Key takeaways
Fantom price prediction suggests an average market price of $0.84 by the end of 2024.
Holders can anticipate a maximum price of $2.96 in 2027.
By 2030, FTM might touch $4.78.
Fantom (FTM) is a high-performance blockchain platform designed for decentralized applications (dApps) and smart contracts. Launched in 2019, it utilizes the Lachesis consensus mechanism, an asynchronous Byzantine Fault-Tolerant (aBFT) protocol that supports fast, secure, and scalable transactions—processing up to 300,000 per second.
Fantom’s modular architecture allows developers to create independent blockchains tailored to specific applications while leveraging its speed and security. The native FTM token is crucial for staking, governance, and transaction fees.
Additionally, Fantom supports decentralized finance (DeFi) services like stablecoin minting and lending platforms. Despite its strengths, Fantom faces challenges such as limited recognition and concerns over potential centralization in its validation process.
Overview
CryptocurrencyFantom TokenFTMPrice $0.7236Market Cap$2.03BTrading Volume$141.39MCirculating Supply2.80B FTMAll-time High$3.48 on Oct 27, 2021All-time Low$0.001953 on March 12, 202024-h High$0.754924-h Low$0.7237
Fantom price prediction: Technical analysis
Volatility5.48%50-Day SMA$ 0.59987614-Day RSI57.30Green Day15/30 (50%)SentimentNeutralFear & Greed Index70 (Greed)200-Day SMA$ 0.606333
Fantom price analysis
Fantom price analysis 1-day chart
FTM/USD 1-Day Chart
On October 22, the 1-day chart for Fantom (FTM/USDT) shows the price sitting at $0.7261, down by 1.37% for the day. Bollinger Bands indicate a potential consolidation period with the upper band at $0.7867 and the lower at $0.5955, pointing to a narrowing volatility range. The RSI is currently at 56.37, suggesting a slightly bullish momentum, but it remains close to the midline, signaling indecision. The price recently failed to break through key resistance around $0.75, while support is seen near the 20-day moving average at $0.6911.
FTM/USD technical analysis 4-hour chart
FTM/USD 4-hours Chart
The 4-hour chart for Fantom (FTM/USDT) indicates the price is at $0.7245, down by 2.41%. The MACD shows a neutral stance, with the MACD line at 0.0051 and the signal line at 0.0033, indicating minimal momentum, leaning toward a bearish trend as the histogram flips negative. The Balance of Power indicator stands at -0.71, signaling strong selling pressure dominating the market. The price has tested resistance at $0.7476 but faced rejection, while support near $0.7223 is currently being tested. If the price breaks this support level, it could trigger further downside momentum.
Fantom technical indicators: Levels and action
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 0.746445SELLSMA 5$ 0.734333SELLSMA 10$ 0.719263BUYSMA 21$ 0.687075BUYSMA 50$ 0.599876BUYSMA 100$ 0.513511BUYSMA 200$ 0.606333BUY
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$0.730733SELLEMA 5$0.726193SELLEMA 10$0.711026BUYEMA 21$0.682533BUYEMA 50$0.616143BUYEMA 100$0.57669BUYEMA 200$0.564237BUY
What can you expect from the FTM price analysis next?
Based on both the 1-day and 4-hour Fantom (FTM/USDT) charts, the price is currently experiencing a downward correction, with selling pressure dominating short-term movements. On the 4-hour chart, the Balance of Power indicator (-0.71) and a bearish MACD crossover suggest more downside risk. However, the 1-day chart shows the price consolidating between the Bollinger Bands, with the RSI hovering near 58.81. If the price can hold support near $0.7223, we might see a bounce. However, if bearish momentum persists, a breakdown below this level could trigger further declines toward the lower Bollinger Band near $0.5955.
Is Fantom a good investment?
The projection for Fantom’s value looks optimistic. It shows promising potential as a blockchain platform, with analysts predicting growth. By 2025, its price could range between $1.39 and $1.68, and by 2030, it could reach between $4.36 and $4.78. However, market risks and volatility remain, so thorough research is advised.
Can Fantom rise?
It is projected that by the end of this year, the mean price of Fantom could hit average price $0.84. Looking at a five-year forecast, this cryptocurrency is expected to escalate to $3.48 potentially. Given the volatile nature of the market, it’s crucial to conduct thorough research before investing in any project, network, or asset
Will Fantom reach $5?
Fantom (FTM) could potentially reach $5 by 2030, with price predictions suggesting a high of $4.78. However, achieving this depends on market conditions and overall blockchain adoption trends.
Will Fantom reach $10?
