Can Fantom reach $10, $50 and $100?

Can Fantom reach $10, $50 and $1000? About Fantom

Fantom is a decentralized smart contract platform that aims to solve the limitations of other platforms like Ethereum. It uses its own consensus algorithm and operates on a directed acyclic graph (DAG). With its in-house token FTM, Fantom focuses on transaction speed, reducing it to under two seconds.

Key strengths of Fantom include high performance, efficient transaction processing, scalability, and low transaction costs. It utilizes the Lachesis protocol for consensus, ensuring security and speed. The Opera platform is the application development layer for hosting DApps, supporting EVM integration and Solidity programming language.

Key Features

Fantom uses a new consensus mechanism called Lachesis to support DeFi and related services using smart contracts.
Lachesis offers higher capacity and faster transaction finalization of just two seconds, while also enhancing security compared to traditional PoS platforms.
The project targets developers interested in decentralized solutions and aims to enable compatibility between different transaction systems globally.
The native token FTM is used for transactions, fee collection, staking, and user rewards.

FTM Token:

FTM is Fantom’s native utility token used for various purposes.
It is a PoS token that powers the Fantom ecosystem.
FTM is utilized for payments, network fees, staking, and governance.
It forms the backbone of transactions on the Fantom network.
FTM enables fee collection, staking activities, and user rewards.

Can Fantom reach $10? Detailed Analysis:

In order for FTM to reach $10, it would need to increase by a factor of 32. At $10, Fantom’s Market Cap will be $ 28.16 Billion. If Fantom were to grow at a rate of 25% each year, it would take about 6.5 years to reach $10. Let us evaluate this data

Quality of Investment- Good (based on past performance and use cases)
Growth required to reach $10- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
Market Cap at $10- Partially Feasible
Time required to reach $10 if FTM were to rise at 25% per annum- Feasible

Considering the criteria Quality of Investment, growth required and time required, FTM has a good chance of reaching $10. Let us analyze it further:

Is it possible for FTM to rise 32 times?

FTM would need to appreciate 32 times in a timeframe of 6 to 7 years. Taking Bitcoin as an example, which surged by 1400 times over a period of 10 years, it demonstrates that substantial growth is achievable for a coin. Consequently, it is plausible for FTM to experience a 32-fold increase given favorable market conditions.

Can we forecast accurately that a token will grow at a rate of 25% every year for the next 6 to 7 years?

No, it is not possible to guarantee a token’s consistent growth rate, and predicting its growth rate for the next 7 years is uncertain. Therefore, it is unlikely that FTM will experience a steady growth of 25% over the next 6 to 7 years.

Overall, FTM still holds good investment potential and has a high chance of reaching $10, although it may take longer than initially estimated.

Can Fantom reach $50? Detailed Analysis

In order for FTM to reach $50, it would need to increase by a factor of 161. At $50, Fantom’s Market Cap will be $141.9 Billion. If Fantom were to grow at a rate of 25% each year, it would take about 9 years to reach $50. Let us evaluate this data

Quality of Investment- Good (based on past performance and use cases)
Growth required to reach $50- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
Market Cap at $50- Not Feasible
Time required to reach $50 if FTM were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, FTM has a moderate chance of reaching $50. Let us analyze it further:

Is it possible for FTM to rise 161 times?

In a span of 9 years, FTM would need to increase its value by 161 times to reach the desired future price. This level of growth is comparable to the rise of Bitcoin, which experienced a 1400-fold increase in value over a period of 10 years.

Considering this historical precedent, it is indeed feasible for a coin to achieve a growth of 161 times in 9 years, given favorable market conditions.

While such growth is possible, it’s not guaranteed and depends on market dynamics, adoption, and other factors influencing the cryptocurrency ecosystem.

Can we forecast accurately that a token will grow at a rate of 25% every year for the next 9 years?

It’s not realistic to expect a token to experience consistent growth at a fixed rate over a long period of time. Predicting the growth rate of a cryptocurrency for the next 9 years is highly uncertain and challenging.

Therefore, it’s not possible to assume that FTM will maintain a steady growth rate of 25% over the next 9 years. Market conditions, investor sentiment, technological advancements, and other factors can greatly influence the price trajectory of a token.

Fantom – Buy or Sell?

July 7th – Buy: 75%, Sell: 0%, Net: 75%
July 23rd – Buy: 80%, Sell: 10%, Net: 70%

Fantom Crypto Price Prediction: Can Fantom Reach $100?

Fantom needs to grow by around 450x times to reach $100. Note that it managed to reach its all-time high price of $3.09 in October 2021, where it grew by 134.34 times in 12 months from its lowest value of $0.023.

Thus, considering its 11.19 times growth in one month, we can say that the FTM coin can reach a price level of $100 in around 26.28 months roughly around 2 years). However, it is not practical considering the current economic factors and hence Fantom will require more than 2 years to reach that value.

Given these factors and the unpredictable nature of the cryptocurrency market, it is likely that FTM would require more time than initially calculated to reach a price of $50.

Also Read: Fantom Price Prediction

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Can Fantom reach $10, $50 and $100?