Factom (FCT) Live Price Chart & History

Price USD -2.18%
$9.670850
Price BTC
0.00130654
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$84.6M
Market Share
Live FCT / USD Price Chart

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Since launching at $0.210281 on 06/10/2015 Factom has achieved a price of $9.67085, falling -8.76% in the last week alone.

Factom Price Analysis: Predictions and Forecasts

Why buy Factom? What is it used for?

Factom is a system for securing millions of realtime records in the blockchain with a single hash. This gives you the tools to build applications with all of the security of the blockchain without the speed, cost, or size limitations. Our goal is to involve the Bitcoin and Crypto community to engage with us, look at our work, and collaborate with developers across the industry and beyond. Factom is a next generation platform for creating enterprise tools and applications using Blockchain technology. Factom allows you to build applications on top of the Bitcoin blockchain. Factom uses a simple API that lets you build projects that were not possible before while still harnessing the trust and security of the Blockchain... In today’s global economy trust is in rare supply. This lack of trust requires the devotion of a tremendous amount of resources to audit and verify records - reducing global efficiency, return on investment, and prosperity. Moreover, incidents such as the 2010 United States foreclosure crisis demonstrate that in addition to being inefficient, the current processes are also terribly inaccurate and prone to failure. Factom removes the need for blind trust by providing the world with the very first precise, verifiable, and immutable audit trail. In the past, records have been difficult to protect, challenging to synchronize, and impossible to truly verify because of the manual effort involved. Computers automated some of these tasks, but they are even harder to protect, synchronize, and verify because computer records are so easy to change. Authority is fragmented across innumerable independent systems. Blockchains provide a distributed mechanism to lock in data, making data verifiable and independently auditable. Bitcoin’s blockchain is the most trusted immutable data store in existence; however, it is not very useful for non-Bitcoin transactions. Factom gives businesses access to blockchain technology without getting bogged down in currencies.
Factom was launched in 06/10/2015. It uses the FCT Consensus method of consensus, and is based on the N/A algorithm. Factom's goals include Transparent public records, Unlimited data storage, Copyright proof, Counterfeiting documents impossible, Fraud resistant, No single point of failure. Auditing solutions, Identification, Prevents corrupt data, Near Field Communication (NFC) RFI Solution, Document Authentication.

Will the price Factom fall continue to rise?

It's impossible to predict for sure if Factom is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Factom has fallen by -8.76%
  • In the past month it has lost -7.1263426094027%
  • In total it has appreciated by $9.460569 since its inception, a change of 4,599.01%

Can Factom reach, replace, pass or overtake bitcoin?

At present Factom is trading at 0.00130654 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 76,538.0%. If we assume Factom continued to as it has in the last month - with a price change of -7.13% it would take -8.2811166491202 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of FCT is going to take off and increase in price to a higher level we've done the math for you.
In order for Factom to reach $10.00 it needs to increase in price by a factor of 1.03x. Given its present growth rate of -7.13% per month, it could take just 0.2 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $15.00 it needs to increase in price by a factor of 1.55x. Given its present growth rate of -7.13% per month, it could take just 2.2 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $25.00 it needs to increase in price by a factor of 2.59x. Given its present growth rate of -7.13% per month, it could take just 4.7 months to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $50.00 it needs to increase in price by a factor of 5.17x. Given its present growth rate of -7.13% per month, it could take just 8.2 months to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $100.00 it needs to increase in price by a factor of 10.34x. Given its present growth rate of -7.13% per month, it could take just 11.6 months to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $200.00 it needs to increase in price by a factor of 20.68x. Given its present growth rate of -7.13% per month, it could take just 1.3 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $300.00 it needs to increase in price by a factor of 31.02x. Given its present growth rate of -7.13% per month, it could take just 1.4 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $400.00 it needs to increase in price by a factor of 41.36x. Given its present growth rate of -7.13% per month, it could take just 1.5 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Factom to reach $500.00 it needs to increase in price by a factor of 51.70x. Given its present growth rate of -7.13% per month, it could take just 1.6 years to hit a price target of $500 USD

What is the probability of hitting $500.00 over time?

Time periodChance final price > $500Chance final price < $500
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Factom a good investment? Is it safe to put my money into FCT?

No, it is not a 'good investment' to buy Factom, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Factom as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of FCT - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is Factom? Interest Over Time

Where is Factom most popular?

Factom Development + Team

There are 10 developers coding the source behind Factom There are no sales or marketing staff on the team which could impede the coin's growth.

Factom doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for Factom is lead by Paul Snow,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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