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The crypto-verse has been generous enough to aspiring and innovative projects. That bring in drastic changes to the ecosystem by offering unique services. One such protocol that holds the potential to revolutionize the DeFi world with its smart contracts is Fantom.
The vision behind the launch of the FTM token was to integrate the compatibility between all transaction platforms around the world. The platform is known for employing the “Direct Acyclic Graph” (DAG) smart contract platform, which empowers the scalability of the network.
The distinctive strengths of the network and the recent 335 M FTM incentive program, have caught the interests of marketers. Who are keen on, if FTM price could propel to the $1 mark this 2023. Are you one of the many investors keen on FTM? Look no further, as we exhibit the possible price prediction of FTM for 2023 and the years to come.
*The statistics are from press time
The crypto industry had experienced a volatile month as the market experienced massive turbulence in charts. The month of November has started on a positive note as the price is constantly gaining momentum.
The RSI was seen trading close to the overbought range indicating a massive buying and selling power in the market. The price recently experienced a minor correction, resulting in the averages trade close to the mid-point.
If the bulls manage to push the price above the $0.2746 then the price will experience a bullish momentum. If the price holds itself above that level then the continue to gain and test its resistance level of $0.2851 soon. Further, if the bullish moment continues then the price will test its upper resistance level of $0.300 by the month-end.
On the contrary, if the bears overpower the bulls, the coin will start trading under a bearish influence and fall to test its support level at $0.2547. Moreover, if the FTM price fails to hold its price above $0.2547 then the coin will continue to fall and test its support level of $0.2296 soon.
Following the surge from the January, the coin has been constantly trading in a descending trend. The bulls have failed multiple attempts to break the trend but have failed to do so resulting in the price to lose its value. The FTM coin had experienced a death cross in the month of May, following which the coin has been constantly declining.
Following the recent price pump, the price had experienced a significant rise in value, as it recorded a gain of over 39% within the past month.
The RSI was seen trading below the mid-point since April. After failing multiple attempts the averages finally displayed a massive spike in its chart, indicating a massive buying over selling pressure in the market. Further, the average trades close to the overbought range, suggesting the price to continue gaining value.
If circumstances favours the vision of Fantom, initiatives such as incentive programs, perks of the network, and the stance of the community. Could accelerate the adoption of the protocol, which could bring in newer investors. Wherefore, the price might surge to its maximum annual closing target of $0.402.
On the contrary, if things go unplanned and if the digital asset falls prey to negative criticism and FUD. The price of the altcoin would settle at its potential low of $0.165. That said, considering all the viewpoints, the digital coin’s promising average price could be $0.283.
With an increase in volumes, deployment of newer dapps, and with the 335 M FTM incentive program bearing fruits. The price of the digital asset could reach a new potential high, as marketers would hold a bullish outlook. The social sentiments could drive in higher volumes. The increase in hodlers will be optimistic sign for the long-term propulsion of FTM’s price.
Successively, seeking impetus from hodlers the price would remain immune against massive downswings. Conversely, the rise in bullish volumes will help FTM price rise to a maximum of $0.527. On the flip side, it could take a dip to the lows of $0.321. That being said, the average price might land at $0.424.
When predicting the price for the long term, it is implicit to analyze the asset’s historical footprints. And how it behaves when bears overtake the market. From a historical point of view, Fantom remains relatively volatile during market fluctuations. Hence, by the end of 2025, at minimum, the price could flip to $0.485.
As the coin continues to evolve, this super-fast smart contract platform has the potential to reach $0.710. The impetus for which could come from greater adoption of the protocol. And successful collaborations and alliances. That said, factoring in its average trajectory over its cycles, the price of Fantom could settle at intermediate levels of $0.597.
According to our analysts, FTM coin price prediction for the year 2026 could range between $0.636 to $0.940 and the average price of Fantom could be around $0.788.
According to our analysts, Fantom price for the year 2027 could range between $0.800 to $1.106 and the average price of FTM could be around $0.953.
According to our analysts, FTM crypto prediction for the year 2028 could range between $0.973 to $1.284 and the average Fantom coin price could be around $1.128.
According to our analysts, Fantom’s forecast for the year 2029 could range between $1.101 to $1.531 and the average FTM coin price could be around $1.316.
According to our analysts, FTM predictions for the year 2030 could range between $1.363 to $1.922 and the average Fantom price could be around $1.642.
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Fantom is one of the young and promising altcoins. We have brought you some interesting predictions for this coin. According to CoinPedia’s formulated Fantom price prediction, it may smash $0.402 by the end of 2023.
On the downside, market fluctuations and uncertain global conditions, even failure of upgrades can be a possible setback for the altcoin. And thereby the DeFi token’s price may struggle to consolidate around $0.165 by the end of 2023.
The Fantom protocol was launched by Dr Ahn Byung Ik, a computer scientist from South Korea. The foundation’s initial product offering done in 2018, went live mainstream in December 2019. The present CEO of the network is Micheal Kong. The innovative developers behind the network possess advanced knowledge in the field of full-stack blockchain development.
The team is intended to build a smart contract platform that integrates scalability and security. One of the consensus layers of the platform Lachesis enables Fantom’s Opera mainnet deployment. The modularity of the network is highly flexible as the developer team can deploy their existing Ethereum-based decentralized Fantom.
Fantom is an open-source, permissionless, and decentralized smart contract platform. Built to counter the drawbacks of the previous generation blockchain networks. The DeFi token makes use of a revolutionary aBFT consent mechanism called Lachesis. This enables the token platform to be much faster and cost-efficient than previous technologies.
Fantom has its own native token FTM, which intends to solve technical glitches related to smart-contract platforms, notably transaction speed. As per the reports, developers claim that they have lowered the speed below two seconds. The altcoin also makes use of a leaderless Proof-of-Stake mechanism to provide a high level of security. Moreover, the protocol is compatible with ERC 20 as well as BEP 2.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
Yes, FTM is a profit-making investment, considering the strengths of the network, and the initiatives undertaken by the makers. The digital coin could portray higher yields in the long term.
Considering the current projections and stance of the network. FTM price could claim a feasible potential high of $0.402 by the end of 2023.
Yes, it is a safe network, as it employs a bespoke model of the Proof-of-Stake algorithm.
According to our Fantom price prediction 2025, the altcoin could claim a maximum of $0.710. With a potential surge, FTM price could reach a maximum of $1.922 by the end of 2030.
FTM is available for trade across prominent cryptocurrency exchange platforms such as Huobi, Okex, Binance, etc.
At the time of publishing, the price of one FTM was $0.2641.