Factom
Last modified on 11. October 2020
Quick Facts
The same symbol is furthermore used by FirmaChain.
The user known as Factom Protocol launched Factom on 28 November 2018 at bitcointalk.org. The collection of real-time trading data by coinmarketcap.com began in November 2015.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of Factom during the first trimester of 2019 was just under US$ 191 k per day. This figure came to over US$ 10.9 m during the same time frame in the previous year. In other words, the previous/prior volume growth has almost entirely receded.
The average market capitalization during the first trimester of 2019 equated to over US$ 59 m. In the same period of 2018, this figure came to over US$ 324 m. The corresponding drop down in market capitalization equated to 81.8 percent.
Trading Price
In the first trimester of 2019, the average trading price equated to just under US$ 6.83. In the same time frame of 2018, this figure came to nearly US$ 40.5. The corresponding price drop down equated to 83.1 percent.
The all-time high of Factom in 2018
The Factom currency climbed to a high in January 2018 at nearly US$ 87.2. The equivalent market capitalization of the coin reached over US$ 624 million. This put Factom in the ballpark of certain other digital currencies, such as Basic Attention Token, Redd, Decred, QASH and Dent, among others.
Factoms all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 277 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.
- Factom (FCT): 0.624 bn US dollars
- Bitcoin (BTC): 277 bn US dollars
- Apple (AAPL): 890 bn US dollars
- VW (VWAGY): 108 bn US dollars
- Date: 7 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Factom stood at US$ 6.37 with a market capitalization of over US$ 57 million. Compared with the highest trading price described above, this represents a decline down to approximately 7.3 percent.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Factom-Coin is not generated by mining. It has no maximum number of coins, unlike Bitcoin, for example. If you are interested in the source code, be sure to also visit the GitHub page.
This block explorer can be used to track the current block height and other recently updated statistics around all Factom transactions.
To learn more about Factom, download the white paper or find more links to community forums, source code and social media channels, visit factomprotocol.org.
Markets
BTC
The trading platforms for buying or selling Factom in BTC are Bittrex, Liquid and VCC Exchange, among others.
Social Links
You can contact the Factom team directly by going to the following social media channels:
1. Or 0.0089 percent, if omitting Bitcoin.