Fantom continues to attract investors as the billionaire investor and founder of HyperChain Capital Stelian Balta adds 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.
As the cryptocurrency ecosystem undergoes its regular, cyclical bear market that has come to be known as the crypto winter, the top investing firm HyperChain Capital is showing no signs of wavering in its support for Fantom, following an additional $15 million investment in the protocol.Yahoo News
We remember that on 10 March 2022, Fantom announced that one of its key developers, Andre Cronje, has announced his departure from the project as of the end of March 2022. This update caused the price of FTM to drop by over 20% over 24 hours.
Today’s live Fantom price is $0.337221 with a 24-hour trading volume of $246,628,513. Fantom is up 2.03% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $858,230,577. It has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.
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 future?
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 dropped 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 towards $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 levels 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 for 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.
FTM price prediction Source: Coin Market Cap
FTM Technical Analysis
The price of Fantom over the past few months has been fluctuating due to the high volatility experienced in the crypto market. The Fantom price demonstrates a potential positive growth rate in the short-term and long-term price predictions. Based on the chart analysis below, the FTM price could record possible higher prices in the subsequent years. The Chart indicates that the FTM price remains bullish until the fundamentals begin to play a part. Currently, the price of FTM has risen by 0.96% within the past 24 hrs, despite the 17.35% drop in trading volume of Fantom.
Fantom Price Prediction 2022 to 2031
Fantom Price Predictions by Authority Sites
The Wallet Investor platform is often renowned for its conservative approach to crypto price prediction. They perform crypto future price predictions by carefully analyzing the price charts and coming up with a projected trend of the crypto price action. Based on the FTM price action, the FTM token price could appreciate in the short term. A one-year price forecast indicates that FTM could trade at $1.09. Similarly, the price of FTM could reach $4.239 within a five-year forecast window.
Trading Beasts has issued a rather conservative prediction of the future price of Fantom. The Fantom token is expected to increase in value gradually; however, it is expected to experience several resistances along the way. Based on the Trading Beasts predictions model, the price of FTM will increase significantly from 2023 onwards, recording 40%-160% price growth between 2023 and 2025. The figures show that by 2025, FTM could trade at an average price of $0.80, with the minimum and maximum prices projected to be $0.68 and $1.01, respectively.
TradingBeasts provides a different approach to analyzing the potential future price of a cryptocurrency. The current price and the price history of the tokens are significant in the forecasting model. The FTM price has been fluctuating vigorously in the past; however, the general price of Fantom has been relatively steady since its launch. Based on Cryptopolitan’s analysis, the price of FTM could average at $0.36 by the end of the year. Further rice analysis indicated the future price of FTM at $1.16 by 2025 and $8.14 by 2030. Below is a detailed breakdown of the projected average price of FTM from 2022 to 2031.
|Year||Minimum Price||Average Price||Maximum Price|
Fantom Price Prediction 2022
In 2022, the Fantom price is predicted to record an average price of $0.36 by the end of the year. The crypt market has begun to recover after top coins such as Bitcoin and Ethereum broke their resistance levels. The bullish momentum is projected to build up slowly, with Altcoins such as Fantom increasing in value concurrently. The projected maximum price of Fantom by the end of 2022 is $0.42.
Fantom Price Prediction 2023
In 2023, Fantom is projected to trade at an average price of $0.55. The projected minimum price of the FTM token is $0.53, while the forecasted maximum price is $0.63. The token is projected to begin appreciating value systematically as the crypto market picks up.
Fantom Price Prediction 2024
The Fantom price prediction by 2024 shows that the coin will average a trading price of $0.79. The token could benefit from the bullish momentum projected to build up strongly after 2024. Long-term Fantom investors are expected to make significant gains during this period as the projections show minimal price volatility. Per the predictions, the FTM price will range between $0.77 and $0.93.
Fantom Price Prediction 2025
In 2025, FTM average price is projected to be $1.16. The predictions show a start to aggressive price movements in the positive direction. The FTM price, at this point, appears to have gathered significant momentum, and it’s expected to experience strong growth trends in the price charts. Based on the projections, the FTM price will record a minimum price of $1.13 and a maximum price of $1.35 in 2025.
Fantom Price Prediction 2026
The Fantom price prediction for 2026 shows FTM could trade at $1.72. The price chart of FTM shows an aggressive growth in price by 2026. The token price demonstrates an exponential growth trend, resulting in higher prices within the year. As per the forecasts, the FTM price in 2026 would record a minimum of $1.68 and a maximum value of $1.97.
Fantom Price Prediction 2027
In 2027, the predicted price of Fantom FTM is $2.50. The cryptocurrency market in 2026 is projected to experience massive bullish trends. The growth of the FTM token prices demonstrates a solid bullish trend. Based on the forecast result, the FTM price will range from $2.43 to $2.90.
Fantom Price Prediction 2028
In 2028, the price of FTM could average at $3.71. Due to increased market volatility, the prices are expected to fluctuate during the year. As per the predictions, the FTM price in 2028 is projected to range between $3.61 and $4.19 in 2028. Demonstrating significant growth from the current price.
Fantom Price Prediction 2029
In 2029. the Fantom coin is forecasted to trade at a maximum value of $6.26. The price of FTM throughout the year fluctuates vigorously, placing the average FTM price at $5.50 in 2029. The data suggests FTM price will record significant gains despite the projected high market volatility, making it a good investment for long-term crypto holders.
Fantom Price Prediction 2030
In 2030, the price of FTM is projected to be $8.14. The average price is estimated based on the projected prices of FTM throughout the year. As of 2030, the FTM token price is projected to range between $7.92 and $9.38, indicating massive price changes from the current price.
Fantom Price Prediction 2031
By 2031, the price of the FTM coin is projected to be $11.94. The $11.94 price is the projected average price of FTM, as the token price changes are projected to happen between a minimum value of $11.62 and a maximum value of $13.84.
Fantom Price Predictions by Industry Influencers
FTM token enjoys solid community support on crypto platforms such as Twitter and Telegram. The large and vibrant community has a strong belief in the Fantom ecosystem. The Fantom token is poised for excellent price gains based on its community activities. For a cryptocurrency to grow, there is a need for solid community support to drive up the demand. Industry influencers on Twitter have been vocal about their optimistic price prediction of the Fantom coin. Below is an example of an optimistic tween about Fantom and the Fantom ecosystem from industry influencers.
Union finance does Fantom technical analysis and advice on the best action to take on Fantom.
The Fantom ecosystem is an impressive Directed Acyclic Graph (DAG) that provides DeFIi services with the help of smart contracts. Its robust technology that aims to streamline the smart contracts field has been massively backed by crypto enthusiasts, making it one of the favored tokens for significant future price growth in the DeFi sector.
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.
The FTM price prediction is dependent on several factors, both quantifiable and unquantifiable factors. The predictions above are based on measurable factors that could affect the price of Fantom today and in the future.
FTM will be highly profitable in the next bull run. The coin is expected to begin recovering losses in 2023 and reach its ATH in 2028.