fantom price prediction

The Most Accurate Fantom (FTM) Price Prediction: 2022-2030 [UPDATED]

This article was last updated on August 15, 2022

Fantom is one of the most popular projects currently in the crypto space. Ever since its inception in 2019, FTM has firmly remained among the top 100 cryptocurrencies on the market, currently ranking at number 60. This is in large part thanks to the network’s wide utility as it allows users to take advantage of numerous features. Fantom supports DEXs, cross-chain bridges, crypto lending and borrowing services, NFT platforms, decentralized games, and various other dApps. This makes Fantom highly sought-after among enthusiasts in the crypto community. As such, its price has seen some significant bumps in the past that we believe will continue in the future as well. This is why we have prepared this Fantom price prediction in order to take a deeper look into what the future holds for FTM.

Over the past week, the price of Fantom (FTM) remained around $0.3807. The circulation supply is 2.5 billion tokens. The market cap went up to $966 million.

What is Fantom?

Fantom is a Layer 1 blockchain platform focused mainly on DeFi and such related services, following the origin of smart contracts.

Its main focus is to provide an alternative to Ethereum and aims to provide a solution to the “crypto trilemma”. Aside from that, Fantom also intends to provide higher scalability at lower costs as an Ethereum alternative.

Fantom uses an interesting mechanism called “Lachesis”, setting it apart from the competition as unique. Let’s talk more about the blockchain and its technology in greater detail.

It uses Directed Acyclic Graph (DAG), an alternative to the traditional blockchain. Similar to Ethereum, Solana, etc. Fantom is permissionless, open-source, and decentralized. The tokens, named after the platform and abbreviated as FTM, power Fantom’s ecosystem and are used for staking, transactions, management, and fees.

Dr. Ahn Byung Ik found the Fantom blockchain back in 2019 with the help of Andre Cronje. The platform’s current CEO is Michael Kong.

The team behind Fantom has extensive experience in the sector of the development of full-stack blockchain technology. They state that the main goal of Fantom is to solve the trilemma by providing a smart contract platform with a great focus on decentralization, scalability, and security using Lachesis.

Lachesis is Fantom’s combination of Proof-of-Stake (PoS) plus Asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism. It allows for the network’s nodes to ensure coordinated timing and order between a number of transactions ensuring security and fairness.

fantom crypto price history chart, image
Fantom Price History, Source: CoinMarketCap

Can Fantom (FTM) Reach $5?

Fantom is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network once the market stabilizes. That’s why so many believe the price will not only reach $5 but go beyond and reach its past glory.

However, let’s think about it for a moment. The current price of Fantom is around $0.28, which is far away from its previous all-time high of $3.30. This means it will need a 17x increase in order to reach a price evaluation of $5. With a current market cap of $730 million, this will result in a new market cap of more than $12 billion

Related: Can Dogecoin Reach $1?

This is not so doable unless the circulation supply drops. That’s because, if that happens, it will place it in the top 15 cryptocurrencies by market cap, which, if we are honest, will probably not happen. This is why we believe Fantom will not reach $5 anytime soon. If that happens, it will be more towards the end of the decade, once the crypto market expands.

First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish. 

So when is Fantom going to reach $5? It will take at least 4 more years, or even 5 if we are being conservative.

FTM Price Prediction For 2022 – 2030

Fantom’s future price is difficult to predict as it is reliant on a number of factors, including the performance of the Fantom network, global economic conditions, and the price of other cryptocurrencies. However, if Fantom continues to grow as a network at its current rate, it is possible that the price evaluation for FTM could easily start climbing back to the $50 mark by the end of 2022.

This would represent a significant increase from its current price of around $0.28-$0.32, but would still be way below its all-time high of $3.30, reached in January 2022. While Fantom’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.

Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.

2022

Some of the financial industry’s top names have lent their weight to Fantom’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.

According to that and to Fantom’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $1 mark yet again, which will get it closer to its previous heights.

Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect FTM to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $0.15-$0.20.

2023

Many analysts have made Fantom price predictions for 2023, and the general consensus is that the price of Fantom will continue to rise. This is based on a number of factors, including the increasing use of Fantom’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.

While it is impossible to say exactly what the price of Fantom will be in 2023, most experts agree that it has the potential to reach new heights.

More realistically, we can expect the price of Fantom to reach $1.15-$1.25 by the end of 2023.

2024

If the growth for Fantom continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible in order to not misguide you.

We believe that by the end of 2024, the price of Fantom will reach at least $1.55. If we let ourselves be a bit more speculative, we’d raise it to $1.70, bringing it closer and closer to its previous peak.

2025

According to many Fantom enthusiasts and their price predictions, FTM prices may rise dramatically in the trading range between $2.23 and $2.45.

