Fantom Price Prediction | Is Fantom a Good Investment? (2024)

Contents

• What is the FTM cryptocurrency used for?
• The Fantom blockchain: speed and fees
• How is the Fantom (FTM) cryptocurrency secured?
• The tokenomics of the Fantom (FTM) cryptocurrency
• What is Fantom (FTM)’s price action?
• Fantom price prediction 2022
• Fantom price prediction 2025
• Fantom price prediction 2030
• Fantom (FTM) price prediction: Round-up

What is the FTM cryptocurrency used for?

FTM is the native cryptocurrency of Fantom, a decentralised finance (DeFi) blockchain solution that hostsa range of cross-chain bridges, yield optimisers, NT platforms,lending and borrowing protocols. Popular dApps supported by the network include Curve Finance, Solidly and SushiSwap.

Fantom (FTM), released to the public in 2018 by the South Korean computer scientist Dr Ahn Byung Ik, is a smart contract solution for the deployment of digital assets and dApps. From May 2022, Professor Bernhard Scholz of the University of Sydney will join Fantom as chief research officer.

According to DappRadar, the Geist liquidity market protocol has the highest trading volume of all Fantom-based dApps, having traded $767.5bnover a recent 30-day period.

Fantom’s technology stack includes a directed acyclic graph ledger design and a bespoke consensus algorithm called Lachesis. Everything is designed around scalability, fast transaction times and security, commonly known as the ‘blockchain trilemma’.

FTM has shown impressive utility since its initial coin offering (ICO) in 2018, with a thriving dApp environment and a solid staking community. Staking rewards generally average around 4%, but can go as high as 13% for a 12-month lock-up period.

FTM has also acted as a governance tokensince the governance system was introduced in early 2021. Typical governance proposals relate to staking requirements, slashing refunds and ecosystem updates.

The Fantom blockchain: speed and fees

Using statistics from ftmscan.com, we can see that the Fantomblockchain enjoys fast block times of under one second and gas fees at a fraction of a cent (a recent reading was under 500 gwei, roughly equivalent to $0.001).

Daily transactions are currently under 820,000, down from more than 1.75 million in September 2021. However, unique addresses continue to climb, rising from under 400,000 in August 2021 to more than 2.7million in March 2022.

How is the Fantom (FTM) cryptocurrency secured?

The FTM cryptocurrency is secured via a proof-of-stake (PoS) consensus method using the lightweight Lachesis algorithm. The Explorer shows that 64 validators are currently securing the network. In comparison, Ethereum is currently hosting 6,161 validators (although this number does fluctuate significantly) while the more modest Avalanche network hosts 1,208.

A minimum bondage of 3,175,000 FTM is required to become a Fantom PoS validator. A fairly healthy total of 50% of FTM circulation is currently dedicated to PoS network validation.

The Lachesis protocol delegates validation processes to the individual nodes executing the transaction, rather than relaying the process to a miner. Since processing power is distributed fairly across the entire network, ledger weight is greatly reduced, allowing for faster transaction times. The Nano digital currency uses a similar process.

What does the Fantom price prediction coverage say about the FTMcryptocurrency’s future prospects? Has the price action been positive? Let’s have a look.

The tokenomics of the Fantom (FTM) cryptocurrency

Before we get to the Fantom coin price prediction, let’s go over the basics. On 24 May2022 at 11:30 BST (+1 UTC), Fantom’s trading price was $0.42. A circulating supply of 2.55 billion FTM (80% of maximum supply) gives it a market capitalisation of $1.07bn, and a ranking at 51 on the charts.

A recent 24-hourtrading volume was over $661.64m, down 0.8% against the previous day.FTM was trading above the $2bn daily figure in early March, when market capitalisation was more than $5bn. FTM’s price is 79% down from the all-time high of $2.07 that wasobserved on 2 March 2022.

The maximum supply of FTM is 3.175 billion, with the remainder outside of circulation going to staking rewards. Once supply runs out, staking rewards will be sourced from transaction fees.

FTM exists on both the ERC-20 and BEP2 protocols. Fantom also has its own OPERA token protocol system.

