Fantom: A Sneak Peak
While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies gain momentum. With decentralized finance (DeFi) becoming the talk of the town, blockchain-based cryptocurrencies seem to be ruling the crypto market. Added to that are many financial giants announcing partnerships and massive investments worth billions.
Currently ruling the exchange, Fantom is surging ahead due to Singapore-based Hyper Chain Capital having declared its investment worth $15 million. Fantom, more popularly known by its native token FTM, has recently been active in the crypto market, performing miracles. Before we start with detailed Fantom price prediction, check our the overview.
|Price Change 24H||+0.56%|
|Price Change 7D||-8.43%|
|Circulating Supply||2,545,006,273 FTM|
|All Time High||$1.93|
|All Time Low||$0.001935|
Fantom: The Mystery Decoded
Fantom not only features smart contract functionality but also offers a safe and highly secure system of transaction and trading with no middlemen involved. The company’s Hyperblocks subsidiary runs validators that help secure the Fantom blockchain. As an alternative to Ethereum, Fantom uses an asynchronous Byzantine Fault Tolerant (aBFT) consensus model to validate transactions. This not only facilitates accessibility and security but also results in minimal fees and near-instantaneous transactions. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet highly secure.
Blockchain algorithm being the center stage of this cryptocurrency, the entire phenomenon and fundamental focus of this cryptocurrency is the programmability. This allows the users to benefit from a digital money perspective and use Fantom for all marketplace transactions such as financial services, apps, games, to name a few, which can be built on the platform. As explained above, Fantom enables developers to formulate and work on smart contracts automatically implementing assignments under specific conditions.
Fantom: Partnerships & Collaborations
Companies can build Fantom-based private/permissioned blockchain networks using its plug-and-play feature. It provides them global expansion, a wide network of users and dapps (Decentralized Applications), and continual developments and upgrades. Enterprise Fantom refers to a defined set of guidelines and technical specifications to accelerate the adoption of blockchain technology among enterprises. Rolling out a huge upgrade called Go-opera, Fantom announced an invaluable contribution to blockchain recently. This accelerated multifold transactions and improved other network efficiencies. With effective collaborations like that of Formula1 driver Pierre Gasly and endorsement by Mark Cuban, Fantom has elevated itself magnanimously. In the world of DeFi as non-fungible tokens, Fantom has joined hands with Clover (CLV) Finance and Superfarm that has further augmented its growth.
Fantom (FTM): Historical Analysis
Fantom, too, is no exception. It has also witnessed its ups and down many times but what it now seems to be setting is as if it is racing to make a world record.
In December 2019, when Ethereum showcased an exceptional performance breaking past $500 and moved to $900 beginning January 2020, Fantom started its gradual but steady performance. Even though it witnessed a fall in February 2021 to a low of $0.40 after it marked a new high around $0.65. The Pandemic seems to have set the stage for Fantom with its outstanding performance. Fantom has grown multifold, surpassing other crypto rivals in the market. After plunging below $0.30 in the last month, Fantom FTM price has recently initiated a recovery and marked a new all-time high at $0.95.
Experts’ View on Fantom (FTM) Price Forecast
The more, the merrier, and so the more the experts, the more the opinions for the Fantom (FTM) price prediction:
Based on our Fantom (FTM) price predictions, a long-term increase is expected, the price prognosis for 2026 is $4.926. With a 5-year investment, the revenue is expected to be around +686.9%. Wallet Investor
The Fantom price is forecasted to reach $0.7442 by the beginning of December 2021. The expected maximum price is $0.9302, minimum price $0.6325. The Fantom (FTM) price predictions for the end of the year are $0.75. Trading Beasts
The Fantom price is predicted to reach $0.9185 by the end of 2021 and $3.749 by the end of 2026, as per our Fantom (FTM) price predictions. GOV Capital
According to our FTM price prediction, it should easily swing around $0.95 by the end of 22021 and $1.89 by the end of 2025. Digital Coin Price
A lot of FTM projects are in the pipeline awaiting release. Right from the concept phase to the testing phase and by the end of the year, a lot of new projects would have been completed, hence, an all-around bullish prediction of as high as $1.04. Reddit Community
FTM has the potential to reach $2.908 high someday, even though in the short term, it may float at $1.850. Simon Dedic (Co-founder of Blockyre)
Fantom (FTM) Price Predictions: 2021-2025
Fantom price brought past investors massive returns on the chart trading before the onset of a new year. Current market cap of Fantom (FTM) is $1,039,261,393 and circulating supply of 2,545,006,273 FTM. The 24 hours trading volume of Fantom FTM is $424,846,947, and currently, the price of FTM/USD stands around $0.45.
Fantom Price Prediction 2021
Having witnessed a massive dapp adoption in the last year that drove the price of Fantom FTM. Also, updates will push the scalability of the network to 1,00,000 TPS moving the blockchain from an energy-intensive methodology. The network is super popular with numerous projects built on it; given the advancements are maintained, we can see Fantom FTM price on the chart to soar to $0.70, making it a new high.
Fantom Price Prediction 2022
With partnerships and community funding, the trading market looks back at FTM/USD to perform, reaching a level of $0.88, which is quite optimistic but surely feasible.
Fantom Price Prediction 2023
With any changes in Govt. policies and regulations, Fantom FTM price may have its share of hazy days. If FTM holds the support around $0.80, buyers will then have ample time and stability to forge the next attack mission on the vital level to play consistently at $1, watching the trend.
Fantom Price Prediction 2024
Racing up to climax will not be hence so difficult for Fantom FTM as additional short-, medium-, and long-term price targets can be found to buy or sell FTM/USD. Starting with a minimum of $1.2 in the long term, it may cross $1.5.
Fantom Price Forecast 2025
On the daily log, FTM price though plummeted but based on market cap, and resistance level, one of the most bullish on-chain metrics in favor of FTM/USD is the significant increase in the number of coins deposited into the contract. With FTM showing so much promise, it has support from all the industry crypto connoisseurs who firmly believe that backed by a fundamental robust algorithmic science and a consistent performance, the future price of the coin can rise to $1.75 in the long term.
Is the FTM coin a good investment?
100%. FTM can prove to be a valuable and sustainable source of income, provided you plan all your investments wisely and strategically. FTM can prove to be a viable investment in the long term. There is no tested or proven way of getting rich quickly, but investing in FTM can prove worthwhile.
How does Fantom gain significance in the market?
It is nothing but the trust of investors that has made an upward trend in the price of FTM. Proving its merit against competitors, FTM has withstood the test of times and is worth investors’ hard-earned money.
Is Fantom a Blockchain?
Yes. Fantom offers faster transactions and lowers fees. The number of projects recently launched on Fantom is proof that developers increasingly trust and turn to Fantom as their preferred blockchain platform.
Is Fantom Network safe?
Yes. Fantom Network is safe as it uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network.