Fantom Price Prediction 2023, 2024, 2025: Will FTM Price Surge To $0.5?

The post Fantom Price Prediction 2023, 2024, 2025: Will FTM Price Surge To $0.5? appeared first on Coinpedia Fintech News

The crypto-verse has been generous enough to aspiring and innovative projects. That bring in drastic changes to the ecosystem by offering unique services. One such protocol that holds the potential to revolutionize the DeFi world with its smart contracts is Fantom.

The vision behind the launch of the FTM token was to integrate the compatibility between all transaction platforms around the world. The platform is known for employing the “Direct Acyclic Graph” (DAG) smart contract platform, which empowers the scalability of the network.  

The distinctive strengths of the network and the recent 335 M FTM incentive program, have caught the interests of marketers. Who are keen on, if FTM price could propel to the $1 mark this 2023. Are you one of the many investors keen on FTM? Look no further, as we exhibit the possible price prediction of FTM for 2023 and the years to come.

Overview

Cryptocurrency	Fantom
Token	FTM
Price	$ 0.26495463 -3.02%
Market cap	$ 742,836,032.4330
Circulating Supply	2,803,634,835.5266
Trading Volume	$ 63,904,487.0282
All-time high	$3.48 on 28th October 2021
All-time low	$0.001953 on 13th March 2020
24 High	$ 0.2779
24 Low	$ 0.2624

*The statistics are from press time

FTM Price Prediction November 2023

The crypto industry had experienced a volatile month as the market experienced massive turbulence in charts. The month of November has started on a positive note as the price is constantly gaining momentum.

The RSI was seen trading close to the overbought range indicating a massive buying and selling power in the market. The price recently experienced a minor correction, resulting in the averages trade close to the mid-point.

If the bulls manage to push the price above the $0.2746 then the price will experience a bullish momentum. If the price holds itself above that level then the continue to gain and test its resistance level of $0.2851 soon. Further, if the bullish moment continues then the price will test its upper resistance level of $0.300 by the month-end.

On the contrary, if the bears overpower the bulls, the coin will start trading under a bearish influence and fall to test its support level at $0.2547. Moreover, if the FTM price fails to hold its price above $0.2547 then the coin will continue to fall and test its support level of $0.2296 soon.

Fantom Crypto Price Prediction 2023

Following the surge from the January, the coin has been constantly trading in a descending trend. The bulls have failed multiple attempts to break the trend but have failed to do so resulting in the price to lose its value. The FTM coin had experienced a death cross in the month of May, following which the coin has been constantly declining.

Following the recent price pump, the price had experienced a significant rise in value, as it recorded a gain of over 39% within the past month.

The RSI was seen trading below the mid-point since April. After failing multiple attempts the averages finally displayed a massive spike in its chart, indicating a massive buying over selling pressure in the market. Further, the average trades close to the overbought range, suggesting the price to continue gaining value.

If circumstances favours the vision of Fantom, initiatives such as incentive programs, perks of the network, and the stance of the community. Could accelerate the adoption of the protocol, which could bring in newer investors. Wherefore, the price might surge to its maximum annual closing target of $0.402. 

On the contrary, if things go unplanned and if the digital asset falls prey to negative criticism and FUD. The price of the altcoin would settle at its potential low of $0.165. That said, considering all the viewpoints, the digital coin’s promising average price could be $0.283.

Fantom Price Prediction 2023 – 2030 

Fantom Price Forecast 2024

With an increase in volumes, deployment of newer dapps, and with the 335 M FTM incentive program bearing fruits. The price of the digital asset could reach a new potential high, as marketers would hold a bullish outlook. The social sentiments could drive in higher volumes. The increase in hodlers will be optimistic sign for the long-term propulsion of FTM’s price. 

Successively, seeking impetus from hodlers the price would remain immune against massive downswings. Conversely, the rise in bullish volumes will help FTM price rise to a maximum of $0.527. On the flip side, it could take a dip to the lows of $0.321. That being said, the average price might land at $0.424. 

Fantom Price Prediction 2025

When predicting the price for the long term, it is implicit to analyze the asset’s historical footprints. And how it behaves when bears overtake the market. From a historical point of view, Fantom remains relatively volatile during market fluctuations. Hence, by the end of 2025, at minimum, the price could flip to $0.485. 

