- Fantom reached a new all-time high of $2.21 per FTM.
- FTM is one of the coins dubbed as an Ethereum Killer along with ADA and SOL.
- Fantom is a platform for DApps and Non-Fungible Tokens.
Major coins and tokens like Bitcoin, Ethereum, and BNB are on the move and Fantom coin joins the club. Today, Fantom reached a new all-time high.
At the time of writing, FTM trades around $2.21 a piece, making it the top 36 cryptocurrency asset in the world according to CoinMarketCap.
The coin surged by more than 25 percent as the trading volume went up by more than 80 percent. Currently, the market capitalization for Fantom is around $5.6 billion.
The coin’s bullish rally seems to get stronger every day. Some even say that Fantom is one of the ‘Ethereum Killers’ along with major cryptocurrencies Cardano (ADA) and Solana (Sol).
Fantom is a blockchain platform that’s created to enable the creation of decentralized applications (DApps) and non-fungible tokens (NFTs). Because of this, many believe that FTM is a good investment.
The token is steadily rising, it’s often being compared to Solana. Crypto Expert Andre Cronje even said that he’s waiting for FTM to go to $3, then he said he will buy it to do a meme.
Fantom Price Prediction 2021: Will FTM Price Surge Beyond $10?
Crypto space welcomes projects that are innovative and bring drastic changes to the ecosystem by offering unique services. One such asset that could revolutionize the DeFi world by solving the problems related to smart contracts would be Fantom (FTM).
The main motive behind the launch of this token is to integrate the compatibility between all transaction platforms around the globe. Moreover, the altcoin is popularly referred to as Ethereum-killer as the platform makes use of the Direct Acyclic Graph (DAG) smart contract platform which enhances the scalability of the network.
Amazed by its unique offerings and strongly believe Fantom has a big role in the future crypto market? If yes, buying this emerging token would be a sensible choice to make. This article will give you a detailed fundamental analysis and long-term Fantom price prediction. Let’s see where FTM Price is Heading Next?
|Circulating Supply.||110,367,243.00 FIL|
|All-time high.||$2.26 8th October 2021.|
|All-time low.||$0.002288 on March 18th, 2020.|
What is Fantom (FTM) Token?
Fantom is an open-source, permissionless, and decentralized smart contract platform built to counter the drawbacks of the previous generation blockchain networks. The DeFi token makes use of a revolutionary aBFT consent mechanism called Lachesis, which enables the token platform to be much faster and cost-efficient than previous technologies.
Fantom has its own native token FTM, which intends to solve technical glitches related to smart-contract platforms, notably transaction speed. As per the reports, developers claim that they have lowered the speed below two seconds. The altcoin also makes use of a leaderless Proof-of-Stake mechanism to provide a high level of security. Moreover, the protocol is compatible with ERC 20 as well as BEP 2.
The Fantom protocol was launched by Dr. Ahn Byung Ik, a computer scientist from South Korea. The foundation’s initial product offering done in 2018, went live mainstream in December 2019. The present CEO of the network is Micheal Kong.
The innovative developers behind the network possess advanced knowledge in the field of full-stack blockchain development. The team is intended to build a smart contract platform that integrates scalability and security.
One of the consensus layers of the platform Lachesis enables Fantom’s Opera mainnet deployment. The modularity of the network is highly flexible as the developer team can deploy their existing Ethereum-based decentralizedFantom Price Prediction 2021: Will FTM Price Surge Beyond $10? applications on Opera mainnet within few minutes.
Fantom’s Roadmap Since Launch:
The layer 1 protocol’s testnet launched in December 2018. The event has been able to attain throughputs over 20k to 25k per second. In December 2019, Fantom launched the initial version of its Opera mainnet. The network supported enhanced smart contract functionality at launch.
Moreover, the network in its continued efforts to integrate the network, on April 29th Fantom accomplished a Go-Opera update. This upgrade further boosted the network’s speed and security. The leaderless PoS platform received massive investment inflow from HyperChain Capital, a leading digital asset management company in the initial stages in 2018 invested $2.5 million USD. In April 2021, the company further added a $15 million stakes in the network.
