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Fantom price prediction 2024-2030: Will FTM recapture its ATH?

Key takeaways

  • Fantom price prediction suggests an average market price of $1.45 by the end of 2024.
  • Holders can anticipate a maximum price of $2.38 in 2027.
  • By 2030, FTM might touch $4.88, following increased institutional adoption.

The crypto market has been a nurturing ground for innovative and ambitious projects that introduce significant changes to its landscape by providing unique offerings. Among these, Fantom stands out as a protocol with the potential to transform the DeFi sector through its use of smart contracts.

The aim behind introducing the FTM token was to enable seamless interoperability among all global transaction platforms. Notably, the platform utilizes the “Direct Acyclic Graph” (DAG) smart contract platform, enhancing the network’s scalability.

The FTM incentive program’s unique advantages have attracted the attention of marketers, sparking curiosity about whether the FTM price might reach the $1 milestone in 2024. If you’re an investor with an interest in FTM, you’re in the right place as we delve into the potential price trajectory of FTM for 2024 and beyond.

Overview

CryptocurrencyFantom
TokenFTM
Market Cap$0.6597
Trading Volume$1,849,617,294
Circulating Supply$116,524,907
All-time High2,803,634,836 FTM
All-time Low$3.48
24-h High$0.6887
24-h Low$0.6548

Fantom price prediction: Technical analysis

Price Prediction$0.661937
Volatility12.38%
50-Day SMA$ 0.829057
14-Day RSI45.42
SentimentBearish
Fear & Greed Index64 (Greed)
200-Day SMA$ 0.498862

Fantom price analysis: Fantom exhibits mixed signals

TL;DR Breakdown

  • Fantom price showcases bearish sentiment in its 1-day price chart.
  • Resistance for FTM is present at $0.7342.
  • Support is present at $0.6503.

Fantom price analysis 1-day chart

From the provided Fantom (FTM) price chart, we observe a bearish sentiment in the short term. The price currently stands at $0.6593, marking a 2.25% decrease. The Bollinger Bands are relatively tight, indicating low volatility, with the price trading close to the lower band, suggesting bearish pressure. The Relative Strength Index (RSI) is at 40.87, hovering near the oversold territory but not quite there yet, which could imply a potential for a slight rebound or continued sideways movement.

Key price points: Current Price: $0.6593; recent High: $0.7726; recent Low: $0.6436. The short-term traders might wait for more conclusive signals as the market shows hesitation, while the proximity to the lower Bollinger Band could attract buying interest if the RSI drops further into oversold conditions.

FTM/USD technical analysis on a 4-hour chart

The 4-hour chart for Fantom (FTM) shows a tightening of the Bollinger Bands, indicating decreased volatility and a consolidation phase. The price is hovering near the lower boundary of the bands, suggesting bearish pressure but also potential support near the $0.70 level. The MACD is flat and close to the zero line, indicating a lack of strong momentum in either direction. This stagnant MACD, combined with price action near the lower Bollinger Band, could hint at an upcoming directional move once a catalyst emerges. Investors should watch for a breakout above or below the current consolidation range for clearer trading signals.

Fantom technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 0.697656SELL
SMA 5$ 0.703220SELL
SMA 10$ 0.743236SELL
SMA 21$ 0.738966SELL
SMA 50$ 0.829057SELL
SMA 100$ 0.674132SELL
SMA 200$ 0.498862BUY

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 0.700390SELL
EMA 5$ 0.709994SELL
EMA 10$ 0.750989SELL
EMA 21$ 0.809007SELL
EMA 50$ 0.788929SELL
EMA 100$ 0.679404SELL
EMA 200$ 0.547728BUY

What can you expect from the FTM price analysis next?

Analyzing both the daily and 4-hour charts for Fantom (FTM), the overarching sentiment is bearish. The daily chart illustrates a price close to the lower Bollinger Band and a weak RSI, indicating potential oversold conditions but still not decisive for a bullish reversal. In contrast, the 4-hour chart confirms this bearish trend, with the price consistently below the middle Bollinger Band and the MACD showing sustained negative momentum. The alignment of bearish indicators across different time frames suggests a continuation of the downward trend, unless a significant market catalyst or volume change occurs to shift momentum.

