Fantom Price Prediction 2023-2032: Will FTM Investors Waver in Crypto Winter?

Fantom Price Prediction 2023-2032

• Fantom Price Prediction 2023 – up to $0.30
• Fantom Price Prediction 2026 – up to $1.04
• Fantom Price Prediction 2029 – up to $3.22
• Fantom Price Prediction 2032 – up to $9.31

Fantom (FTM) was created to overcome Ethereum‘s limitations and create a new generation of blockchain solving the trilemma of scalability, security, and decentralization. However, with Fantom’s outstanding 2,108% growth and additional 2,000% unique addresses, FTM continues to struggle, losing 93% of its value from its ATH in Jan 2022. A better revenue-earning strategy must be put in place.

For 2023, we can expect FTM to spike to previous highs with the recent passage of a governance proposal bringing gas monetization to successful dApps. Gas monetization will benefit #Fantom‘s ecosystem of builders by introducing a new revenue source: monetizing the volume of transactions generated by their dApps. This aims to attract quality developer talent to ensure a healthy, sustainable network.

Fantom continues to attract investors as the billionaire investor and founder of HyperChain Capital Stelian Balta add another $15 million. HyperChain has a considerable investment track record in the past few years, a practice that enables them to keep doing well as other funds implode in the crypto winter. How has the Fantom community managed to navigate the chaotic crypto weather?

How much is FTM worth

Today’s live Fantom price is $0.32, with a 24-hour trading volume of $22M. Fantom has decreased by 3.42% in the last 24 hours. The current CoinMarketCap ranking is #60, with a live market cap of $ 553,528,184. It has a circulating supply of 2,799,826,285 FTM coins and a max. supply of 3,175,000,000 FTM coins.

Fantom price analysis: FTM experiences bearish pressure above the resistance zone at $0.30

TL;DR Breakdown

• Resistance for FTM is $0.30
• Support for FTM is at $0.19

Fantom price analysis 1-day chart:   FTM experiences bearish pressure

Analyzing the daily price chart of Fantom, FTM bulls have kept a strong grip on the market, driving the price higher as it breaks above  $0.286.  Over the last 24 hours, FTM aims to maintain its bullish sentiment as bears continue to pressure prices. The 24-hour volume has decreased to $22 million, showing a slight decrease in trading activity today. FTM price is currently trading at $0.32, decreasing by nearly 3.42% in the last 24 hours.

The Relative Strength Index (RSI)-14 trend line has declined and hovers around the 64-level, showing that bears currently control the market.  The SMA-14 level suggests a downward volatility in the next few hours.

FTM/USD technical analysis on a 4-hour chart: Bears form descending triangle

The 4-hour chart for Fantom price analysis shows that the cryptocurrency is trying to recover price. However, sellers’ confidence is still in full control of the market and has pushed the prices lower.  The market has formed a descending triangle pattern, which indicates that the bears are trying to decline the price.

The MACD trend line has formed bearish candles below the signal line, and the indicator aims for a negative reversal, strengthening bearish positions.

What to expect from Fantom price analysis next?

The hourly price chart confirms that FTM is experiencing a bearish momentum at $0.32. However, if FTM’s price successfully overcomes the bears and moves past $0.32, it may surge higher and touch a new resistance level at $0.38.

If the bulls fail to initiate a surge, the FTM  price may continue trading below the immediate support line at $0.18.

Recent news on Fantom

Fantom introduces Sonic: Andre Cronje, co-founder of Fantom, is introducing a significant upgrade called “Sonic” to modernize blockchain technology. Aimed at resolving speed and cost issues prevalent in networks like Ethereum and Bitcoin, Sonic promises a 65-fold speed increase for Fantom. The upgrade targets major financial institutions and requires a substantial stake in native FTM tokens

Partnership with LayerZero: Fantom Foundation has announced a bridging campaign in collaboration with LayerZero Labs. Users who bridge over $100 in LayerZero assets to Fantom will receive an NFT in their wallet. The campaign supports newly issued assets on Fantom, including $USDC, $USDT, $WETH, $WBTC, and more. The event is scheduled to run from July 13 to October 12. This initiative is part of Fantom’s ongoing efforts to foster interoperability and expand its ecosystem.

