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 price analysis: FTM value demotes to $2.516 after an immediate decline
- Price has dropped down to $2.52.
- Fantom price analysis shows downtrend.
- Support for cryptocurrency is $1.81.
The one-day and four-hour Fantom price analysis confirms a declining trend for the day as the price has undergone a significant drop during the last 24-hours as the coin is correcting after spiking high yesterday. Although the bullish trend reached its peak in the previous week, today’s trend is relatively on the discouraging side. The price reduction has brought FTM/USD value down to $2.52 low, and further loss might be coming ahead.
FTM/USD 1-day price chart: Bearish return initiates price reduction up to $2.52
The last 24-hours have proved favorable for the bears as a considerable rise in the selling activity has been observed. A reversal in trends is to be expected in the next week, as the price has suddenly experienced a drop up to $2.52. The short-term trending line is still ascending as the previous week was relatively on the bullish side. The moving average (MA) value in the one-day price chart is at the $2.210 mark.
The Bollinger bands average has moved down to $2.47 during the day. Whereas the upper Bollinger band shows $3.12 of value and the lower Bollinger band shows $1.81 value. The Relative Strength Index (RSI) score has dropped to 52.48, which is quite a neutral figure.
Fantom price analysis: Bears drag down price below $2.51 after latest strike
The four hours Fantom price analysis confirms a bearish trend, as the past few hours have proved to be quite critical for the market value of FTM/USD. The price has dropped below $2.51 as the bears have constantly been struggling to regain the lead. The short-term trending line is now descending as the bearish momentum has been gaining strength for the past few hours. The price is now below its moving average value, which is $2.54.
The Bollinger bands average has increased up to $2.33 in the past four hours as well. The upper Bollinger band value has shifted to $2.78, and the lower Bollinger band value is now $1.89. The RSI curve shows a downward movement, and the score has dropped down to 61.47 due to the downtrend.
A substantial rise in FTM/USD value has been observed throughout the past few months. This is why the technical indicators chart gives out a strong bullish signal, which indicates an upward trend. There are 16 indicators present on the buying spot, nine hands are on the neutral spot, and one is on the selling spot.
The moving averages indicator shows a solid bullish trend as well. The indicators ratio can further confirm this as 13 hands are on buying point while one indicator is on the selling and neutral points. The oscillators display similar results with eight oscillators on the neutral level, three oscillators on buying level, and zero oscillators on the selling level.
Fantom price analysis conclusion
The one-day Fantom price analysis predicts a bearish trend for the day as the bearish momentum has been recovered in the past 24-hours. The price has leveled down to $2.52 as a result of the recent downtrend. The hourly price chart displays red candlesticks as well, which is a further indication of a downside. The bearish trend is expected to intensify in the next few days if the current trend continues.
Fantom [FTM] is in an advantageous accumulation zone; What does it mean for the price?
Fantom is still among the most popular tokens for investors. After the considerable price jumps in the last months, it may be ready for another leg up. The token is rallying even in the times that many altcoins are ranging. Besides, there are many metrics that show a promising situation for the blockchain and its token. Increasing transaction volumes and TVL are among the top metrics resulting in an uptrend for this blockchain.
One of the most important metrics affecting the price trend of FTM is the spike in TVL on the blockchain. As the data shows, after a considerable jump in early October, the TVL metric has been ranging. But we a new uptrend shaping on the charts in the past days. It may continue with more attraction for investors and users that result in more price jumps for the token.
On-chain data and technical price analytics aren’t enough for predicting a bright future for a token. In terms of Fantom, there are other factors that may result in that future, too. Integrations are very important for blockchains like Fantom, and it seems to be promising these days. A recent announcement says that more swaps are integrating with Fantom blockchain.
The latest integration is from 123swaps. Fantom blockchain and 123swaps are partnering with each other to integrate the on-custodial, cross-chain, and decentralized swap with Fantom blockchain. 123swap is expanding by adding new blockchains like Polygon, Moonriver, Binance Smart Chain, and Avalanche. Adding Fantom to this group can be profitable for both blockchain and DeFi services. According to the announcement, the recent integration is focused on making 123swap a fully cross-chain service:
“123swap platform has a distinctively decentralized, non-custodial, highly innovative cross-chain framework, and now this platform has made a colossal collaboration with the Fantom blockchain, which provides a beyond comparison ecosystem of essential projects essential applications. The cooperation of these two industries will power up the future of DeFi with the development of a uniquely decentralized cross-chain app.”
These kinds of integrations increase Fantom usage. As the usage grows, we can expect more people buying and using FTM tokens, too. It results in more price jumps for the token. Besides, the hype around the blockchain attracts more investors, and all of them can help FTM move toward higher goals shortly. But there are many competitors for this blockchain in the market, too. We should wait and see their performances and compare them to predict more accurately.
Fantom COin Price Analysis: FTM Prices Are Ready To Rally Above The $3 If It Breaks The $2.65 Barrier
The FTM coin offers an amazing pullback opportunity as the price retraces from the 61.8% Fibonacci level in the daily chart. Moreover, the bullish reversal occurs with the rising three method formation near the $2 mark. Hence, the breakout of the $2.65 mark or the 38.2% Fibonacci level should support a rally to the All-Time High of $.3.48
Key technical points:
- The FTM coin rose more than 25% in the last two days.
- The price action forms a follow-through candle of the rising three method formation.
- The intraday trading volume in the FTM coin is $1.28 Billion, indicating a 5% gain.
The FTM coin shows bullish reversal as it finds support near the 61.80% Fibonacci level resulting in the growth of more than 30% from the $2 mark. Moreover, the rising three method formation helps increase the underlying bullish sentiments.
However, a successful bullish rally above the $3 mark awaits the breakout of the $2.65 mark. After that, traders can find excellent buying entry spot if the price sustains above this level.
The recent bullish reversal breaks above the 20-day EMA after finding demand near the 50-day EMA. Moreover, the crucial exponential moving averages (50,100,200) maintain a bullish alignment. Furthermore, The Relative Strength Index (51) rises gradually in the daily chart as it spikes above the central mark.
FTM/USD Chart In The 4-hour Time Frame
In the 4-Hour chart, the FTM price action denotes a resistance level at the $2.5 mark. Hence, traders must stay careful and keep an eye out for a reversal near the horizontal level.
The traditional pivot shows great confluence with the important levels of this chart. As per these pivot levels, the crypto traders can expect the next resistance after $2.5, at $3. mark, followed by $3.48. As for the flip side, the support levels are $2.15 and $1.65.