Fantom Price Prediction 2021:
Fantom initiated its rally with a price of $0.01648. As the founders intended to make this coin a big hit this year, they came up with a series of events during March and April as mentioned above in the Fundamental section. With its listing on the Gemini exchange in April, the price surged beyond $0.8185 by 8th May.
Due to the Chinese market crisis, the price plunged back drastically to $0.2524.On June 30th. 2021 Chainlink price feeds went live on Fantom Testnet, the Pos token regained the momentum by surging 941% jumped to the $1.7 milestone on September 9th, 2021. Yet again, Chinese market turmoil disturbed the price rally dumping the asset’s price to $0.9896 in September. Forming a rising wedge pattern the price surged by more than 300% on October 8th taking the price to $2.38 at the press time.
Will FTM price boom in Q4? The Fantom price is currently trading at $2.38 with 24.60% profits in the last 24 hours. If the asset continues to carry this bullish momentum then the price may hit a maximum of $10 by the year’s end. Minimum the price may flip to $0.8185. With average buy and sell pressures the altcoin could end up trading at $4.85.
Fantom (FTM) Price Prediction 2022:
Fantom is all set for new milestones. Yes, the year 2022 is going to be the gamechanger for FTM if bulls significantly hold the market for a certain period of time the price may surpass $18 by the end of the year. Also, it may captivate a huge audience if it continues its development and other events at the same pace.
Fantom (FTM) Price Prediction 2025:
When predicting the price for the long term, it is implicit to analyze its historical footprints and how it behaves when bears overtake the market.
From a historical point of view, compared to the other coins, Fantom remains highly volatile during market fluctuations. Hence, at minimum, the price would flip to $5. As the coin continues to evolve, this super-fast smart contract platform has the potential to reach $25 by the end of 2025
Considering all viewpoints, the coin’s promising average price could be $16.45.
Fantom Market Prediction:
According to the technical analysis of the website, Fantom’s price may consolidate around $1.637 till this year’s end. They hope that the price will see a significant rise and may hit $2.302 by the end of 2022. As per their analysis, this is the best platform for long-term investments and the price may hit a three-digit value of $4.774 by the end of 2025.
As per digitalcoinprice prediction, the FTM might see a study rise this year and may hit $3.61 by the year-end. The website has made a reasonable prediction for the year-end 2022, where the price may hit the value of $3.99. They anticipate that the price will continue to rise and may smash the milestone of $7.13 by 2025.
As per the data analysis of LongForecast, the DeFi token may hit an average price of $1.836 by this year-end. They hope that the price may skyrocket to $7.37 by the end of 2025. According to their website, the coin is best suited for long-term investments.
Our Price Prediction:
Fantom is one of the young and promising altcoins. We have brought you some interesting predictions for this coin. The altcoin would continue buzzing its milestones with constant upgrades this year. According to Coinpedia’s formulated Fantom price prediction, it may smash $6.8 by the end of 2021.
On the downside, market fluctuations and uncertain global conditions, even failure of upgrades can be a possible setback for the altcoin, and thereby the DeFi token’s price may struggle to consolidate around $2.8 by the year-end.
Considering all viewpoints, the average price of the FTM would be around $4.6 by the end of this year.
Using the table below understand what is possible in terms of highs and lows.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
Fantom made its debut in December 2019 with an initial coin offering of $1.94. In the same month, the price fell to around $0.0386. As the platform was not so active during the initial months of its launch, the price failed to reach new highs. The coin lingered at $0.01289 for at least 4 months till the month of December.
The FTM price didn’t have any significant gains in the year 2020 as there were no events or fundamental upgrades that took place. Till the end of December 2020, the price hovered around the price level of $0.0184.
Is Fantom a good investment?
Yes, if you are planning for the long term Fantom looks promising, as the platform is coming up with new announcements, and also tied up with high-level tech firms.Will FTM price smash the $10 mark?
If the network further plans for partnerships or further development on its smart contracts could take the price to $10 mark.Where to trade FTM?
Fantom token can be traded on various exchanges like Binance, OKEx, Huobiand many more.Is Fantom protocol worth buying in 2021?
Fantom has the potential to be a profitable short-term investment as well, calculative risks needed to be taken.
Fantom (FTM) soars 65% in two days and sets a new price record; understand the high
Fantom (FTM), the native cryptocurrency of the blockchain Fantom Network, is having the best performance in its history this week when it accumulates gains of 65%. The currency’s bullish movement culminated in a new price record of $2.43 (R$13), reached this Friday morning (8).
