Fantom Price Prediction, will FTM’s price hit $2.29?
Fantom’s price at the same time last week was $0.41. It has moved by 18.33% in the past week and is currently at $0.48. Infact, in the past 24 hours, FTM has dumped by -0.93%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and FTM could hit $0.42 in 2024.
The total circulating supply of Fantom as of writing this article was $2782764968.58 and the marketcap of FTM remains at $1,364,702,330.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Fantom
Fantom (FTM): An overview
Source: Fantom Foundation
Fantom is an EVM-compatible smart contract platform that is high-performing, scalable, and secure. It utilizes an asynchronous Byzantine Fault Tolerant (aBFT) Proof of Stake (PoS) consensus mechanism, which maintains the network’s efficiency.
Fantom’s “leaderless” consensus mechanism is known as Lachesis, which delivers swift transaction speeds, low transaction costs, and deterministic finality. Through the use of Lachesis, developers can make Peer-to-Peer (P2P) applications without having to produce a networking layer of their own.
FTM is the native, primary token on the Fantom network. It is used for securing the network via staking, for governance, for payments, and for fees. The token has a maximum total supply of 3.175 billion.
Fantom’s journey
Source: Fantom Foundation
Fantom Foundation is responsible for the development of Fantom, which was founded in 2018 by South Korean computer scientist Dr. Ahn Byung Ik. Currently, Michael Kong is the CEO of the foundation.
FTM’s initial coin offering (ICO) was held in June 2018, and Fantom sold 40% of the total supply of 3.175 billion tokens, raising $369.65 million.
Fantom aims to build a scalable and accessible platform for new-age blockchain users. The network has steered itself an ecosystem of various applications and integrations, pushing the boundaries of smart contract flexibility with cost-effective performance. Here’s a look at how it all started:
- In December 2018, the Beta Testnet was launched
- In December 2019, the Opera Mainnet was launched
- In June 2020, Fantom announced a commercial partnership with the Afghan Ministry of Public Health
- In January 2021, On-Chain Governance was launched
- In March 2021, Fantom announced its selection to deliver a presentation to the UN International Telecommunications Unit (ITU)
- In April 2021, Fantom announced its Formula One sponsorship
Other key developments
Source: Fantom Foundation
Fantom has achieved a lot within the past few years. Here’s a peek into some of Fantom’s key developments:
- In January 2021, Fantom announced the release of FTMscan, a new Fantom mainnet explorer made by the Etherscan team.
- In February 2021, the Fantom team announced support for Ledger Nano hardware wallet on fWallet.
- In March 2021, leading blockchain and crypto investment firm BlockTower Capital acquired a $20 million stake in the Fantom ecosystem.
- In April 2021, leading digital assets management firm HyperChain Capital invested $15 million in the Fantom ecosystem.
- In May 2021, Fantom joined the leading Italian racing team Scuderia Alpha Tauri as an Official Team Partner.
- In June 2021, Fantom released Fantom Safe, a multi-sig web-based smart contract wallet aimed at teams with joint custody of crypto funds or collectibles.
- In July 2021, the API and node service provider Ankr extended support to Fantom, allowing developers to seamlessly deploy decentralized applications (dApps) on Fantom without the need for a read-only node.
- In August 2021, Band Protocol launched a validator node on the Fantom Opera network.
- In September 2021, Coinbase added support for the Fantom network on the Coinbase Wallet.
- In October 2021, leading blockchain analytics provider Nansen extended support for Fantom.
- In November 2021, Fantom established itself among the most eco-friendly blockchain protocols in the industry.
- In December 2021, open-source oracle provider DIA integrated Fantom Opera mainnet to offer a vast range of data feeds to Fantom ecosystem projects.
- In November 2022, Ramp Network integrated with Fantom
- In November 2022, Fantom announced a new Gitcoin grants program to provide funding to support projects building on the Fantom network.
- In November 2022, Fantom was launched on Ledger, enabling users to send, receive, and view their $FTM directly through the Ledger Live app.
FTM Price Analysis
After a surge in January, FTM witnessed a downtrend in early 2022, with important resistance and support levels at $0.28 and $0.16.
FTM Weekly Chart
On the weekly chart, a drop from $2.60 to $1.68 was seen during the start of 2022. Later, a strong bearish momentum began to drive the charts, with $1.68 falling to $0.16 in March.
Since the price has been in a downtrend, the Relative Strength Index (RSI) has been below the neutral 50 line, and the Chaikin Money Flow (CMF) under the zero line. In addition, a $0.12 support level was found below the $0.16 level in February 2021 on the daily time frame.
Should you consider buying FTM?
Traders can look to buy FTM at $0.16. Moreover, the $0.50-$1.50 level can be an area where demand can step in. If the RSI goes above neutral 50 and the CMF mounts over the zero line, buyers can look to get in.
Fantom Price Prediction
Fantom has had an eventful 2021. To simplify the latest FTM price prediction, we have divided up the prediction by short term Fantom price prediction and long term Fantom price prediction. As of writing this article, FTM had a trading volume of $365,482,060. Fantom has gone down by -10.05% in the past 30 days.