Fantom Price Prediction 2023-2032

Fantom Price Prediction by Cryptopolitan

Fantom Price Prediction 2023-2032

Fantom Price Prediction by Cryptopolitan

Fantom Price Prediction 2023

According to our Fantom price prediction for 2023, FTM is expected to grow to a maximum price of $0.4078 and a minimum value of $0.3823. However, the coin will likely stabilize at an average price of $0.3969.

Fantom Price Prediction 2024

Our Fantom price prediction for 2024 suggests that the cryptocurrency is expected to reach $0.6666 as the maximum price. Also, we anticipate a minimum price of $0.5624 and an average trading price of $0.5822.

Fantom Price Prediction 2025

According to our Fantom price prediction for 2025, FTM is expected to reach a maximum price of $0.9695. Also, the price of Fantom can reach a minimum of $0.7747, with an average value of $0.7980.

Fantom Price Prediction 2026

Our FTM price prediction for 2026 indicates that Fantom will achieve a maximum price of $1.36. Also, the digital asset may reach an average price of $1.16 and a minimum price of $1.13.

Fantom Price Prediction 2027

According to our Fantom FTM price prediction 2027, FTM will reach a maximum price of $2.00 and an average price of $1.72. The minimum price expected for the year is $1.67.

Fantom Price Prediction 2028

According to our Fantom price prediction for 2028, FTM might reach a maximum value of $2.86. Also, we anticipate a minimum trading price of $2.34 and an average price of $2.42.

Fantom Price Prediction 2029

Our Fantom price prediction for 2029 is a maximum price of $4.23. Our analysts project an average forecast price of $3.66 and a minimum price of $3.57 by the end of 2029.

Fantom Price Prediction 2030

Our Fantom price prediction for 2030 is that the FTM may attain a maximum value of $6.12 and an average trading price of $5.37. In addition, the minimum price is estimated to be $5.23.

Fantom Price Prediction 2031

According to our Fantom price prediction for 2031, FTM is projected to reach a maximum price of $9.20. The price of FTM may retrace to an average of $7.66 and a minimum of $7.39.

Fantom Price Prediction 2032

According to our Fantom price prediction for 2032, FTM may reach a high of $12.82 and an average price of $10.70. The lowest possible price is predicted to be $10.32.

Our predictions are bullish on FTM, but more importantly, it is essential to research before you trade FTM tokens. Also, invest what you can afford to lose.

Fantom Price Prediction by Wallet Investor

According to Wallet Investor, Fantom could be a bad long-term investment. They expect the coin to be worth $0.0417 in one year. By 2028, they expect the coin to devalue by 97%.

Fantom Price Prediction by Cryptopredictions

Cryptopredictions expects Fantom will have a maximum price of $0.579, with an average price of $0.463 by 2023. According to their Fantom Forecast, the coin’s lowest price by then is expected to be $0.394.

By 2024, Cryptopredictions predicts that Fantom will have a maximum price of $0.607 with a minimum price of $0.412. The average trading price of the coin is expected to be $0.485.

Furthermore, Cryptopredictions expects FTM coin to have a maximum price of $0.544 with an average trading price of $0.435 by 2025. However, the coin’s lowest price by then is expected to be $0.370.

By 2027, Cryptopredicts predicts that FTM will have a maximum price of $0.778, with an average trading price of $0.622. The coin’s lowest price by the end of 2026 is expected to be $0.529.

Fantom Price Prediction by Digital Coin Price

According to Digital Coin Price, FTM is expected to have a maximum price of $0.64, with an average trading price of $0.59 by 2023. The lowest price of the coin is predicted to be $0.25..

