Factom (FCT) Technical Analysis #001 – A Rough Year For FCT Holders But Is The Worst Over?

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Factom (FCT) Technical Analysis #001 – A Rough Year For FCT Holders But Is The Worst Over?

Sun Jun 03, 2018 7:35 pm

Factom, the distributed record keeping system, has experienced a difficult time this year in terms of value against the USD. The cryptocurrency is currently down around 80% from the highs set out in January, but has recently shown some signs of a potential price reversal.

Factom, at the time of writing, is currently ranked at 100 and is being trading at a price of $16.56 with a total market cap value of $144.79 million. Over the past 24 hours the coin has seen a 4.5% increase in price.

As Factoids, the cryptocurrency behind Factom, is currently so far away from it’s all time high price of $127.81, it is pretty safe to say that the cryptocurrency has a lot of upside potential right now. Peter Kirby launched Factom in 2014 with the hopes to secure millions of records in a single hash on the blockchain. Since launching the team has come a long way and has recently launched a testnet version of their proof of concept.

With influential investors like Tim Draper and valuable grants provided from the likes of the Bill and Melinda Gates foundation, it is safe to assume that this cryptocurrency has a great deal of potential to have a bright future ahead of itself as development progresses.

Factom is setting a small foundation for a good bullish month in June, but can it gather the momentum?


https://zycrypto.com/factom-fct-technic ... orst-over/

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