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Fantom Price Prediction 2021: Will FTM Price Surge Beyond $10?

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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?

Overview:

Cryptocurrency. Fantom.
Token. FTM.
Price. $2.25.
Market Cap. $7,973,017,806
Trading Volume. $1,529,532,179
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

Fundamental Analysis: 

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

Also Read :Fantom Ecosystem Getting A Green Light! FTM Price Could Smash $20 Soon!

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:

Walletinvestor:

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.

Digitalcoinprice:

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.

LongForecast:

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.

Also Read : Cardano Price Prediction, Will ADA Price Hit $10 in 2021?

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.
2021 $7.8 $2.8
2022 $14.85 $5.85
2025 $28.26 $13.58

Historic Market Sentiments:

2019:

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.

2020:

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. 

FAQ

 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, Huobi and 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.

The Blogger Scientist is a "Medical Physiologist" and a "Financial Asset" Content Creator who aims at enlightening web reader on varying Financial Assets such as Stocks, FX, Crypto, MLM,. HYIP among others.

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