Factom (FCT) News – Factom (FCT) price rises by 31% in 3 months

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Most of the cryptocurrencies are stagnant when you look at the past 3-month performance. There are however a handful of cryptocurrencies which have actually risen significantly. Factom (FCT) is one among them. It is providing a positive return in the past 3 months.

Factom (FCT) Price rises with 31% in 3 months:

When you look at the price of Factom (FCT), it was trading around $ 4.6. Currently, it is trading around $ 6.03. It clearly indicates that in the past 3 months, it has risen by 31%. When you look at the overall cryptocurrency market performance, you will realize that this is stellar performance. Moreover, it is on the radar of many investors. In the interim, it had gone up to $ 16 as well. That is why it is increased significantly.

Before you think about venturing into this cryptocurrency, it is important to understand what it has on offer. When you understand its blockchain as well as the offerings, thereafter only you can make a decision about buying Factom (FCT). Factom (FCT) is collating a blockchain which will allow you to interact and integrate data. Moreover, it is also trying to secure the data on the blockchain. As a result, the various applications and systems which are in the blockchain will be completely secure and will be able to interact with each other without any problem at all.

The only bit of problem is that there are quite a few cryptocurrencies which are looking to achieve the same. Iota (MIOTA) is also trying to achieve the same. It syndicates various sensors and other smart devices to allow companies to buy data as well as used it for their research as well as development purposes. That is why, it is not like Factom (FCT) is doing something unique. There are other cryptocurrencies which are well ahead of it in terms of integration as well as marketing.

Even though, it is rising significantly but it is a good idea to take it with a pinch of salt. If you’re planning on investing in Factom (FCT), it is important to understand that there is considerable amount of competition. That is why, it is a good idea to research about the competitors and traction which Factom (FCT) is gaining. Once you do that, it will be easier for you to decide whether the fundamentals justify the price or not. Considering the fact that it has risen by 13% in just 3 months, it might be a good idea to wait it out. Once the correction happens, you can check the fundamentals and thereafter think about investing in Factom (FCT). It is not a good idea to change the momentum. So, in spite of Factom (FCT) price rising by 31% in 3 months, it might be worth a must.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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