However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, FTM price prediction as a cheap and convenient digital asset might become a reality.

For this scenario, we must also consider that the Fantom network can significantly expand and develop. In that case, prices may even go as high as $3, very close to its previous ATH, but that is quite ambitious.

As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.

But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Fantom. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Fantom dropping by 50-70%, meaning it will go for about $1.15-$1.25.

2026

Keeping our conservative approach, we won’t try to make ridiculous price predictions for Fantom. Although many believe that by 2026 the price of FTM will be at least $3.50 and pass its previous ATH, we’d give a different value.

2026 is actually not too far away, but in terms of crypto, it is. We believe that Fantom will be evaluated at anywhere between $3.05 and $3.15.

2027

As the years go by and Fantom continues its expansion and proves its utility we can easily see it going for as much as $4. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.

By that, we mean that FTM will be evaluated at around $3.55 – $3.60. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.

2028

In 2028, if Fantom comes out with new projects and experiences further adoption, we can see it potentially going out from the $3.7X and reaching a price of $3.81-$3.95. However, this is mostly optimistic.

On the lower end, we can see FTM being worth around $2.15 while, on average, remaining at around $3.84.

2029

For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.

As such, we think Fantom will be moving at around $4 to $4.15 easily, although we can also see it reaching the $4.37 mark.

2030

Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.

Some experts have forecast that Fantom’s price could reach up to $4.72 by 2030. This would be a significant increase from its current price of around $0.28. However, it is important to remember that Fantom is growing, and so is its adoption rate, utility, and potential.

In addition, the current global economic situation could also lead to an increase in the price of Fantom, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Fantom certainly seems to have a bright future ahead.

That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.

If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.

For Fantom, if that happens, we can easily make a price forecast that FTM can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $0.10. On a brighter note, this is highly unlikely, even though not impossible.

Our Opinion On Fantom (FTM) Price Predictions

Given the Fantom price today, we can make lots of speculations. However, when making a price prediction or looking at one, you must stay completely aware that most of the time, it is completely off.

Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.

Fantom is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.

Overall, although we believe Fantom will certainly be bullish and we believe in our speculations, we can never be certain.

How To Buy Fantom (FTM)

Thanks to the token’s massive success and popularity, Fantom is listed on most major crypto exchanges and online trading platforms. Investing in crypto is not too complex, and you won’t have to go through a lot of unnecessary steps. Below we have provided an in-depth outline of the general steps you will need to take to invest in Fantom.

Choose A Crypto Exchange Platform

The first thing you will need to do is choose a crypto exchange platform that carries Fantom. Luckily, the token is quite popular and is present on most major platforms like eToro, Binance, Coinbase, Bitstamp, and Kraken.

Create An Account

After you have chosen your trading platform, you will need to create an account if you don’t already have one. This process is usually pretty straightforward and usually takes only a couple of minutes. However, you will need to provide personal information such as full name, date of birth, email address, etc.

Verify Your Account

Once you have set up your account, you will also need to verify your identity. This process is a bit lengthier and requires some additional information. Generally, the platform will require that you provide copies of your photo ID, proof of address, and other documents. This is in accordance with Know Your Customer (KYC) laws which aim to prevent fraud.

Deposit Fiat Currency

Next, you will need to deposit funds into your account. You will use these to purchase FTM coins. The amount you can deposit will depend on the crypto exchange platform you are using and the number of coins you wish to purchase. Each platform will support different payment methods and have varying minimum requirements.

Buy FTM

Once you have supplied your account with sufficient funds, you can purchase your FTM coins. Head over to the markets or crypto exchange section of your platform and search for the FTM symbol. Once you have found Fantom, place an order for as many tokens as you would like to buy. Alternatively, you can input how much fiat currency you would like to spend, and the system will show you how many tokens that translates to.

(Optional) Move Your Fantom Tokens To An External Wallet

Once you have purchased your Fantom, you have the option to move it to an external third-party wallet. While you can easily store your cryptos in your exchange profile, a dedicated wallet is much more secure. Most platforms allow you to easily transfer your cryptos by linking a dedicated wallet to your exchange account. Alternatively, you can do it manually by transferring them to your wallet’s public address.

Closing Thoughts On Fantom Price Prediction

Taking all of the above into consideration, it would appear that FTM is a very promising investment. The price prediction for Fantom is exceptionally positive, and the coin does have a lot of potential.

Of course, as with any investment, there is no guarantee that FTM will reach the predicted price points. However, if you are looking to invest in cryptocurrency, FTM is definitely worth considering.

There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.

That is definitely not the case with Fantom. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Fantom anytime soon, huge companies are already working hand in hand with Fantom to better their operations.

We will keep an eye on the development of Fantom and how it performs. Its potential, in tandem with our price prediction, makes us keen to see what lies in the future for Fantom.

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