Fantom Price Prediction: Is FTM Crypto a Good Investment?

July 1, 2024

Price Prediction

Sean Korbett

Fantom (FTM) is a blockchain technology that enables decentralized apps (dApps) and smart contracts. The platform is based on a unique consensus process that allows for fast transactions while maintaining decentralization and security. Its native coin, FTM, is in top-100 cryptocurrencies by market cap, and it’s widely used within the crypto community. How will Fantom’s price change in the next decade? Discover the long-term Fantom price prediction in StealthEX’s latest article.

Fantom (FTM) Overview

Fantom is built on a unique consensus process called Lachesis, which employs an asynchronous Byzantine fault-tolerant (aBFT) method. This technique can handle up to 300,000 transactions per second while protecting the network from threats and faults. Fantom also uses a Proof-of-Stake (PoS) system, which requires validators to stake FTM coins as collateral to participate in the validation process. One of the unique features of Fantom is its use of so-called DAG technology, which offers several advantages over traditional blockchain architectures. With DAG, Fantom enables faster transaction speeds, increased scalability, and improved security.

The FTM acts as the platform’s native cryptocurrency. FTM tokens are distributed as rewards to individuals that contribute to the network, including as validators, developers, and community members. A percentage of the transaction costs paid in FTM go towards funding these prizes. FTM crypto have multiple use cases within the Fantom ecosystem, including executing transactions, securing governance rights, and participating in DeFi applications.

Fantom was founded in 2018 by South Korean computer scientist Ahn Byung Ik. Before creating Fantom, Ahn was president of the Korea Foodtech Association and founded SikSin, a popular Yelp-like platform. The platform was co-founded by Andre Cronje. In December 2022, news broke that he was returning to Fantom, months after announcing that he was quitting his many projects and leaving the crypto industry altogether.

Fantom Features

Fantom offers several features within the crypto space:

1. The Lachesis consensus mechanism. This makes Fantom blockchain one of the fastest blockchain platforms on the market. It uses an asynchronous Byzantine fault-tolerant (aBFT) approach to enhance network security and minimize the potential for attacks.
2. Modular architecture. Fantom employs a modular architecture, meaning different sets of components can collaborate to perform tasks.
3. Storage. The platform uses an optimized database solution to efficiently manage data and transactions.
4. Interoperability. Fantom supports multiple programming languages and offers support for bridging to other blockchain platforms to promote and facilitate interoperability.

Fantom (FTM) Price Chart    

CoinMarketCap, July 1, 2024

Fantom Price History Highlights 

• 2019-2020: Fantom launched in 2019, but the token didn’t gain much traction until 2021. It had hummed along at about $0.20 for a little over two years until the Ethereum blockchain became congested. 
• 2021: The FTM price started 2021 at $0.017 and spiked to $0.872 in February before falling back down. It then climbed to $0.957 in May before quickly dropping back to $0.263 as the cryptocurrency markets fell. FTM rose to an all-time high of $3.18 in October 2021 following the search for an Ethereum-like solution.
• 2022: In the spring of 2022, the token plummeted again after reaching $1.62. It then continued its downtrend, bottoming out at $0.1961 on 13 June as the market was rocked by the news that the Celsius crypto lending platform had canceled withdrawals.
• 2023: Fantom was able to join the market in making something of a recovery in 2023, with it rallying to a high of $0.6533, its highest price since May 2022, on 3 February.
• 2024: The recent crypto market spike in March has seen FTM reach $1.11. Since then its price has dropped and at the moment hovers between $0.5 and $0.7.

Fantom Price Prediction

Fantom Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 FTM coin’s price will go as high as $1.26 (+118%), while at its lowest point its price can sink to $0.51 (-11%).

PricePrediction analysts think that in 2024, Fantom coin’s minimum price can drop to $0.6705 (+16%), while at its maximum FTM will rise to $0.7646 (+32%).

Experts at Telegaon believe that the minimum lowest price FTM can go down to is $0.82 (+42%) vs its maximum price of $1.81 (+213%).

Fantom Price Prediction 2025

Based on the predictions of experts at DigitalCoinPrice, in 2025, FTM will fluctuate within a tight price frame, but will definitely exceed $1. It might reach $1.49 (+158%) per coin at its highest point, while its lowest price might drop to $1.23 (+113%).

According to PricePrediction, in 2025 FTM crypto can hit $1.17 (+102%) at its maximum while it can drop to $0.9912 (+71%) at its lowest point.

Telegaon analysts believe that in 2025 FTM coin is going to drop in price to its lowest point of $2.82 (+388%), while at its highest point it can rise to $5.12 (+787%).

FTM Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, FTM coin can hit its maximum price level with $4.23 (+633%), while at its low it can sink to a minimum of $3.86 (+569%).

According to PricePrediction, by 2030 FTM coin can hit $6.21 (+976%) at its lowest point, while at its highest point it’s going to rise to $7.5 (+1,200%).

Telegaon experts are also bullish on Fantom: according to them, in 2030 FTM has the potential to reach a maximum price of $25.34 (+4,292%) per coin, while at its bottom it can hit $18.33 (+3,077%).

Fantom Price Prediction 2040

PricePrediction believes that by 2040, FTM crypto is going to reach staggering price levels: $354.63 (+61,371%) at its low and a whopping $440.54 (+76,263%) per coin at its peak.