Recent news/opinion on Fantom 

Michael Kong Unveils Sonic’s Launch and Beyond. Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely community-centric brand.

Fantom price prediction June 2024

The minimum price projected for Fantom in June 2024 is around $0.52, and its maximum price could reach $0.62. On average, traders and investors can expect FTM to trade at $0.62.

PeriodPotential Low ($)Average Price ($)Potential High ($)
Fantom price prediction June 2024$0.52$0.59$0.62

FTM price prediction 2024

Driven by investor support, FTM’s value is expected to remain stable, even during significant market dips. Moreover, an uptick in positive market activity could propel FTM’s value to a peak of $1.45. Investors can expect a minimum price of $0.59, and an average price of $1.40.

PeriodPotential Low ($)Average Price ($)Potential High ($)
Fantom price prediction 2024$0.59$1.40$1.45

Fantom price prediction 2025 – 2030

YearPotential Low ($)Average Price ($)Potential High ($)
2025$0.59$1.40$1.45
2026$1.42$1.56$1.71
2027$1.94$2.28$2.38
2028$2.52$2.83$3.02
2029$2.52$3.36$3.56
2030$4.45$4.75$4.88

Fantom price prediction 2025

For 2025, Fantom is expected to reach a maximum price of $1.71, with a potential minimum of $1.42 and an average value of $1.56.

Fantom price prediction 2026

The Fantom price prediction for 2026 indicates that FTM will achieve a maximum price of $2.38, an average price of $2.28 and a minimum price of $1.94.

Fantom price prediction 2027

FTM is predicted to reach a maximum price of $3.02, an average price of $2.83, and a minimum expected price of $2.52 in 2027.

Fantom price prediction 2028

For 2028, Fantom might reach a maximum value of $3.02, alongside a minimum trading price of $2.52 and an average price of $2.83.

Fantom price prediction 2029

The FTM price prediction for 2029 projects a maximum price of $3.56, an average forecast price of $3.36, and a minimum price of $3.13.

Fantom price prediction 2030

In 2030, FTM may attain a maximum value of $4.88, an average trading price of $4.75, and a minimum price of $4.45.

Fantom market price prediction: Analysts’ FTM price forecast

Firm Name20242025
Wallet Investor$0.0209$0.0197
priceprediction.net$0.6262$0.8751

Cryptopolitan’s Fantom (FTM) price prediction

According to our FTM price forecast, the coin’s market price might reach a maximum value of $1.59 by the end of 2024. Looking forward to 2026, the value of Fantom could surge to $2.83.

Fantom (FTM) historic price sentiment

  • Fantom (FTM) launched its mainnet in December, with initial trading prices mostly below $0.02 in 2019.
  • FTM experienced gradual growth, staying under $0.05 for most of 2020 but reaching around $0.017 to $0.02 by December due to growing DeFi interest.
  • Prices surged from $0.02 in January 2021 to $3.48 by October, driven by DeFi adoption and positive market sentiment. The year ended with a correction to around $2.30.
  • In 2022, FTM faced significant fluctuations due to macroeconomic factors, with prices dipping below $0.50 mid-year. Despite recovery attempts, bearish trends dominated.
  • Early volatility in 2023 saw prices around $0.40, recovering to $0.55 mid-year before settling between $0.45 and $0.50 by year-end.
  • In early 2024, FTM surged from around $0.31 in January to above $1.00 by March, driven by strong bullish momentum and increased trading volumes. After peaking in March, the price corrected, dropping to lower highs and lows by April.
  • Following the correction, FTM found support around $0.60 in May and entered a consolidation phase between $0.50 and $0.80 in June. Despite volatility and tests of the $0.50 support, it held firm. Currently, FTM trades around $0.58.

FAQs

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.

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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