the platform, approximately 125,000 FTM Crypto is available for the trial round. On top of that, projects will benefit from significant support across different verticals, including infrastructure, NFTs, DeFi and gaming.

Also, in early November 2022, the platform announced a Ramp Network integration that focuses on creating infrastructure to help connect cryptocurrency to the worldwide financial network. This integration provides users with easy access to the Ramp Network’s efficient fiat-to-cryptocurrency services, with a cryptocurrency-to-fiat trial coming soon.

As a result of these developments, the number of industries, business owners and individuals looking for Crypto Fantom services has increased significantly. The gambling industry has taken full advantage of Fantom service benefits, and currently, millions of punters are using this cryptocurrency as their deposit and withdrawal option.

Top 1 Fantom Bookmaker – Cloudbet

Cloudbet is a top crypto sports, casino and eSports gambling site. Established in 2013, Cloudbet operates on a state-of-the-art digital currency platform, which makes it the most secure gambling website. Cloudbet brings together all major and minor sports and events, including basketball, tennis, hockey, football, motorsports, politics, snooker, darts, volleyball, Ski jumping, Aussie rules, American football, and much more.

Cloudbet understands that football is the most popular sport on earth, and in line with this, it collects events from different top-flight competitions like the Europa League, UEFA Champions League, the Premier League, Bundesliga, and others.

As a crypto sports betting pioneer, Cloudbet supports more than 25 digital coins and tokens, including Fantom (TFM). Punters who use Fantom (FTM) will enjoy free transactions in terms of both deposits and withdrawals. Additionally, they’ll be able to claim a 100% welcome bonus when they make an eligible deposit.

Cloud bet rewards not only new players but also existing ones. It offers a dedicated loyalty program that rewards loyal customers. The program includes six exclusive loyalty levels: Ruby, Sapphire, Emerald, Gold, Silver and Bronze. Cloudbet rewards its loyal players based on these levels; some available rewards include sports rewards earnings, easy-to-meet sports rollover requirements and account manager.

In terms of security and licensing, Cloudbet uses state-of-the-art SSL encryption technology and holds a licence from the Government of Curacao. Also, you should remember that the cryptocurrency payment options available allow Cloudbet customers to gamble anonymously. And the best part is that you can deposit funds, place bets and withdraw all of your winnings from anywhere, anytime, thanks to the mobile-friendly website.

Fantom Crypto Price Prediction and History

On the back of a solid network adoption, Fantom enjoyed some significant gains in 2022. An all-time £3.4825 peak in early 2022 mirrored a more than 150x year-on-year return. Since that time, there has been some volatility. Fantom cryptocurrency price dropped to £1.27 on 14th December 2022 and remained in the red zone until a few weeks later when it turned bullish.

When it comes to the Fantom price prediction 2024, it’s predicted that the average trading price will be £0.820, with a minimum of £0.730 and a maximum of £0.910. June could be an ideal month for the Fantom token price when an average of £1.050 is expected.

Fantom (FTM) will open the 2025 year with a price of £4.110, with a maximum and minimum of £4.860 and £3.390, respectively. FTM token price will be able to skirt above the £5.0 barrier towards the end of the year.

Most Fantom Crypto predictions don’t expect significant gains for this crypto product in the long run. By 2030, Fantom (FTM) is expected to trade at approximately £1.920, set between a maximum and minimum of £2.010 and £1.87, respectively.

Fantom Crypto Regulatory

Fantom was among the first cryptocurrency platforms to embrace on-chain governance. Regarding voting, it’s done completely on-chain with Fantom (FTM), and every coin denotes a single vote.

The holders are allowed to submit proposals for a 100 FTM fee, and they can cast their votes on them. On the other hand, users are able to indicate their agreement level with concepts on a scale ranging between 0 and 4, with the former indicating complete disagreement and the latter representing complete agreement.

Fantom Review – Conclusion

Established as an alternative to top cryptocurrencies that struggle with scalability and high speed, Fantom Crypto has expanded to become one of the most popular and biggest digital currency communities globally in terms of development and size. Currently, Fantom (FTM) is among the top three daily active addresses.

By making sure that there are steady high transaction speeds and affordable fees, Fantom (FTM) is expanding its fan base across different industries, including gambling and sports betting. As its popularity increases, Fantom (FTM) moves closer to mass enterprise adoption, something that many investors are currently banking on.

Before you can invest in this digital currency product that has high potential in terms of growth, you need to check its strengths and weaknesses. Given its numerous benefits, it can be a perfect match for a serious investor looking to invest in any industry, whether gambling, technology, healthcare, or consumer discretionary.