Telegaon crypto analysts think that in 2040 Fantom will reach far less impressive price levels: according to them, it’s going to cost $105.82 (+18,242%) per coin at its peak. FTM can also drop in price to a minimum of $83.16 (+14,314%).

Fantom Price Prediction: Experts’ Opinions

Fantom is a blockchain that has not only garnered a lot of attention, but also made a number of prominent partnerships with other blockchain platforms and companies. Fantom has been working with several national governments to implement its blockchain-based technology, signing memorandum of understandings (MOUs) back in 2021 with the Pakistan Punjab Prisons Department and the Pakistan Private Educational Institutions Regulatory Authority (PEIRA), the Afghanistan Ministry of Industry and Commerce, which was the sixth government entity in the country to use Fantom technology, and the Ministry of Industry and New Technologies of the Republic of Tajikistan. As of 2023, Fantom Foundation has created some novel partnerships, one being with Moralis and Google Cloud to award developers $25,000 in prizes for developing applications on Fantom.

Fantom has a clear strategy in place to achieve long-term success and accelerate the expansion of its ecosystem. The project continuously updates its plans and implements new advancements to improve the platform’s capabilities and reach. 

As Fantom’s potential seems strong and the blockchain keeps developing, many crypto analysts, such as CoinMarketCap, are of the opinion that in 2030 FTM can reach a potential high of $27.9.

FTM USDT Price Technical Analysis

Tradingview, July 1, 2024

Now that we’ve seen possible price predictions for FTM, let’s find out a bit more about the factors that can influence its price.

Factors Affecting Fantom (FTM) Price

Investor interest, acceptance, and the utility of the Fantom coin all contribute to market demand. Positive market sentiment can stimulate demand and raise prices, whilst negative sentiment might cause price drops. Project developments, such as partnerships, technology advancements, and protocol updates, can all have an impact on the price chart. Finally, external events such as regulatory changes or global economic issues can have an indirect effect on Fantom’s price. 

When assessing Fantom as an investment, keep the following considerations in mind:

• Supply and demand;
• Partnerships;
• Market sentiment;
• Protocol updates;
• Adoption and use cases;
• Government regulation;
• Technological advancements.

Risks and Opportunities

Fantom is a relatively well-adopted protocol in the world of alternative Layer-1 smart contracts. Leveraging DAG technology results in lower transaction costs, faster time-to-finality (one to two seconds), and much higher transaction throughput than the Bitcoin or Ethereum networks.

Additionally, EVM compatibility minimizes friction in onboarding Ethereum users/developers and offers a positive user experience. The Lachesis protocol is also intended to be customisable, allowing other independent blockchains to plug in and connect simply.

However, Fantom has a number of disadvantages. First of all, Fantom suffers from centralization on several fronts, including wealth concentration, extremely high financial validator requirements, and an off-chain Foundation that has extreme veto power concerning governance. It’s also true that Fantom faces a lot of competition: it competes in a crowded space of EVM-compatible alt-L1s, the market favors blockchains like Binance Chain, Avalanche, Polygon, Tron, and others.

Despite this, FTM could be a great asset for investors with high risk tolerance and those interested in cryptocurrencies as with more partnerships the price of this asset might grow.

Is Fantom a Good Investment?

Fantom has already demonstrated solid potential and continues to thrive. It could be a potentially good investment, however, all risks should be considered.

Does Fantom (FTM) Have a Future?

Fantom’s Lachesis system is unique, because it is asynchronous and doesn’t require a leader to propose a block. While the underlying mechanics are complex, the result is a system that is secure, decentralized, fast, and scalable. This can lead to further acceptance for Fantom.

Can FTM Reach $10?

It is possible as the market continues to grow.

Can Fantom Reach $50?

According to Telegaon, Fantom will reach $52.63 by 2035.

Can FTM Reach $100?

Telegaon experts think that it will happen in 2040: by then FTM will hit an all-time high of $105.82.

Can Fantom Reach $1,000?

It doesn’t seem possible despite Fantom’s unique technology and features. 

What Is the Fantom (FTM) Prediction for 2024?

According to PricePrediction, in 2024 FTM will hit $1.26 at its peak.

What Is the FTM Coin Prediction for 2025?

Telegaon experts believe that in 2025 FTM coin will hit $5.12 at its highest point.

What Is the Price Prediction for Fantom (FTM) in 2030?

PricePrediction experts believe that in 2030 Fantom (FTM) will cost $7.5 at its peak.

Is FTM a Good Token?

It looks like this blockchain has a solid base and its native coin FTM can rise in price if the market turns bullish and if the project develops further.

Can Fantom Replace Ethereum?

It might come close to it, however, there are many other projects that compete to replace Ethereum, including Polkadot and Solana.

Conclusion

Fantom is a rapid, low-cost, secure, and well-developed chain and ecosystem. Fantom also offers a diverse set of DeFi protocols for risk-on investors and simple validation staking for risk-off investors. With all of this, its price remains low, while its position in the crypto ranking remains high. This platform aims to solve the scalability challenges of other blockchains with its unique Lachesis consensus mechanism. As a consequence, Fantom can become more widely used in the future and might eventually overtake other crypto projects; it all depends on how the market evaluates it and how the blockchain will eventually turn out.

Where to Buy Fantom?

StealthEX is here to help you buy FTM crypto if you’re looking for a way to invest in this cryptocurrency. You can buy FTM privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Fantom Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to FTM. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.