By 2026, they also predict that FTM will reach a maximum price of $1.31. The average and minimum prices of the coin are $1.22 and $1.12, respectively.

By 2032, Digital Coin Price predicts that Fantom will have a maximum price of $5.64, with an average trading price of $5.58. The lowest price of the coin is expected to be $5.45.

Fantom Price Prediction by Coincodex

According to Coincodex, FTM is expected to devalue and be worth $0.248 in 6 months. In one year, they predict that FTM will reach $0.90.

Coincodex also gave a long-term price FTM price forecast.. They expect the FTM to be worth $0.350 maximum by 2026, with a yearly low of $0.234. They also expect the coin to be worth $0.434 by 2030, with a yearly low of $0.118.

Fantom Price Prediction by Industry Experts

is bullish on Fantom. However, he predicts that Fantom will reach a price mark of $0.41 at some point this year (2023). They expect the coin to increase in the future with recent developments and upcoming updates in 2023.

Fantom Price History

Looking at the price increase of FTM in recent weeks, the token looks like a good investment. FTM price was bearish during the initial phase; you could buy Fantom at $0.02 initially and then drop as low as $0.003 in the subsequent weeks. Even though some investors early lost money, prices soon turned bullish.

In May 2019, prices plunged to depths of $0.02 once again. After consolidating in this zone for a while, prices dropped further toward $0.003 and continued to dip.

The token maintained its bearish prices until the onset of the 2020 bull run. The bull run extended the price action even more.

The prices once again knocked $0.02, and it remained bullish. In 2021, the prices turned even more bullish as the Fantom price began its journey towards $1, maintaining its upward trajectory to the current price range of $1.98 and $2.2 in February 2022.

The bulls took prices even higher in 2021. The FTM token hit all-time high level of $0.916 in May 2021. At the time, its market cap was $476 million.

In July, prices dipped as low as $0.12. A bullish outburst followed this bearish momentum as FTM broke resistance levels, finally reaching another all-time high of $1.66.

In September, the token dropped again to $0.98 before rallying to another all-time high at $2.33. Prices turned bearish again, dropping to $2.02 in October before finally reaching their all-time high of $3.48.

The FTM market cap currently sits at $3.019 billion and continues to increase. The trading volume is 1,127,951,248 USD, while the prices are down by 1.36%. The current price of the token is around $1.25.

The price history of Fantom (FTM) from 2022 to 2023 showcases a dynamic market trend with significant fluctuations. On August 16, 2023, Fantom’s price opened at approximately $0.2285 and experienced a slight variation, reaching a high near $0.2286 and a low around $0.2106, before closing the day at about $0.2155. Moving into September, the opening price on the 1st was around $0.2007, peaking at $0.2045 and dipping to $0.1988, with the closing price settling at $0.2039.

In the latter part of 2023, the volatility of Fantom’s price became more evident. By October 20, the opening price had decreased to roughly $0.1770, with the high and low of the day being $0.1838 and $0.1765 respectively, concluding at $0.1825. A notable surge was observed on November 10, with the opening price at $0.2597, reaching a significant high of $0.2962 and a low of $0.2587, closing at $0.2939. This trend of fluctuation continued, as seen on November 16, where the opening price was $0.3293, soaring to a high of $0.3771 and a low of $0.3274, before closing at $0.3498.

More on Fantom (FTM)

What is Fantom (FTM)?

Fantom (FTM) is one of the best-performing tokens in the market. It is the governance token of a directed acyclic graph (DAG) smart contract platform, popular for eradicating the issues related to smart contract contracts.

The platform provides higher transaction speed, with a more reliable infrastructure backing up the platform. Fantom launched in 2018, but the mainnet OPERA of the platform came out in December 2018. The platform’s creator is Dr. Ahn Byung Ik, but Michael Kong is its current CEO.

