In this Fantom crypto price prediction, we intend to elaborate on the most useful information for new crypto investors.
So, you can use this prediction to make well-informed, rational decisions in the future. That will help you avoid hasty, useless investment decisions in the future.
As the global economy enters a recessionary period, the popularity of cryptocurrencies rises while regular currencies (fiat currencies) decline. In a market where DeFi (decentralized finance) is all the rage, blockchain-based crypto appears to be the industry leader.
Not only that, but a plethora of mega-banks have recently announced billion-dollar investments and cooperative ventures. Put another way, after Ethereum, Binance, and Terra, it is the sixth largest platform ever built.
The $15 million investment announced by Singapore’s Hyper Network Capital has propelled Fantom to the top of the exchange. A cryptocurrency called Fantom, or FTM for short, has been making waves in the cryptocurrency world recently. Examine the introduction before reading the Fantom price forecast in detail.
|Name of the Cryptocurrency||Fantom|
|The Official Symbol of the Cryptocurrency||FTM|
|Price Change During the Past 24 Hours||-0.46%|
|Price Change During the Past 7 Days||-8.02%|
|Circulating Supply||2,545,006,273 FTM|
|Total Fantom ROI||+1581.28%|
Michael Kong, along with his blockchain development crew, runs the company. Fantom doesn’t only include smart contract capabilities but also provides a highly secure network of transactions with trading accounts.
The best thing about it is that it has no intermediaries. Hyperblocks is the company’s subsidiary that manages the verifiers that keep the Fantom blockchain safe.
Fantom is an alternate option to Ethereum that use a consensus methodology based on aBFT technology to verify transactions. This surely improves the convenience.
That’s in addition to reduced transaction costs and speeded up processing times. Through its cutting-edge aBFT consensus mechanism, Lachesis, Fantom is able to outperform its predecessors in terms of several aspects. Speed, cost, and security are only to name a few. The most widely-used Fantom feature is the moving average.
Introduction to Blockchain Algorithm
Before we go to the Fantom price prediction, let’s learn a bit about its algorithm as well. Fantom’s blockchain algorithm is the driving force behind the whole phenomenon, and its programmability is its primary focus.
Adding the blockchain environment to the Fantom ecology could be beneficial for both aspects. Because of this, users can take advantage of a digital coin’s monetary perspective and utilize Fantom for marketplace transactions. This includes those involving financial services, applications, games, and so on.
As was previously mentioned, Fantom allows programmers to create smart contracts. Under certain conditions, that would automatically execute assignments.
Besides, reading this Casino Coin price prediction up to 2031 will let you to make a correct decision before investing, if you wonder if CasinoCoin is a good investment.
Collaborations and Partnerships of Fantom
Here’s more you should know about this coin before jumping into an FTM price prediction. The Fantom Foundation recently announced a wide variety of new alliances. The plug-n-play nature of Fantom allows businesses to create blockchain networks that are private/permissioned.
As a result, they’re able to grow internationally and gain access to a large community of users and DAPPs. It also benefits from regular updates and enhancements. The term “Enterprise Fantom” describes a canonical set of regulations and technical, analytical requirements for the Fantom platform. And it aims to hasten business adoption of blockchain technology.
Recently, Fantom revealed a significant improvement to blockchain technology with a new product called Go-opera. This increased the speed of transactions by a factor of several and boosted the efficacy of the network overall.
Fantom has risen to great heights thanks to the support of people like Mark Cuban. It also has valuable partnerships with successful people like Formula One driver Pierre Gasly.
Fantom has partnered with Clover Finance and Superfarm, so its development is accelerated development within the DeFi ecosystem. In fact, DeFi is where non-fungible assets are used.
Historical Analysis of Fantom
When it comes to building a Fantom crypto price prediction, it is always important to view historical analysis. Even Fantom doesn’t break the mold. It has seen its share of highs and lows.
However, the current pace it’s keeping makes it look like it’s trying to break some kind of record. From its beginning in 2019 to its midpoint in June, Fantom’s price has trended upward. However, after reaching its all-time high of 0.034 USD in June, the FTM coin began a downward correction.