When Fantom executed its ICO in June 2018, it reached its hard-cap target of $40m in the course of a day. Return on investment for early-stage buyers is currently over 8,500%.

The FTM token is heavily supported by a range of trading pairs on Binance. Solid liquidity is provided for FTM/USDT, FTM/BUSD, FTM/BTC, FTM/AUD and numerous others.

What is Fantom (FTM)’s price action?

On the back of strong network adoption, FTM enjoyed some considerable gains in the last quarter of 2021. An all-time $3.482 peak on 28 October represented a more than 150-times return year-on-year.

Since that high point, there has been volatility. The FTM price dropped to $1.27 on 14 December 2021 and was in the red zone until it turned bullish a few weeks later to reach $3.30 on 17 January 2022. However, the price has fluctuated again along with the wider crypto market, dropping below the $2 mark in January.

On 23 January 2022, Fantom overtook Binance Smart Chain to become the third-largest decentralised finance (DeFi) ecosystem by total value locked, according to theanalytics tool DeFiLlama, and has held upbetter than other cryptos duringrecent dramatic market dips. FTM was trading at $2.24 on 24 January, before entering a downturn that culminated in a closing price of $1.78 by the end of the month

Fantom (FTM) dipped to a low of $1.12 on 13 March and has been downtrending eversince.

Fantom price prediction 2022

At DigitalCoinPrice, the Fantom price prediction for 2022 currently stands at an average of $0.55, with a maximum estimate of $0.60 and a minimum of $0.52.

According to PricePrediction.net, the Fantom (FTM) crypto price throughout 2022 will be an average of $0.36, squared by a maximum price of $0.42and a minimum price of $0.35.

Over at WalletInvestor, the FTM price prediction is comparatively bullish. The token is expected to close the year out at an average price of $1.66.A maximum estimate of $2.15and a minimum estimate of $1.19are also given. The token could pass the $1barrier in September, according to the forecaster.

The FTM price prediction at Gov.capital is also fairly optimistic. It thinks the average price could pass the $1barrier inSeptember,before closing the year out at around $1.67.

Fantom price prediction 2025

According to DigitalCoinPrice’s Fantom price prediction for 2025, the crypto’s estimated average trading pricethat year will be $0.82, with a maximum of $0.91and a minimum of $0.73. June could be the best month for the coin’s price, whenan average of $1.05 is presented.

InPricePrediction.net’s Fantom price prediction for 2025, we are given an average target of $1.16, between a maximum estimate of $1.35and a minimum estimate of $1.13.

WalletInvestor’s FTM price prediction opens the 2025 trading year at an average of $4.11, with a minimum figure of $3.39and a maximum figure of $4.86. The Fantom (FTM) crypto price will manage to skirt above the $5barrier from Octoberuntil the end of the year.

Gov.capital’s Fantom (FTM) price prediction for 2025 says the cryptocurrency could open the trading year slightly over the $6.44price point, before breaking the $8barrier in September. The upward trajectory is set to continue, climbing above $9by the end of December.

Fantom price prediction 2030

DigitalCoinPricedoes not expect exponential gains for the Fantom (FTM) crypto in the long run. Come 2030, the coin is expected to trade at an average of $1.92, set between a minimum of $1.87and a maximum of $2.01.

On the other hand, PricePrediction.net’s Fantom price prediction for 2030 is far more optimistic, presenting an average of $8.14for the year.

Fantom (FTM) price prediction: Round-up

Collating the Fantom crypto price prediction data from four sources, we are given an average 2022 price target of $1.06and an average 2025 price target of $3.13, suggesting potential gains of 152% and 645% respectively.

The two Fantom price prediction targets for 2030 make for an average of $5.03, an estimated average of 12-times returns against today’s trading price.

Of DigitalCoinPrices’s 26 technical indicators, 11point to a sell strategy, five to a buy strategy and 10 remain neutral.

For further Fantom (FTM) charting action, be sure to check our technical analysis.

For those considering an investment, it is well advised to read up on the fundamentals of the project. Blockchain platforms like Fantom thrive on developer relationships and dApp support. As an investor, you should conduct a complete due diligence investigation, including independent financial advice, before placing money down on an investment.

Further reading