Factom, as you know, has been in a small downtrend over the past two weeks after hitting a high of $3.50 USD, and is currently trading back below the 3$ level. What many traders don’t know is that this coin also has products and services backing its value, and recently celebrated its one year anniversary on September 01, 2016. This posits FCT as a more established coin than some of the new coins that recently hit the market, and not only that, they seem to have steady growth. The big question, we posed a few weeks ago was when FCT would pass $3, but after further research, the big question is when will FCT past $10.
While this may seem a little far-fetched, given it’s small supply of under 9 million coins, and increasing uptake on the business service side, some analsysts predict this coin to be a top contender in the Alt markets by the end of the year. Is now a good time to buy?
As one of the few coins truly built for enterprise, this coin has some extra merit points on the trading scales given the possible exponential growth it can achieve in new business, new investment, and widespread reach.
Not only that, but the FCT coin has a strong business team, and recently updated their brand for consistency between the .com and .org sites, and remains a possible contender as a top alt-coin in the near future according to their website.