As the coin continues to evolve, this super-fast smart contract platform has the potential to reach $0.710. The impetus for which could come from greater adoption of the protocol. And successful collaborations and alliances. That said, factoring in its average trajectory over its cycles, the price of Fantom could settle at intermediate levels of $0.597.

Fantom Price Prediction 2026

According to our analysts, FTM coin price prediction for the year 2026 could range between $0.636 to $0.940 and the average price of Fantom could be around $0.788.

Fantom Price Prediction 2027

According to our analysts, Fantom price for the year 2027 could range between $0.800 to $1.106 and the average price of FTM could be around $0.953.

Fantom Price Prediction 2028

According to our analysts, FTM crypto prediction for the year 2028 could range between $0.973 to $1.284 and the average Fantom coin price could be around $1.128.

Fantom Price Prediction 2029

According to our analysts, Fantom’s forecast for the year 2029 could range between $1.101 to $1.531 and the average FTM coin price could be around $1.316.

Fantom Price Prediction 2030

According to our analysts, FTM predictions for the year 2030 could range between $1.363 to $1.922 and the average Fantom price could be around $1.642.

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Fantom Price Prediction

Fantom is one of the young and promising altcoins. We have brought you some interesting predictions for this coin. According to CoinPedia’s formulated Fantom price prediction, it may smash $0.402 by the end of 2023.

On the downside, market fluctuations and uncertain global conditions, even failure of upgrades can be a possible setback for the altcoin. And thereby the DeFi token’s price may struggle to consolidate around $0.165 by the end of 2023. 

Fundamental Analysis

The Fantom protocol was launched by Dr Ahn Byung Ik, a computer scientist from South Korea. The foundation’s initial product offering done in 2018, went live mainstream in December 2019. The present CEO of the network is Micheal Kong. The innovative developers behind the network possess advanced knowledge in the field of full-stack blockchain development.

The team is intended to build a smart contract platform that integrates scalability and security. One of the consensus layers of the platform Lachesis enables Fantom’s Opera mainnet deployment. The modularity of the network is highly flexible as the developer team can deploy their existing Ethereum-based decentralized Fantom.

What Is Fantom Token?

Fantom is an open-source, permissionless, and decentralized smart contract platform. Built to counter the drawbacks of the previous generation blockchain networks. The DeFi token makes use of a revolutionary aBFT consent mechanism called Lachesis. This enables the token platform to be much faster and cost-efficient than previous technologies. 

Fantom has its own native token FTM, which intends to solve technical glitches related to smart-contract platforms, notably transaction speed. As per the reports, developers claim that they have lowered the speed below two seconds. The altcoin also makes use of a leaderless Proof-of-Stake mechanism to provide a high level of security. Moreover, the protocol is compatible with ERC 20 as well as BEP 2.

Fantom Historic Market Sentiments 2019 – 2022

• Fantom made its debut in December 2019 with an ICO of $1.94. In the same month, the price fell to around $0.0386. 
• As the platform was not so active during the initial months. The coin lingered at $0.01289 for at least 4 months till year-end.
• The FTM price didn’t have any significant gains in the year 2020 as there were no events or fundamental upgrades. 
• Till the end of December 2020, the price hovered around the price level of $0.0184. 
• Fantom initiated its rally with a price of $0.01648. The series of events and listing on Gemini helped the price surge over $0.8185 by May 8th.
• However, due to the Chinese market crisis, the price plunged back drastically to $0.2524. The PoS token regained momentum by surging 941% to the $1.7 milestone on September 9th.
• The Chinese market turmoil disturbed the price rally again, dumping the asset’s price to $0.9896 in the same month. 
• Forming a rising wedge pattern the price surged by more than 300% on October 8th taking the price to $2.38. After taking a dip of over 50% amidst prolonged bearish trends, FTM posed a 2X run to $2.38. 
• FTM price had initiated its run to 2022 with a price tag of $2.2552. The altcoin climbed up to its quarterly high of $3.374 by the 17th of January. But the rise was short-lived as the FTM price plunged to $1.8100 by the 22nd of January.
• Ranging south, FTM’s price witnessed the bottoms at $1.314 on the 24th of February. After a short-term rebound, the first quarter was closed at $1.5430. 
• Fantom had initiated the second quarter with a price tag of $1.613. The second quarter was fatal for the altcoin, as the broader industry came across turbulence, amidst the insolvency crisis of major firms. Bearing losses of over 80%, the quarter was terminated at $0.2452. 

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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[Source: Coinpedia]