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.
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.”
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.
The price of Fantom is currently around $0.3387, with a market capitalization of about $862,290,143. There are presently about 2.55 billion FTM tokens in circulation.
#1 Walletinvestor Based on the FTM price action, Wallet Investor predicts that FTM 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.
#2 TradingBeast 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.
2022 Fantom is predicted to record an average price of $0.36 by the end of the year. The maximum price in 2022 is projected at $0.42. 2025 FTM's average price is projected to be $1.16. The predictions show a start to aggressive price movements in the positive direction. 2030 The price of FTM is projected to be $8.14. The price is projected to range between $7.92 and $9.38.
For traders still holding FTM, we suggest you don’t exit your positions as long as the current support level holds.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.