What You Should Know Before Converting FTM to BNB?


The 2021 bullish cycle is already 2 years behind us, with many of the high performers having lost most of their value. More often than not, many projects plummeted in value due to a lack of fundamentals and adoption. 

Unfortunately for Fantom, this is exactly what happened. Although the project managed to keep some of the promises, the platform never managed to compete with some of the leaders in the industry. Of course, the BNB Chain was one of the most successful smart contract platforms and remains the most used blockchain in the industry. 

What You Should Know Before Converting FTM to BNB

In this article, we compare FTM to BNB and try to assess which one is the better investment in the medium and long term.

What Is FTM?

Fantom is a highly scalable smart contract platform that functions on the concept of directed acyclic graphs (DAG). As such, Fantom is not a blockchain in the proper sense of the term, although it conserves a decentralized ledger structure. This allows transactions to be executed at different times and achieve finality within 1-2 seconds. 

Consequently, Fantom has provided the Opera smart contract platform, where developers can launch highly efficient dApps for DeFi. This EVM-compatible protocol allows easy onboarding and code portability in Solidity, the main programming language for Ethereum. 

Finally, it’s worth noting that the FTM crypto is used to stake in the protocol, secure it, and participate in the governance of the platform. 

What Is BNB?

BNB is the native cryptocurrency of the Binance ecosystem, which is comprised by multiple puzzle pieces. The BNB token is integral to the Binance Exchange, the Binance Chain, and the BNB Smart Chain. 

Initially, the BNB token was only used as a rebate token for trading fees on the Binance exchange. However, over the years, this crypto gained multiple use cases, as the Binance ecosystem started to grow. 

The biggest change to its usability came with the Binance Smart Chain in 2019, where BNB became the gas token for this smart contract protocol. Thanks to the popularity of Binance as a brand BNB smart chain immediately gained mainstream adoption, with thousands of dApps and tokens launching on it. 

As a result, BNB became one of the most praised blue-chip tokens in the industry. It gained enormous traction in the newfound DeFi ecosystem on the BNB chain. Moreover, it could be plugged into new decentralized financial applications such as liquidity pools, lending protocols, NFTs, and much more. Also, check out How do I Find my PayPal Credit Card Number?

What to Expect in the Future?

Fantom has been struggling in the bear market, whereas BNB managed to conserve most of its value. Let’s check out their future price predictions from reputable internet outlets, so you can compare them with the JASMY coin price prediction, which also manages to maintain its price and position. 

FTM Price Prediction

Priceprediction.net hopes to see FTM reach at least $0.73 by 2025. Considering it’s currently trading at $0.24, this should result in a 3x increase in 2 years. For 2030, the website provides a target of $5.04 per token. 

BNB Future Price

For BNB, the bear market has been more lenient. Currently trading at $243, analysts have quite enthusiastic views for this crypto. 

Priceprediction.net is giving us a target of $711.65 for 2025, already surpassing its all-time high.  For the longer term, in 2030, the website expects BNB to reach at least $4,906.77. 

Is It Profitable Now to Convert FTM to BNB?

Although price prediction websites provide similar growth targets for FTM and BNB, we need to take a closer look at the fundamentals. FTM has been struggling to gain mainstream traction and adoption. Moreover, the chain was struck by a bridge exploit recently, having ~$150 million drained from its TVL. 

BNB on the other hand keeps growing and increasing its user base. Although much of its growth is owed to its brand recognition, that doesn’t make it less successful. Consequently, BNB seems like a smarter choice in this comparison. 


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