Fantom Price Prediction: Can FTM Crypto Reach $10 Soon?

January 11, 2024

Price Prediction

Sean Korbett

Join us in discovering Fantom (FTM), a blockchain platform that aims to tackle the decentralization, security and scalability issues many blockchains face. With its cutting-edge Proof-of-Stake (PoS) consensus algorithm, Lachesis, Fantom seeks to address these tradeoffs. While being more than just a blockchain, Fantom offers many features common to other cryptocurrency networks such as smart contracts, dApp deployment, and transaction settlement. Learn more about Fantom price prediction in StealthEX’s latest article.

Fantom (FTM) Overview

Fantom is an open-source, decentralized, permissionless, and highly scalable platform for creating cryptocurrency DApps. Unlike blockchains, which are composed of blocks, DAG is a data modeling and structuring technique whose networks are made up of vertices and edges. Crypto transactions are therefore piled on top of each other and represented by vertices. The design of a DAG system resembles a graph, while a blockchain system is more like a chain. The Fantom Foundation was established in 2018 by Dr. Ahn Byung Ik of South Korea, and the smart contract project has since expanded to rank among the most popular blockchains for DeFi transactions. 

Fantom surpasses both the Classical and Nakamoto models using his DAG-based asynchronous Byzantine fault tolerance (aBFT) algorithm, called Lachesis. Without having to construct their own networking layer, developers may create peer-to-peer programs using Lachesis, a more effective, scalable, and secure alternative.

Because chess is asynchronous, users are free to process instructions at their own speed. Additionally, nobody assumes a leadership role or fulfills a ‘special’ duty. Furthermore, Lachesis is capable of reaching agreement even in the presence of problematic nodes, such as those engaged in malicious activities, thanks to its Byzantine fault-tolerant (BFT) architecture. Lastly, the output of Lachesis can be used right away. Block confirmations are not required because transactions are confirmed in 1-2 seconds.

Fantom (FTM) Features

FTM is equipped with a number of features that are highly valuable in the crypto space. For instance:

1. Staking. Fantom operates on a proof-of-stake model, meaning the network relies on users locking up their FTM tokens to become validators. Owners can stake their tokens in this way to earn rewards paid in FTM. 
2. Modularity. Fantom’s modular architecture makes it highly customizable. For instance, users can easily port Ethereum-based decentralized applications (dApps) to the Fantom mainnet, which is powered by Opera – the open-source blockchain developed by Fantom to power its network.
3. Security. Fantom is secured by the Lachesis consensus mechanism, which the Fantom team says is faster, more secure and more scalable than the Classical and Nakamoto consensus systems.
4. Scalability. Applications built on Fantom are independent of each other, meaning the performance and stability of one application is not affected by traffic on the wider network.

Fantom (FTM) Price History Highlights 

• 2018: Fantom (FTM) began trading at around $0.02 in October 2018 and fell throughout November until reaching a low of $0.004 in December. Some gains then took FTM price up to $0.008 before it finished the year with a value of $0.006.
• 2019: In winter 2019, Fantom’s price dropped as low as $0.003. In May 2019, prices plunged to depths of $0.02 again. After consolidating in this zone for a while, prices dropped further toward $0.003 and continued to dip.
• 2020: The token maintained its bearish prices 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 it remained bullish. 
• 2021: In 2021, the prices turned even more bullish as the Fantom price began its journey towards $1. In October the token eventually reached an all-time high of $3.48.
• 2022-2023: The price history of Fantom from 2022 to 2023 showcases a dynamic market trend with significant fluctuations. On August 16, 2023, Fantom’s price opened at approximately $0.2285 and experienced a slight variation, reaching a high near $0.2286 and a low around $0.2106, before closing the day at about $0.2155. A notable surge was observed on November 10, with the opening price at $0.2597, reaching a significant high of $0.2962 and a low of $0.2587, closing at $0.2939. 

Fantom (FTM) Price Chart     

CoinMarketCap, 11 January 2024

Fantom Price Prediction

Fantom Price Prediction 2024

DigitalCoinPrice experts believe that in 2024, Fantom will fluctuate, but stay below one dollar. According to their estimations, in 2024 FTM crypto’s price might go as low as $0.34 (-9%), while its maximum price can reach $0.84 (+124%).

PricePrediction crypto analysts think that in 2024 FTM crypto will continue to grow. Its minimum low can reach $0.5457 (+45%), while at its maximum Fantom crypto will rise to $0.6619 (+76%).

WalletInvestor crypto experts think that in 2024 Fantom will fluctuate a lot and can both plummet and shoot over its current price. According to them, FTM can cost as low as $0.02038 (-94%), while at its peak it can go as high as $0.679 (+81%).

Fantom Price Prediction 2025

According to DigitalCoinPrice, Fantom will stay below one dollar even in 2025. Based on their analysts’ forecasts, in 2025, FTM might go as high as $0.99 (+164%) per coin at its highest point. At its lowest point, FTM token can reach $0.82 (+119%).

Based on the experts’ forecasts at PricePrediction, in 2025, FTM crypto will continue being bullish. Its lowest price can begin at $0.8156 (+118%) and it can also reach $0.9459 (+152) at its peak.

WalletInvestor believes that in 2025, FTM token will sink even below its price levels of 2024. The website’s analytics predict that FTM’s price might go as low as $0.00981 (-97%), while at its peak it can reach $0.0456 (-87%).