In 2020, Fantom’s stock fell steadily until a crash in March. The value of one Fantom token dropped to $0.001953 in the mid of 2020, an all-time low. In September of 2020, its value had risen above $0.05 thanks to a subsequent spectacular bull run.
However, after showing impressive growth, FTM saw a dramatic decline, and by December 2020, the price had retested $0.016.
Also, if you wonder, is NuCypher a good investment? Will Nu crypto have a profitable future? Here, this comprehensive NuCypher price prediction will help you figure them out.
It Records a Significant Growth over the Past Couple of Years
In this FTM coin price prediction, we should say that Fantom’s growth since the last year was phenomenal. It does allow you to overtake and even surpass its modern-day cryptocurrency market rivals.
The price of FTM reached a new all-time high of $0.8 as a result of this dramatic increase. After then, in July of last year, the price of a single coin dropped to below 0.25 USD.
In October of 2021, Fantom hit a new all-time high of $3.48. Then, the coin’s price continued to fluctuate widely; today, it’s trading with a bullish trend at roughly $2.8.
Fantom Price Prediction Up to 2025 and Beyond
Now, we are going for the Fantom price prediction, which is the elephant in the room.
Prior to the start of the new year, investors witnessed something exciting. Those who had bet on the phantom price saw a large increase in their gains from chart trading.
There are currently 2,545,006,273 FTM in circulation, giving the total value of the cryptocurrency market to be $7,268,948,119. Fantom FTM has a 24-hour volume of 1,052,908,880.68 USD with a current price of approximately $2.8.
Price Prediction for 2022
Here’s our Fantom crypto price prediction for 2022. The trading crypto market takes a retrospective look at how FTM crypto performed with partnerships & community investment.
On top of that, it predicts that FTM crypto would peak at 3.65 USD. That brings an average of 3.38 USD and a drop to $3.2—a highly optimistic but not impossible scenario.
Price Prediction for 2023
Should we expect a Fantom crash? Predicting FTM prices may experience its share of foggy days due to changes in government policies and laws. Buyers will also have time to forget about the upcoming attack mission on its crucial resistance line at $4.
It happens while they play regularly there while keeping an eye on the trend. You can expect it if FTM Fantom can maintain support near $3.9.
In addition, technical analysis is used to set pricing. And that’s our FTM price prediction for 2023.
Price Prediction for 2024
You may expect long-term and short-term price objectives for buying Fantom or selling FTM/USD. As a result, the last push to the peak won’t be quite as taxing on Fantom FTM holders.
From a long-term low of 4.3 USD and an average of 4.5 USD, it has the potential to rise. So, we expect a value of about 4.7 USD in the future, as per our Fantom crypto price prediction.
Price Prediction for 2025
One of the most positive signs is the significantly increased number of tokens deposited into the contract. Even though the FTM is plunged, you can see such contribution through the daily charts.
This is determined by market capitalization and potential resistance levels. All the cryptocurrency experts in the industry agree that the value of FTM can increase up to 4.7 USD.
And such a boost can take place by December 2025. Such exciting performance can happen specifically due to the overall promising performance. It also has a solid algorithmic science as the backbone. So, in our Fantom price prediction for 2025, we have a lot of promising aspects to rely on.
Price Prediction for 2026
Seeing how the rising demand for decentralized applications over the past year has pushed up the price of FTM. In addition, upgrades will increase the network’s scalability to a value of 3,00,000 TPS.
That will shift the blockchain away from a resource-heavy approach. Given the network’s popularity and the number of projects developed on it, the value of Fantom could grow further.
In fact, it will show on the chart a record peak with a maximum value of $4.9. Such an instance will take place if developments are maintained and investing advice is followed. In 2026, the average value would be $5.1.
So, that’s all about our FTM coin price prediction. As you can see, this coin shows impressive performance. However, before investing in any cryptocurrency, including Fantom, you must research a lot and read plenty of price predictions.
You should always be smart enough to invest affordable potions in cryptocurrency since digital currencies are exceptionally volatile. Do you want to know anything more about Fantom? Please let us know.