Based on our forecast from technical evaluation, it’s projected that FTM could hit double digits in the next ten years. It’s important to note that Fantom’s highest price ever was $3.48, attained in the latter part of October 2021.
Is Fantom a safe network?
Certainly, the network is secure because it utilizes a custom version of the Proof-of-Stake algorithm.
Does Fantom have a good long-term future?
Fantom (FTM) shows potential for a strong long-term future, with price predictions suggesting significant growth by 2030 and beyond. Analysts forecast prices could reach between $4.36 and $4.78, driven by its unique blockchain technology and increasing adoption in decentralized applications. However, market volatility remains a concern.
Recent news/opinion on Fantom
Sonic Labs has releases the final Sonic Shard on GalxeQuest, available via tasks on key partner apps.
Fantom price prediction October 2024
The Fantom price is likely to remain stable throughout October. It is currently trading at $0.65, which is speculated to be the average monthly price.
PeriodPotential Low ($)Average Price ($)Potential High ($)Fantom price prediction October 2024$0.65$0.65$0.65
FTM price prediction 2024
By 2024, Fantom’s average market price is expected to be $0.95, with a potential low of $0.57 and a potential high of $1.39.
PeriodPotential Low ($)Average Price ($)Potential High ($)Fantom price prediction 2024$0.57$0.95$1.39
Fantom price forecast 2025 – 2030
YearPotential Low ($)Average Price ($)Potential High ($)2025$1.39$1.53$1.682026$1.90$2.33$2.332027$2.47$2.77$2.962028$2.47$2.77$2.962029$3.07$3.29$3.482030$4.36$4.65$4.78
Fantom price prediction 2025
Fantom network is expected to continue its upward trend in 2025, potentially reaching an all-time high of $1.68. However, there could be fluctuations, and the FTM coin price might dip to $1.39, with an average price of around $1.53.
Fantom price prediction 2026
The Fantom market price is expected to peak at $2.33. However, it might fall to $1.90, with an average of $2.23.
Fantom price prediction 2027
The forecast speculated that FTM might hit a new all-time high of $2.96 by 2027. On the lower end, corrections may pull the price to $2.47, with an expected average trading price of around $2.77.
Fantom price prediction 2028
In 2028, Fantom’s price might stabilize at $2.96 while maintaining the same average trading price of around $2.77, the same as in 2027.
Fantom price prediction 2029
Fantom is expected to reach an all-time high of $3.48 by 2029. However, it could fall to $3.07, with an average price of $3.29.
Fantom price prediction 2030
At the end of this decade, 2030, Fantom is projected to hit a high of $4.78. In the event of a price correction, it could drop to $4.36, with an average of $4.65.
Fantom market price prediction: Analysts’ FTM price forecast
Firm Name20242025Changelly$0.53$0.91PricePrediction.net$0.87$1.42
Cryptopolitan’s Fantom (FTM) price prediction
At Cryptopolitan, we predict Fantom (FTM) to reach $0.57 by the end of 2024, averaging $0.95. By 2026, FTM could hit $1.39 due to increasing adoption, strong developer support, and favourable market conditions. Factors include high-speed, low-cost transactions, positive investor sentiment, and regulatory developments. Market volatility remains a risk.
Fantom (FTM) historic price sentiment
Fantom (FTM) launched its mainnet in December, with initial trading prices mostly below $0.02 in 2019.
FTM experienced gradual growth, staying under $0.05 for most of 2020 but reaching around $0.017 to $0.02 by December due to growing DeFi interest.
Prices surged from $0.02 in January 2021 to $3.48 by October, driven by DeFi adoption and positive market sentiment. The year ended with a correction to around $2.30.
In 2022, FTM faced significant fluctuations due to macroeconomic factors, with prices dipping below $0.50 mid-year. Despite recovery attempts, bearish trends dominated.
Early volatility in 2023 saw prices around $0.40, recovering to $0.55 mid-year before settling between $0.45 and $0.50 by year-end.
In early 2024, FTM surged from around $0.31 in January to above $1.00 by March, driven by strong bullish momentum and increased trading volumes. After peaking in March, the price corrected, dropping to lower highs and lows by April.
Following the correction, FTM found support around $0.60 in May and entered a consolidation phase between $0.50 and $0.80 in June. Despite volatility and tests of the $0.50 support, it held firm.
Fantom declined a bit in August, reaching low levels. Fantom reached $0.42 by Aug 28. Currently, in September, FTM traders around $0.4208
In October 02, the price of FTM reached $0.6511 with $365.52M 24hours trading volume.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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