Fantom Price Prediction 2030

DigitalCoinPrice crypto analysts think that by 2030, FTM coin will make good progress: at its low, FTM coin can drop to $2.59 (+592%), while its maximum price will go as high as $2.86 (+664%).

Analysts at PricePrediction believe that FTM token has tremendous potential for long-term holders. According to them, the crypto’s lowest price will drop to $4.66 (+1,145%), while at its peak it can go as high as $5.66 (+1,412%).

According to Telegaon forecasts, Fantom crypto will skyrocket. In 2030, FTM can go as high as $39.34 (+10,415%) per coin. It can also drop to the lowest price of $32.93 (+8,702%) that year.

Fantom Price Prediction 2040

According to Telegaon price predictions, by 2040 Fantom crypto will continue to develop and will reach even more impressive price levels. The coin can jump in price to $84.82 (+22,573%) at its maximum. It can also drop to a minimum of $70.25 (+18,678%) per coin.

Fantom Price Prediction: Experts’ Opinions

Fantom has a strong foundation, cutting-edge technology, and a committed staff that will help it succeed in the long run. These elements support investors’ optimistic outlook and point to the possibility of price growth.

An additional indication that Fantom’s price may rise is the growing interest and adoption of the product among institutional and individual investors. The potential for Fantom’s value to rise is further enhanced by the collaborations and growing ecosystem.

Based on historical data and expert opinions, In 10 years Fantom could reach a minimum and maximum price of $15.42 to $17.73 respectively. Some crypto analysts, for instance, CryptoNewsz, believe that by 2030, the minimum and average prices may reach $3.19 and $3.89, respectively.

FTM USDT Price Technical Analysis      

Tradingview, 11 January 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 and possible future.

Factors Affecting FTM Coin Price

The price of Fantom can be influenced by a wide range of factors, such as project updates and advancements, asset movement on exchanges, public opinion, and new trends in the larger cryptocurrency and worldwide economies. The multiple applications for the token are what fuel demand for it. FTM is one of the best options for sending and receiving payments due to the network’s high throughput, fast finality, and low fees. 

There will be more FTM demand for paying network fees and a bigger incentive to stake FTM if there are more developers and apps on the Fantom network. Therefore, as the ecosystem grows and Fantom forges new partnerships and integrations, it is expected that the value of FTM will rise.

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

• Adoption
• Market sentiment
• Usage
• Scarcity
• Adoption and partnerships
• Demand

Risks and Opportunities

The blockchain industry is getting more and more crowded as new projects are introduced on a daily basis. Fantom will have to contend with newer projects like Cardano and Avalanche in addition to more seasoned competitors like Ethereum, Polkadot, and Solana. Fantom is finding it challenging to carve out its niche because these initiatives have a significant user base and an early advantage.

Fantom, however, has a number of benefits over its rivals. It is more scalable than Ethereum because of its speedier and more effective consensus method. Users find it more appealing because of its decreased transaction cost. With sustained technological advancements and a growing user base, Fantom may eventually be able to challenge the more established players.

Is Fantom Crypto a Good Investment?

It’s difficult to say. It is important to note that Fantom has been in the market for a while, but hasn’t been able to capitalize on its innovative technology to overtake its competitors. In the future, a lot will depend on how FTM reacts to market developments and the overall market movement.

Does Fantom Crypto Have a Future?

Since a plethora of diverse factors could influence Fantom’s (FTM) future value, it is hard to anticipate prices with any degree of absolute confidence. But the more users and developers the Fantom network has, the greater the need for FTM. As a result, it is expected that FTM’s value will increase as the Fantom ecosystem grows and matures.

How High Can Fantom Crypto Go?

According to DigitalCoinPrice, FTM crypto can cost as much as $2.86 in 2030.

Can Fantom Reach $100?

It might, but it will most likely take it more than 15 years to do so.

How Much Will Fantom Be Worth in 2025?

According to DigitalCoinPrice, in 2025 Fantom crypto can go as high as $0.99.

What Will FTM Price Be in 2026?

If we are to believe DigitalCoinPrice, in 2026 Fantom crypto will go as high as $1.39.

How Much Will Fantom Cost in 2027?

According to DigitalCoinPrice, in 2027 Fantom will cost around $1.73.

What Will Be the Price of FTM Token in 2030?

Some experts, like PricePrediction, claim that by 2030 FTM token will rise in price and reach $5.66. 

How Much Will FTM Coin Be Worth in 2040?

According to Telegaon, by 2040 FTM coin will skyrocket and reach $84.82 at its peak.

Conclusion

Fantom’s price has fluctuated significantly, from just under a cent at lows to about a dollar at highs. But throughout its history, FTM’s volatility has caused spikes and busts, thus its price movements have rarely been calm. The demand for staking, the development of the Fantom ecosystem, and developments in the broader cryptocurrency market and economy have all influenced the price of FTM and can all influence it in the future. Its present valuation is determined by how supply and demand are balanced in the markets, and it is subject to regular change. With a solid development plan, good tokenomics and cutting-edge technology, Fantom has the potential to become one of the most popular projects on the market.

Where to Buy Fantom Crypto?

StealthEX is here to help you buy Fantom (FTM) 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 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy FTM Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, ETH to FTM. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. 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.