Factom (FCT) is a next-generation blockchain project that provides blockchain-based data provenance with legacy system integration for businesses and organizations. Factom is an enterprise-class data integrity protocol and is immutable and independently verifiable. This means that it is fundamentally designed to protect a data store. The Factom blockchain uses decentralized technology to maintain transparent public records for businesses.
The Factom protocol aims to provide blockchain-based data security solutions for existing organizations that want to avoid using cryptocurrencies. Factom is aimed at businesses that regularly need to store and transfer large amounts of data in data-intensive industries such as real estate, law and healthcare. Development of the Factom protocol began in 2014, and in 2018 it transitioned to a fully decentralized, public version with the main goal of serving as a resource-driven data store.
What Factors Affect FCT Price?
The factors that affect the FCT price are technological infrastructure, market movements and chain structure. Since Factom is a protocol that can store any type of data on the blockchain, the security of the data is cryptographically encrypted and then published on the Factom blockchain.
Factom works as an open-source blockchain record-keeping network and is permissionless. The protocol is based on a proprietary consensus algorithm where data entries are sent to the network and then a trusted node provides an order confirmation for the entry.
Since Factom is a protocol designed to maintain an immutable and independently verifiable data store, FCT price is highly relevant for businesses that need to store and transfer large amounts of data on a regular basis, especially in data-intensive sectors such as real estate, legal and healthcare.
FCT Price Prediction 2024
In 2024, the minimum price forecast of FCT Coin is 0.7 USD, the average price forecast is 0.9 USD and the maximum price forecast is 1.2 USD.
FCT Price Prediction 2025
In 2025, FCT Coin is expected to move with a minimum price forecast of USD 1.1, an average price forecast of USD 1.4 and a maximum price forecast of USD 1.9.
FCT Price Prediction 2026
In 2026, FCT Coin’s minimum price forecast is 1.5 USD, the average price forecast is 2.0 USD and the maximum price forecast is 2.8 USD. However, it is among the predictions that price mobility will change over time.
FCT Price Prediction 2027
In 2027, FCT Coin is predicted to reach a minimum price prediction of 2.2 USD, an average price prediction of 2.9 USD and a maximum price prediction of 4.0 USD. 2027 is an extremely important year for security-based coins.
FCT Price Prediction 2028
In 2028, FCT Coin’s minimum price forecast is 3.2 USD, with an average price forecast of 4.3 USD and a maximum price forecast of 6.0 USD. It is important to note that this pricing will fluctuate over time.
FCT Price Prediction 2029
In 2029, the minimum price forecast of FCT Coin is 4.7 USD, the average price forecast is 6.3 USD and the maximum price forecast is 9.0 USD.
FCT Price Prediction 2030
In 2030, FCT Coin’s minimum price forecast is 6.9 USD, the average price forecast is 9.2 USD and the maximum price forecast is 13.0 USD. Only here, trading above 10 USD depends entirely on the mobility and whether the coin’s 2027 targets are met.
| Year | Min. Price | Average Price | Max. Price |
| 2024 | 0.7 USD | 0.9 USD | 1.2 USD |
| 2025 | 1.1 USD | 1.4 USD | 1.9 USD |
| 2026 | 1.5 USD | 2.0 USD | 2.8 USD |
| 2027 | 2.2 USD | 2.9 USD | 4.0 USD |
| 2028 | 3.2 USD | 4.3 USD | 6.0 USD |
| 2029 | 4.7 USD | 6.3 USD | 9.0 USD |
| 2030 | 6.9 USD | 9.2 USD | 13.0 USD |
Expert Opinions About FCT
Experts give the following opinions about Factom coin:
First of all, it is important to note that the information in this section, which includes the opinions of coin experts, reflects the opinions of experts and does not constitute investment advice in any way.
Experts believe that FCT Coin has great potential in the market due to its unique features and capabilities. Since FCT is the first blockchain technology that can be used for data management and storage, it offers a huge advantage in a world that is increasingly dependent on data. The decentralized nature of FCT is more secure and reliable compared to other forms of data storage, which is the main reason why many people are investing in this cryptocurrency.
However, as with other cryptocurrencies, there are disadvantages to investing in FCT coins. Cryptocurrencies have high volatility, which means that prices can fluctuate a lot. This uncertainty can make investing in FCT Coin risky, especially for those who are not familiar with how the cryptocurrency market works.
Another challenge of investing in FCT is that blockchain technology is still in its infancy, which means there are many unknowns and uncertainties that could affect the coin’s value.
There are a few things to consider before investing in FCT. First, it’s important to conduct thorough research to understand the basics of the cryptocurrency market and the fundamentals of the FCT coin. You should be willing to take risks and take a long-term view when investing in FCT. Finally, it is important to have a clear understanding of your investment objectives and to diversify your portfolio well.
