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Fantom Price Prediction 2024-2033: Will FTM Investors Waver in Crypto Winter?

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Fantom Price Prediction 2024-2033

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 it 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 $0.4769, with a 24-hour trading volume of $86 M. Fantom has increased by 5.92% in the last 24 hours. The current CoinMarketCap ranking is #62, with a live market cap of $1,336,861,328. It has a circulating supply of 2,803,634,836 FTM coins and a max. supply of 3,175,000,000 FTM coins.

Fantom price analysis:  FTM experiences bullish sentiment

TL;DR Breakdown

  • Resistance for FTM is $0.4861
  • Support for FTM is at $0.2996

Fantom price analysis 1-day chart:   Fantom experiences bullish trend evidenced by a series of green candles

The chart exhibits a bullish trend, with the FTM price ascending in recent days, as evidenced by a series of green candles. The price has consistently remained above the moving average (the middle line of Bollinger Bands), suggesting strong buying momentum.

The upper and lower bands of the Bollinger Bands are widening, which typically indicates an increase in market volatility. As the price is approaching the upper band, it shows that the asset is in a potentially overbought region, which could lead to a pullback if the buyers start taking profits.

The RSI, a momentum oscillator, is currently above the 70 mark, which traditionally signifies overbought conditions. However, RSI can remain in the overbought territory during strong trends without an immediate reversal.

Given the current bullish sentiment indicated by the chart, caution should be exercised as the market may be due for a retracement or period of consolidation, especially if the RSI starts to curve downwards or the price action touches and retraces from the upper Bollinger Band. Investors and traders should monitor upcoming price action closely for signs of continued upward momentum or a potential trend reversal.

FTM/USD technical analysis on a 4-hour chart:  MACD indicator reinforces the bullish momentum

FTM’s price has experienced volatility within the observed period, with the price recently making a sharp upward move. This bullish behavior is indicated by the last tall green candlestick that breached the upper Bollinger Band, suggesting a strong buying pressure.

The MACD indicator reinforces the bullish momentum as the MACD line (blue) has crossed above the signal line (orange) and is diverging, indicating increasing bullish momentum. The histogram has been increasing in positive territory, aligning with the recent price surge.

However, the spike in price that extends outside the upper Bollinger Band may signal an overextended market that could be prone to a retracement as traders might begin to realize profits. The position of the MACD suggests that while the short-term momentum is upward, caution is warranted as such sharp movements often correct. Additionally, the price is now approaching previous resistance levels, which could act as a potential reversal zone.

What to expect from Fantom price analysis next?

The FTM price demonstrates a significant bullish move, evidenced by the large green candle that has broken above the upper Bollinger Band. This break above the upper band suggests a strong upward price momentum and could indicate that the market is in an overbought state, which sometimes precedes a price pullback.

The Bollinger Bands also show an expansion, indicating increased market volatility around this upward price movement. When price action breaks the upper band, it often signals that the asset is considered ‘overbought,’ and traders may expect some level of price reversion or consolidation in the near term.

Based on the analysis of the 1-hour and 4-hour charts for Fantom, one might anticipate a potential price retracement or consolidation following the recent overbought conditions, as indicated by the Bollinger Bands and RSI. However, market volatility and momentum should be monitored for signs of sustained bullishness or a reversal.

Is Fantom a good investment?

Fantom’s value proposition lies in its utility as a decentralized storage network, which could see increased demand with the growth of data storage needs and decentralization trends. Its investment potential is subject to the usual risks of cryptocurrency volatility, market sentiment, and regulatory changes. Long-term viability would depend on adoption rates, technological robustness, and the competitive landscape.

Our CP price prediction section will showcase how the coin perform in the next few years.

Recent news on Fantom

The Fantom Foundation has announced that it has drastically reduced the validator self-staking requirement from 500,000 FTM to 50,000 FTM. This change is effective immediately. By reducing the self-staking requirement, the Fantom Foundation aims to make the process of becoming a validator on its network more accessible and democratic.

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

Fantom Price Prediction 2024-2033

Fantom FTM Price Prediction by Cryptopolitan

YearMinimum PriceAverage PriceMaximum Price
2024$0.6518$0.6705$0.7494
2025$0.9957$1.02$1.16
2026$1.47$1.51$1.72
2027$2.26$2.33$2.57
2028$3.40$3.49$3.89
2029$4.95$5.12$5.82
2030$7.09$7.30$8.64
2031$10.55$10.92$12.11
2032$15.12$15.56$18.08
2033$22.42$23.05$26.89

Fantom Price Prediction 2024

Our Fantom price prediction for 2024 suggests the cryptocurrency could reach a maximum price of $0.7494. We anticipate a minimum price of $0.6518 and an average trading price of $0.6705.

Fantom Price Prediction 2025

For 2025, Fantom is expected to reach a maximum price of $1.16, with a potential minimum of $0.9957 and an average value of $1.02.

