The month of December through to February saw a huge growth for Bitcoin and other cryptocurrencies. One such hidden gem in the growth was FantomCoin (FCN). In the month of November this cryptocurrency was trading at a mere $0.09 and saw an all time high of $0.48 in the month of December. That’s a growth of almost 433%, that too in a single month! Let’s see what makes FCN so special.
Merged Mining First Mover Advantage:
FCN is the first cryptocurrency to support merged mining. What does this mean? It simply means that you can mine FCN with any other cryptocurrency pair that it supports without having to dedicate extra hashing power and resources. Moreover, unlike most other cryptos, this coin doesn’t require GPU mining. This means that you can start mining FCN from any computer using CPU resources. Currently FCN can be merge mined with the following crypto pairs from Miner Gate: ByteCoin (BCN), Monero (XMR) and QuazarCoin (QCN).
Based on Monero’s principles:
FCN allows anonymous transactions and much like Monero, FCN transactions are untraceable. It was launched on 6th June, 2014.
Low Transaction Fees:
Transaction fees for FCN are pretty low. Currently it has a transaction fee of just 1 FCN which is pretty cheap compared to the Big Boss BTC.
Growth ahead:
Looking at the positive developments in this cryptocurrency recently, it seems like this coin is on it’s way to reach $1 pretty soon and because of it’s shared principles as well as first mover in merged mining advantage it’s quite possible for this crypto to reach an all time high of $10 in near future.
NOTE: Trading in cryptocurrencies in a high risk game. This article is just my personal opinion based on my experience in investing in cryptocurrencies. Please invest at your own risk.
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