With the constant shifting tides from bearish to bullish runs, we find that our top contenders for cryptocurrency are struggling once again to maintain their ranks, and yet, something happens that overturns the market. One example is the Fantom project which recently announced its integration with 123swap‘s uniquely designed framework: non-custodial, cross-chain, and decentralized.
Blockchain technology when applied to crypto ecosystems offers opportunities and benefits businesses through greater transparency, increased security, and easier traceability. Capitalizing on its power calls for seamless integration with other back-end legacy systems to facilitate better outcomes which is the awaited outcome here.
Here’s how the blockchain process applies to almost every industry, giving rise to wide interest and investment in blockchain technology integration over the past few years.
In this article, we will focus on how this integration of two blockchain ecosystems can be beneficial to the Fantom ecosystem. This recent event can help FTM gain wide acceptance among crypto stakeholders, and cause FTM’s upward price movement.
What is Fantom (FTM) token?
Fantom (FTM) is one of the highest gaining tokens in the market. It is the governance token of a directed acyclic graph (DAG) smart contract platform, known for eradicating the issues related to smart contract contracts.
The platform provides higher transaction speed, with great infrastructure backing up the platform. Fantom was created in 2018, but the mainnet OPERA of the platform came out in December 2018. The platform creator was Dr. Ahn Byung Ik, but currently, the CEO is Michael Kong.
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 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 Fantom blockchain (FTM) aims to “grant compatibility between all transaction bodies around the world.”
Fantom (FTM) price historical performance
Looking at the price rise of FTM in recent weeks, the token seems to be a good investment. FTM price was bearish during the initial phase, where the token started at $0.02 and dropped as low as $0.003 in the subsequent weeks. While investors lost their money, prices again turned bullish a few weeks later.
In May 2019, prices once again entered the $0.02 levels. After continuing in this zone for a while, the prices again dropped towards $0.003 and further. The bearish prices of the token continued to maintain 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, the price action remains bullish. In 2021, the prices turned even more bullish as Fantom price began its journey towards $1. The Fantom price today in the crypto market remains at $2.02.
The bulls took the prices even higher in 2021. The FTM token made its all-time high at $0.916 in the month of May. The current market cap of the token at that time was $476 million. In July, the prices reached as low as $0.12. This bearish momentum was followed by a bullish outburst as FTM broke resistance levels, finally reaching another all-time high of $1.66.
The token dropped once again in September to $0.98, making another all-time high at $2.33. However, the prices again turned bearish, dropping to $2.02 in October, finally making the latest all-time high at $3.48.
The FTM market cap currently rests at $5.1 million and continues to increase. The trading volume is 519,925,308.70 USD, while the prices are down by 1.36%. The current price of the token is around $2.
On the other hand, the technical analysis of the daily chart shows that the prices broke down from the lower end of the Bollinger Bands, causing a drop in the token prices. Moreover, the uptrend was broken due to this breakout.
The price action continues to progress below the 50-day Moving Average. However, the price action is still above the 100-day Moving Averages. This seems to be a small bearish trend in the price action on the whole.
Furthermore, the prices continue in the lower end of the bands, indicating that the token is correcting the gains in the past few days.
rend analysis can be done by using trend lines and by taking specific horizontal price levels or zones into account that reverse roles between support and resistance. These price levels are the major zones where the market seems to respond by making a strong advance or decline. Fibonacci levels measure or predict the retracements before the continuation of a trend. Some traders rely on price action and look at specific candle formations. Here’s one 24 analysis by Cryptopolitan.
Long Idea for FTM on the lower timeframe indicates golden Fibonacci retracement and break of descending channel.
Higher timeframe indicates FTM has reached previous ATH support and golden Fibonacci, which may lead FTM to break a new high.
Target short-term = $2.7
Target long-term = $4.5 (1.618 fib extension)
Fantom (FTM) price predictions
In this section, we will discover the Fantom price forecast by major websites and analysts. The cryptocurrency market is known for its volatility, and Fantom Foundation native token FTM is also subject to the same price changes.
WalletInvestor Fantom price prediction
According to the Fantom FTM price prediction by WalletInvestor, the FTM prices will turn bullish in the short term, breaking several resistance levels. As per their data, the prices will reach as high as $4.041 in a year from now. On the other hand, the 5-year analysis for FTM/USDT predicts the future price of $12.2.
WalletInvestor further said that by December 2021, the maximum price is $2.451, followed by a minimum of $2.131 with an average price of $1.823.
The smart contracts platform’s widespread adoption hints at a bullish trajectory in the near future for cryptocurrency.
The website’s price prediction for 2022 December shows an average price of $4.175, a minimum price of $3.753, followed by a maximum of $4.583.
For December 2023, the FTM coin price prognosis reveals an average price of $6.216, a minimum price of $5.408, followed by a maximum price of $7.005.
The WalletInvestor FTM price forecast presents an average price of $10.302, a minimum price of $8.367, followed by a maximum price level of $12.305.
Fantom FTM price prediction
WalletInvestor long term price targets
Fantom price prediction by DigitalCoinPrice
FTM’s price prediction 2021 depicts a bullish outburst like another coin in the DeFi industry. The price of FTM will be affected by the long-term increase, and as per the price prediction Fantom from DigitalCoinPrice, the coin will break the $3 resistance level, entering $3 for 2021.
For 2022, the expected value is 3.6 USD, followed by a high level of $4.27 for 2023. As multiple decentralized applications find their place on the FTM chain, investing in FTM holds is one of the best investment decisions you can make.
The token will end in 2024 at $5.4, followed by 6.44 USD for 2025. The price of Fantom will continue to follow a bullish trajectory, ending the year 2028 at 9.44 USD.
Fantom (FTM) price prediction by TradingBeasts
According to the price prediction by TradingBeasts, Fantom will continue to grow in the short term and the long term.
The analysis shows that Fantom (FTM) will end the year 2021 at a maximum of 3.10228 USD, followed by a minimum of 2.10955 USD and an average of 2.48182 USD. Furthermore, the prices for 2022 are given in the image below:
In the long term, the maximum value of the FTM token by 2023 December will be 3.30281 USD, followed by a minimum of 2.24591 USD. On the other hand, the maximum price for December 2024 is 3.94817 USD, followed by a minimum of $2.68476. The average price is put at 3.15854 USD.
The Fantom price analysis can be concluded on a bullish note for the year 2021. However, the token is not a one-time wonder. We will see higher FTM prices coming shortly and new all-time highs.
According to our financial analysts, FTM is one of the best digital coins to buy. However, another important piece of investment advice is to do your own research.
The token currently stands at 42 in the top 50 cryptocurrency list. However, we might see it climb higher as Bitcoin continues to dictate the price action of the crypto market.
What will Fantom be worth in five years?
According to DigitalCoinPrice, the price of the token will be worth $7.62. On the other hand, the token will breach $9 by 2028.
Will Fantom hit 20 USD in a year?
As per our current analysis, in order to reach 20 USD, Fantom needs to grow by more than 10x. It is not impossible but improbable to expect such high prices in a single year from any cryptocurrency.
Will Fantom crash?
Fantom will not crash as it is a strong DeFi token with great use cases and widespread adoption.
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.