Fantom Price Prediction 2026

Our prediction for 2026 indicates Fantom will achieve a maximum price of $1.72, with an average price of $1.51 and a minimum price of $1.47.

Fantom Price Prediction 2027

FTM is predicted to reach a maximum price of $2.57, an average price of $2.33, and a minimum expected price of $2.26 in 2027.

Fantom Price Prediction 2028

For 2028, Fantom might reach a maximum value of $3.89, alongside a minimum trading price of $3.40 and an average price of $3.49.

Fantom Price Prediction 2029

Our prediction for 2029 forecasts a maximum price of $5.82, with an average forecast price of $5.12 and a minimum price of $4.95.

Fantom Price Prediction 2030

For 2030, FTM may attain a maximum value of $8.64, an average trading price of $7.30, and a minimum price of $7.09.

Fantom Price Prediction 2031

FTM is projected to reach a maximum price of $12.11, an average of $10.92, and a minimum of $10.55 in 2031.

Fantom Price Prediction 2032

For 2032, FTM may reach a high of $18.08, an average price of $15.56, and the lowest possible price of $15.12.

Fantom Price Prediction 2033

In 2033, FTM is forecasted to potentially reach a maximum price of $26.89, with an average price expected to be around $23.05 and a minimum value of $22.42.

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 $0.0568 in one year. By 2029, they expect the coin to devalue by 99.07%.

Fantom Price Prediction by Cryptopredictions

Cryptopredictions expects Fantom will have a maximum price of $0.792, with an average price of $0.633 by 2024. According to their Fantom Forecast, the coin’s lowest price by then is expected to be $0.538.

By 2026, Cryptopredictions FTM price prediction predicts that Fantom will have a maximum price of $0.772 with a minimum price of $0.525. The average trading price of the coin is expected to be $0.600.

Furthermore, Cryptopredictions expects FTM coin to have a maximum price of $1.04 with an average trading price of $0.832 by 2027. However, the coin’s lowest price by then is expected to be $0.707.

By 2028, Cryptopredicts predicts that FTM will have a maximum price of $1.182, with an average trading price of $0.947 The coin’s lowest price by the end of 2026 is expected to be $0.804.

Fantom Price Prediction by Digital Coin Price

According to Digital Coin Price, FTM is expected to have a maximum price of $1.07, with an average trading price of $1.03 by 2024. The lowest price of the coin is predicted to be $0.43.

By 2027, they also predict that FTM will reach a maximum price of $2.23. The average and minimum prices of the coin are $2.08 and $1.86, respectively.

By 2033, Digital Coin Price predicts that Fantom will have a maximum price of $9.46 with an average trading price of $9.39. The lowest price of the coin is expected to be $9.10.

Fantom Price Prediction by Coincodex

According to Coincodex, FTM is expected to devalue and be worth $0.42 in 6 months. They predict that FTM will reach $1.32 in one year.

Coincodex also gave a long-term price fantom FTM price forecast. They expect the FTM price to reach a high of $0.58 by 2027, with a low of $0.39. They also expect the coin to be worth $4.14 by 2031, with a yearly low of $0.291.

Fantom Price Prediction by Industry Experts

Industry experts believe that Fantom will reach its all-time high in 2024. According to a recent analysis by the popular crypto trading YouTube channel “Successful Trading,” Fantom has a potential of 780% before the year closes at $3.4. The YouTube influencer gave reasons why the coin will do well this year, and one of their reasons is the fact that the Fantom blockchain has great fundamentals and projects that support it.

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 $26.89. We advise that you do your own research before investing in cryptocurrencies—including Fantom.

FAQs

Should we sell our pm Fantom (FTM) tokens?

For traders still holding FTM, we suggest you don’t exit your positions as long as the current support level holds.

How does the scalability of Fantom compare to Bitcoin?

The Fantom network is highly scalable, unlike Bitcoin, which is built on a rigid blockchain. Scalability means enterprises do not have to compromise speed and cost for more operations. Fanton can scale thousands of nodes with the capability of completing 1000 transactions in a second.

Is it good to invest in FTM in 2022?

The predicted price range of FTM in 2022 lies between a minimum and maximum trading price of $0.40 and $0.45. The average price of FTM in 2022 is projected to be $0.42.

What's the future for Fantom (FTM)?

Fantom blockchain offers real utility and has the potential to rival Ethereum. Blockchains like Fantom and Solana have been predicted to dominate the future of WEB 3.0.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Alden Baldwin

Journalist, Writer, Editor, Researcher, and Strategic Media Manager:With over 10 years of experience in the digital, print and public relations industries, he has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a a self sustaining institute that provides free education. He is working towards funding his own startup.As a technical and language editor, he has worked with multiple top cryptocurrency publications such as DailyCoin, Inside Bitcoins, Urbanlink Magazine, Crypto Unit News and several others.He has edited over 50,000+ articles, journals, scripts, copies, sales campaign headlines, biographies, newsletters, cover letters, product descriptions, landing pages, business plans, SOPs, e-books, and several other kinds of content.

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