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.
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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 Fantom price is $0.291110 with a 24-hour trading volume of $191,387,529. Fantom is down 4.53% in the last 24 hours. The current CoinMarketCap ranking is #60, with a live market cap of $740,877,324. 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 from thereon, 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 its latest all-time high at $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
Fantom Technical Analysis
Fantom has lost more than 80% of its value this year. The William Alligator is moving into a sleeping position showing decreased price action. The relative strength index shows zero sign of price reversal while the MACD indicates increasing price momentum to the upside.
Fantom Price Predictions by Authority Sites
Wallet investor
Walletinvestor uses machine learning and artificial intelligence (AI) to provide the Fantom price forecast. The AI rates Fantom cryptocurrency historical data index A+ and comments that it would make an ‘awesome’ one-year investment. Fantom will trade at $1.244 in one year, up by 308.6%. The price will be on a downward trend in the coming two weeks, and it will fall from the current price to $0.234 at the end of the period. In 2024, the Fantom cryptocurrency return on investment will be 656.7%. In 2025 it will be 976.7%, in 2026, it will be 1295.55%, and in 2027 it will be 1575.82%.
TradingBeasts
Trading beasts use linear and polynomial regressions to provide the Fantom forecast. Fantom’s future price in July will be $0.4913121. The price will fall gradually towards the end of the year to trade at $0.4553659 in December. The price drop will continue until April 2023 at $0.3400123 and rise to $0.4940728 in December. In 2024, Fantom will sell at $0.5139947 in January and $0.6713735 in December. In 2025, Fantom will sell at $0.6826541 in January and $0.7853169 in December.
Digitalcoin Price
Fantom has lost 80% of its value this year. Fantom price prognosis indicates the coin will start pumping in 2023 after consolidating in the second half of 2022. The Fantom coins will sell at an average price of $0.45 in July. It will then have little price action for the rest of the year, hovering at $0.43. Bullish signals dominate the Fantom forecast from 2023 to 2031. In 2023, the FTM coin will average $0.44, reaching a maximum price of $0.48 and a minimum price of $0.40. In 2025, the FTM coin will average $0.59, reaching a maximum price of $0.66 and a minimum price of $0.53. In 2030, the FTM coin will average $1.39, reaching a maximum price of $1.45 and a minimum price of $1.35.
Cryptopolitan
Fantom Price Prediction 2022
FTM price prediction for 2022 is $0.36. Fantom is down over 80% this year. In the second half of 2022, Fantom will have little price action in the crypto market. These price changes will range from $0.35 to $0.42. Will FTM crypto crash? It is improbable.
Fantom Price Prediction 2023
FTM price prediction for 2023 is $0.55. The Fantom network enables creators to build high throughput dapps and digital assets. The open-source software allows anyone to interact with it to promote their products and services. Just like Solana, FTM is a go-to blockchain for developers. FTM future results will range from $0.53 to $0.63.
Fantom Price Prediction 2024
FTM price prediction for 2024 is $0.79. Transactions on the Fantom blockchain take a second and cost a fraction of a cent. The low transaction costs are a giant leap in the payments industry. No matter the amount, all transactions cost a cent and cannot be stopped or censored by any institution. Fantom will reach a maximum price of $0.93 and a minimum price of $0.77.
Fantom Price Prediction 2025
FTM price prediction for 2025 is $1.16. Fantom has a global network of node operators. These operators secure the Fantom blockchain from a single point of failure, which means Blockchain data can be obtained from any node without affecting its security. Fantom will reach a high price of $1.35 and a low price of $1.13.
Fantom Price Prediction 2026
FTM price prediction for 2026 is $1.72. 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. The Fantom price analysis shows the coin value will range from $1.97 to $1.68.
Fantom Price Prediction 2027
FTM price prediction for 2027 is $2.5. Fantom is compatible with the Ethereum Virtual Machine (EVM). Ethereum is the second-largest crypto by market capitalization. The EVM enables users to run Ethereum-based smart contracts and dapps on Fantom. FTM’s previous price action will have it sell between $2.9 and $2.43.
Fantom Price Prediction 2028
FTM price prediction for 2028 is $3.71. According to Coinmarketcap, FTM set its all-time high price on 28 October 2021 at $3.48. Fantom will breach this record in 2028, setting new resistance levels. With a new resistance level, the FTM forecast and price changes will limit it between $4.19 and $3.61.
Fantom Coin Price Prediction 2029
FTM price prediction for 2029 is $5.5. The Fantom ecosystem is growing at a fast rate. Dapps on the Fantom ecosystem consist of Decentralized exchanges, cross-chain bridges, lending and borrowing, yield optimizers, NFT platforms, wallets, tools, and Gamefi. The Fantom forecast price will reach a maximum of $6.26 and a minimum of $5.35
FTM Price Prediction 2030
FTM coin’s price prediction for 2030 is $8.14. Fantom has a flexible, rewarding system at the current price; the FTM staking rewards are 15.1% APY. Users chose the lockup period with rewards distributed hourly with the option of compounding. The FTH price in the cryptocurrency market will reach a maximum price of $9.38 and a minimum price of $7.92.
FTM Price Prediction 2031
FTM price prediction for 2031 is $11.94. The Fantom smart contract has utility on Chainlink, Waves, Band protocol, Ren, and The graph. All these are established platforms that show the potential of the FTM blockchain. The coin will trade between $11.62 and $13.64, setting new resistance and support levels.
Fantom Price Predictions by Industry Influencers
Union finance does Fantom technical analysis and advice on the best action to take on Fantom.
Conclusion
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.
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.
Always make thorough before making an investment decision,
