Factom Price Today: FCT Valuation Trends, Market Analysis and Trading Guide

Navigating the world of Factom cryptocurrency valuation trends invites a comprehensive look into several facets of this intriguing digital asset. From Factom price history analysis to market cap and trading volume insights, the journey uncovers patterns that shape the current investment landscape. As we dissect Factom FCT price prediction 2024 and explore how to buy Factom tokens on exchanges like Gate, readers will gain valuable strategies for engaging with this evolving market. Moreover, understanding Factom blockchain use cases illustrates its potential impact on enterprise data integrity, revealing opportunities within today’s nuanced cryptocurrency ecosystem.

Factom (FCT) is currently trading at $0.01 USD, reflecting a 24-hour change of -4.54% with a trading volume of $1,826,800.82. The cryptocurrency maintains a circulating supply of approximately 1.09 billion tokens and a total market capitalization of $13,437,508.10. Over the past hour, FCT has experienced a 0.47% increase, though this modest movement reflects the broader market dynamics affecting Factom cryptocurrency valuation trends. The token trades across multiple exchanges, providing accessibility for those interested in acquiring positions. With a 1-hour uptick against a 24-hour decline, current price action suggests consolidation patterns typical of low-volatility assets. The 7-day performance shows a -4.89% decline, indicating sustained downward pressure over the short-to-medium term. Understanding these immediate metrics is crucial for traders monitoring Factom’s recent market behavior.

Factom’s historical trajectory presents a significant narrative of market evolution within the cryptocurrency space. The asset reached an all-time high of €70.58, representing substantial gains during the 2017-2018 cryptocurrency expansion period. Currently trading near €1.85, this represents approximately a 97.4% decline from peak valuation. This Factom price history analysis reveals the project emerged during the early blockchain innovation wave when enterprise data solutions generated considerable investor enthusiasm. The 60-day performance metric of -37.08% and 90-day decline of -54.37% illustrate continued downward momentum over extended periods. The average trading price of €6.43 sits substantially above current levels, indicating prolonged periods of deflation. Such dramatic retracement from historical peaks to current valuations reflects evolving market sentiment regarding enterprise blockchain applications and competitive pressures from alternative solutions. The extended price history demonstrates how initial enthusiasm for specific use cases can diminish as technology landscapes shift and new competitors emerge with enhanced capabilities or market positioning.

Factom market cap and trading volume metrics reveal important information about liquidity conditions and investor participation. The $1.82 million daily trading volume across approximately nine trading pairs indicates concentrated trading activity rather than widespread distribution across numerous exchanges. This market structure creates potential liquidity challenges for large position management, as substantial buy or sell orders could generate notable price impact. The complete dilution market cap of $13,624,828.03 approximates the current market cap, suggesting minimal unlocked supply surprises. Volume changes demonstrate relative stability with minimal daily fluctuations, reflecting the modest trading interest in this particular asset. The supply dynamics indicate that while a substantial number of tokens exist in circulation, actual market demand remains restrained. Understanding these volume and market cap characteristics proves essential for evaluating realistic entry and exit parameters for traders considering FCT exposure.

Factom’s foundational design targets enterprise applications requiring immutable data recording and verification mechanisms. The blockchain addresses critical business requirements where data tampering detection and audit trail maintenance provide substantial operational value. Factom blockchain use cases primarily encompass supply chain documentation, intellectual property registration, medical records management, and regulatory compliance frameworks where timestamped, unchangeable records deliver competitive advantages. Enterprise environments benefit from the ability to anchor data onto a decentralized ledger without requiring organizations to maintain full blockchain infrastructure themselves. The protocol facilitates integration with existing enterprise systems while providing cryptographic proof of data existence at specific temporal points. Such applications proved particularly relevant during the 2017-2018 period when enterprise blockchain adoption appeared imminent, driving substantial FCT valuations. However, subsequent market developments introduced alternative approaches to data integrity verification, including competing protocols with enhanced scalability or different consensus mechanisms. The current market conditions suggest that while the theoretical use cases remain valid, practical enterprise adoption has not materialized at levels sufficient to generate sustained investor demand or token utility appreciation.

Acquiring Factom tokens requires navigating established cryptocurrency trading infrastructure. Prospective investors should first establish accounts on cryptocurrency exchanges where FCT maintains active trading pairs, verifying that their chosen platform operates in their jurisdiction and maintains proper regulatory compliance. The account verification process typically involves identity confirmation and address validation before trading privileges activate. Once account establishment completes, users deposit fiat currency through available methods including bank transfers, card payments, or existing cryptocurrency holdings. After depositing funds onto the exchange, traders navigate to trading terminals and locate FCT trading pairs—common pairings include FCT/USD, FCT/USDT, or FCT/BTC depending on exchange offerings. Setting purchase orders requires specifying desired quantities and price parameters, with market orders executing immediately at current prices while limit orders execute only when prices reach specified thresholds. Successful trades credit purchased FCT tokens directly to exchange wallets. Security-conscious investors frequently transfer holdings to self-custody wallets rather than maintaining extended holdings on exchange platforms, implementing private key management for enhanced asset protection. Understanding fee structures proves essential, as different exchanges apply varying commission rates and trading costs that impact overall acquisition expense. Proper research into exchange reputation, liquidity depth, and security infrastructure helps ensure reliable transaction execution when purchasing Factom tokens.

The article explores Factom’s (FCT) current price and market performance, providing valuable insights into its valuation trends and trading dynamics. It addresses the recent price action, Factom’s historical market journey, and crucial metrics such as market cap and trading volume, helping traders understand liquidity and participation levels. The piece also delves into Factom’s enterprise blockchain use cases and illustrates a step-by-step guide on purchasing FCT tokens through platforms like Gate, highlighting essential procedures and security considerations. This comprehensive analysis caters to investors and traders interested in Factom’s market behavior and enterprise blockchain applications. #CryptoMarket# #market# #AssetsAnalysis#