Fantom Price Prediction: Will Fantom’s Remarkable Bull Run Continue?
Fantom Fundamental Analysis
Fantom (FTM) is a token powering an eponymous platform for dApp developers all across the globe. Fantom Foundation, which is an entity overseeing Fantom as a product, was founded in 2018.
Fantom aims to solve the blockchain trilemma — how to achieve decentralization, scalability, and security in a network simultaneously, without sacrificing any of them. To do that, Fantom uses Lachesis — mechanism or layer based on Asynchronous Byzantine Fault Tolerance (aBFT) consensus.
Lachesis, and this consensus in particular, build on classic BFT and Nakamoto consensus, but the asynchronous nature of this variation means faster block times and lower energy consumption than the previous versions. Thus, aBFT solves the scalability issue. The network is secured using Leaderless Proof-of-Stake, which keeps the emphasis on decentralization.
Fantom is modular and also allows for building independent networks to deploy every dApp on Opera (Fantom’s mainnet). This adds scalability since different projects are unaffected by the others’ possible issues. On the other hand, those networks use the same infrastructure, logic, and communicate easily.
FTM token powers Opera and Fantom ecosystem as a whole. The main use of FTM is staking (to become a Validator node, one must hold more than 3,175,000 FTM). FTM is also used as network fees, as a governance token, and as a currency for fast and cheap transactions.
Fantom Price Chart
Fantom’s price action went from quite unremarkable in the first year or two after the token’s launch to getting some traction in the first half of 2021. As the crypto market rallied, so did FTM, with its price going from $0.01–$0.02 at the beginning of 2021 to more than $0.91 by mid-May. Later, of course, the crypto market went through a brutal crash, so Fantom token price had been in free fall towards $0.15 until mid-July.
Since then, though, it’s been nothing but the clear skies for Fantom, which joined a new bull run after July lows. But FTM’s price has started really soaring at the beginning of September, following the announcement of its DeFi incentive program and some important partnerships. By the second week of September Fantom hit $1.74, which is a new all-time high. Judging by many of the Fantom price predictions, it may emerge as an unlikely player in the future.
Fantom Technical Analysis
Despite the fact that 100% accurate technical analysis for Fantom cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated FTM buy-and-sell rating for selected timeframe. The summary for FTM/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Fantom Price Prediction
Below we have collected the most reliable price projections for Fantom (FTM) from popular forecast platforms.
#1. WalletInvestor FTM Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Fantom price will grow from $1.37 to $1.937 in one year. That makes FTM an awesome investment. The long-term earning potential is 41.39%. Predicted price for the end of 2026 is $4.383.
#2. TradingBeasts FTM Price Prediction for 2022
Answering the question about if Fantom is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.56764 with a growth to $1.67761 by the end of 2022.
#3. DigitalCoin FTM Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Fantom cryptocurrency will rise in the next 5 years starting from $1.28866 as of today’s price to $5.67735. It will go up to $2.149218 by 2022 and continue its growth in 2023–2024. Based on this forecast, Fantom is a profitable long-term investment.
As it can be clear from the analysis cited above, Fantom (FTM) projections are rather contradictory. There is no universal consensus either about positive or negative future FTM price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Fantom projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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Originally published at https://swapspace.co.
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