Fantom's Long Term Price Prediction
Fantom’s long term Price Prediction below is a look at FTM’s future prospect with regards to price. Fantom was last seen at $0.48, with a market cap of $1,364,702,330 and trading volumes of $365,482,060. FTM’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $1.91 | $1.53 | $2.29 |
| 2024 | $0.35 | $0.28 | $0.42 |
| 2025 | $0.46 | $0.37 | $0.56 |
| 2026 | $0.62 | $0.49 | $0.74 |
| 2027 | $0.82 | $0.66 | $0.99 |
| 2028 | $1.10 | $0.88 | $1.32 |
| 2029 | $1.46 | $1.17 | $1.76 |
| 2030 | $1.95 | $1.56 | $2.34 |
| 2031 | $2.59 | $2.07 | $3.11 |
| 2032 | $3.44 | $2.75 | $4.13 |
| 2033 | $4.58 | $3.66 | $5.50 |
| 2034 | $6.09 | $4.87 | $7.31 |
Fantom price prediction 2023: Fantom’s price for 2023 according to our analysis should range between $1.53 to $2.29 and the average price of FTM should be around $1.91.
Fantom price prediction 2024: Fantom’s price for 2024 according to our analysis should range between $0.28 to $0.42 and the average price of FTM should be around $0.35.
Fantom price prediction 2025: Fantom’s price for 2025 according to our analysis should range between $0.37 to $0.56 and the average price of FTM should be around $0.46.
Fantom price prediction 2026: Fantom’s price for 2026 according to our analysis should range between $0.49 to $0.74 and the average price of FTM should be around $0.62.
Fantom price prediction 2027: Fantom’s price for 2027 according to our analysis should range between $0.66 to $0.99 and the average price of FTM should be around $0.82.
Fantom price prediction 2028: Fantom’s price for 2028 according to our analysis should range between $0.88 to $1.32 and the average price of FTM should be around $1.10.
Fantom price prediction 2029: Fantom’s price for 2029 according to our analysis should range between $1.17 to $1.76 and the average price of FTM should be around $1.46.
Fantom price prediction 2030: Fantom’s price for 2030 according to our analysis should range between $1.56 to $2.34 and the average price of FTM should be around $1.95.
Fantom price prediction 2031: Fantom’s price for 2031 according to our analysis should range between $2.07 to $3.11 and the average price of FTM should be around $2.59.
Fantom price prediction 2032: Fantom’s price for 2032 according to our analysis should range between $2.75 to $4.13 and the average price of FTM should be around $3.44.
Fantom price prediction 2033: Fantom’s price for 2033 according to our analysis should range between $3.66 to $5.50 and the average price of FTM should be around $4.58.
Fantom price prediction 2034: Fantom’s price for 2034 according to our analysis should range between $4.87 to $7.31 and the average price of FTM should be around $6.09.
A Historical look at Fantom, FTM’s price:
FTM/USD Pair
FTM/EUR Pair
FAQs about Fantom
Fantom’s current price is $0.48 and witnessed a -0.93% decrease in the past 24 hours. FTM/BTC pair saw a -0.30% decrease in the past 24 hours.
Investing in Fantom, FTM will purely depend on your personal risk appetite. As you can see over the past 24 hours Fantom’s price has witnessed a -0.93% decrease and over the past 30 days Fantom has decreased by -10.05%. So it all depends on if this investment will hit your trading goals.
According to our latest Fantom Price prediction for 2023, FTM should vary between $2.29 and $1.53 Please keep in mind that the crypto market is very volatile and this Fantom price prediction does not account for extreme wild swings in price.
As per the Fantom price prediction undefined model above, FTM’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.
According to the Fantom Price Prediction model above, FTM’s price in 2024 would be $0.35. This price would however would range from $0.42 and $0.28.
According to the Fantom Price Prediction model above, FTM’s price in 2025 would be $0.46. This price would however would range from $0.56 and $0.37.
According to the Fantom Price Prediction model above, FTM’s price in 2026 would be $0.62. This price would however would range from $0.74 and $0.49.
According to the Fantom Price Prediction model above, FTM’s price in 2027 would be $0.82. This price would however would range from $0.99 and $0.66.
According to the Fantom Price Prediction model above, FTM’s price in 2028 would be $1.10. This price would however would range from $1.32 and $0.88.
According to the Fantom Price Prediction model above, FTM’s price in 2029 would be $1.46. This price would however would range from $1.76 and $1.17.
According to the Fantom Price Prediction model above, FTM’s price in 2030 would be $1.95. This price would however would range from $2.34 and $1.56.
According to the Fantom Price Prediction model above, FTM’s price in 2031 would be $2.59. This price would however would range from $3.11 and $2.07.
According to the Fantom Price Prediction model above, FTM’s price in 2032 would be $3.44. This price would however would range from $4.13 and $2.75.
According to the Fantom Price Prediction model above, FTM’s price in 2033 would be $4.58. This price would however would range from $5.50 and $3.66.
According to the Fantom Price Prediction model above, FTM’s price in 2034 would be $6.09. This price would however would range from $7.31 and $4.87.
The highest price for Fantom was recorded in 28th October 2021 during which FTM hit an All Time High of $3.46
The price of 1 Fantom according to current market rate is $0.48