The Fantom team provides increased scalability, decentralization, and security and specializes in full-stack blockchain development. Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps using a new scratch-built consensus mechanism.

A unique feature of Fantom’s Mainnet is the Lachesis mechanism, which is responsible for 2-second transaction finalization and also brings several improvements to the existing proof-of-stake consensus.

The native token of the Fantom blockchain (FTM) aims to “grant compatibility between all transaction bodies around the world.”

$15M HyperChain Infusion

This latest eight-figure investment follows two previous investment rounds including an initial investment of $2.5 million made in 2018 when Fantom was founded and a $15 million investment in April of 2021.

The Fantom network is a high-performance, scalable, and secure smart-contract platform designed to facilitate decentralized, scalable, and secure applications.

According to data from the Fantom Foundation, there have been more than 178,000 smart contracts launched on the Fantom network to date, which process more than 850,000 transactions per day on average. There are currently more than 2.85 million unique wallets, with thousands more being added every day. As Fantom offers absolute finality, transactions can never be reversed and it offers institutional-grade security to distributed networks.

Fantom Price Perfomance

According to the official announcement shared by Fantasm Finance DeFi protocol, its mechanism was drained of $2,600,000 on 9 March 2022. Per the post-mortem, the exploiters utilized BNB Chain, Fantom, and Ethereum. The exploit was triggered by a previously unknown error in Fantasm’s pool contract.

The contracts’ devs missed the condition to check for the minimum amount of FTM injections required to mint XFTM, a synthetic asset of Fantasm. This flaw allowed the attacker to mint XFTM tokens with only FSM and exchange XFTM for FTM. The repayment campaign starts on 11 March 2022

They swapped FTM tokens to Ethers and moved the ETH from the protocol via Celer Bridge. The total amount lost amounted to approximately $2,622,097. On 10 March, the attackers started to wash their loot through the Tornado Cash mixer.

The Fantom community has submitted a new governance proposal to lower the self-staked amount required to run a validator node. When writing, the community needs to reach at least 5% of the total ADM supply to run a validator node on the network. If all stakeholders accept this new proposal, that percentage will reduce to about 20%.

With the tides constantly shifting between bearish and bullish conditions, it is almost impossible for any of the top contenders to maintain their ranks. Yet, some things happen that overturn the market. One example is when the Fantom project announced its integration with 123swap‘s uniquely designed framework: non-custodial, cross-chain, and decentralized.

Seamless integration with other legacy back-end systems

When applied to crypto ecosystems, Blockchain technology offers opportunities and benefits to businesses through greater transparency, increased security, and easier traceability. The network is open-source and fully permissionless and uses an Asynchronous Byzantine Fault Tolerance (aBFT }. Capitalizing on its full potential depends on seamless integrations with other legacy back-end systems to facilitate better outcomes.

Here’s how the blockchain process applies to almost every industry, and how it motivates interest and investment in blockchain technology integration over the past few years.

This event can help FTM gain mainstream acceptance among crypto stakeholders and inspire upward price movement. However, with Cronje gone at the end of March 2022, what is the outlook for FTM’s price and what direction can Fantom developers hope for in the future?

The goal at Fantom is to focus much more intensely on agile testing and the iteration of solutions. The overall aim is to experiment with many different possibilities and quickly isolate those that work best. A recent user survey brought out the ff results:

• 56% have been using crypto for more than two years; 64% for more than one year
• 62% of users who stake participate in liquid staking
• 69% of users have used a Fantom dApp at least twice a week in 2022

Conclusion

At the forefront of blockchain technology, Fantom is enabling faster and more secure DeFi transactions, paving the way for a decentralized future. Our price predictions are based on historical data, project use cases, collaborations, and fundamental analysis. With that in mind, we expect Fantom to increase in the future; thus making it a good investment. Our long-term Fantom price forecast is $12.82. We advise that you do your own research before investing in cryptocurrencies—including Fantom.