CoinMarketCap indicates that in the last 24 hours alone, the FTM has risen just over 24%, the best performance of the day in the Top 100 of the main cryptocurrencies in the industry. At this rate, the asset’s market value also reached a record US$5.6 billion.
The FTM’s price spike reflects the popularity its smart contract ecosystem is receiving in the decentralized finance (DeFi) sector.
Fantom is a proof of participation (PoS) network that uses Directed Acyclic Graph (DAG) technology and Lachesis consensus algorithm to solve the blockchain trilemma, that is, the ability to simultaneously offer maximum decentralization, high scalability and security network.
Fantom promises on its website to be able to process thousands of transactions per second almost instantly and cheaply, with fees that cost a fraction of a penny. Its blockchain is also compatible with the Ethereum virtual machine (EVM), which allows dApps to use its network to escape the congestion and high fees of the main competitor.
Week of news for the Fantom network
Although Fantom’s mainnet has been in operation since late 2019, its set of attractions seems to be becoming more visible to the community in recent times. This week, two news boosted the price of the FTM: nine network support by blockchain analytics provider Nansen and the launch of Yearn Finance (YFI) in its ecosystem.
On Thursday, Nansen added Fantom to its list of supported blockchains alongside Ethereum, Polygon and Binance Smart Chain, as reported by Decrypt. The Singapore-based analytics platform facilitates investor trading by providing a network of real-time dashboards and alerts.
The news with the greatest impact, however, is the choice of Fantom as the first alternative blockchain network to integrate Yearn Finance. Until then, the popular DeFi project kept its operations limited to Ethereum, the network on which it was first launched in February 2020.
“The multichain Kingdom waved and Yearn answered the call. Today, we are going to become multichain with the launch of the Iron Bank Fantom”, tweeted the project team. “Fantom is fast, simple to use and easy to connect thanks to Anyswap Network”.
The effect of the news on the Fantom ecosystem is noticeable beyond the value of the cryptocurrency. According to DeFi Llama, the network’s total blocked value (TVL) — how much money is being trusted in your smart contacts — hit an all-time high of $9 billion on Friday.
Since October began, the project’s TVL has held steady at around $2 billion, until on Wednesday the numbers started to climb to today’s record. In the week, the total amount blocked on the Fantom network has already grown 309%.
Fantom Price Analysis: FTM Coin Gains 185% in a Month & it’s Just The Beginning
- The RSI shows a strong bearish divergence with the XRP coin’s price
- The XRP/BTC pair was trading at 0.000.2364 BTC with a gain of 0.41%
- The 24 hr trading volume in XRP is $3.32 Billion.
On 14th August, the current rally of the XRP coin reached its highest target of the $1.32 mark. However, the price was rejected from this level with a bearish evening star pattern, which pushed the XRP coin to its nearest support of $1. Since then, the price is wobbling between these levels, which is probably a resting period for this coin.
Regarding the EMA’s, the coin is trading above the 20, 50, 100, and 200 EMA, indicating a strong bullish trend formation. Moreover, the 20 EMA is currently providing good support to the coin’s price.
The RSI (BULLISH) current value is 55, indicating a bullish momentum in the XRP coin. However, the RSI line shows bearish divergence concerning the price action, indicating weakness in the bullish momentum.
The XRP Coin Price Resonating In A Small Range
The XRP coin shows the formation of a rectangle pattern in the 4hr time frame. This pattern provides a strong direction move, depending on which side the price gives its breakout. However, considering the bearish divergence in RSI, the price displays a good chance of giving a bearish breakdown. Anyhow, XRP traders must wait for the price to pass through either of the trendlines to confirm the pattern’s motive.
The moving average convergence/divergence (MACD) indicator (BEARISH) shows both the MACD and the signal line are moving below the neutral zone, indicating bearish momentum in the coin.
Conclusion: From a technical perspective, the XRP coin indicates a strong bullish trend; however, as mentioned above, the price is currently in a minor consolidation phase, and this short break is also a preparation for a strong directional move in this coin. Thus, with the breakout of this range, the XRP traders can grab an excellent trader in XRP coin.