Fantom Price Prediction 2023-2030: Can Fantom Reach $1000?

Latest Fantom Price

Article Coverage: Fantom Performance, Latest Fantom News, Fantom Price Prediction Today, Latest Fantom Video, Is Fantom a Good Investment? Will Fantom reach $10, $100, $1000? Fantom Price Prediction 2023, 2025 and 2030

Fantom Performance, Last 12 Months, May 29th, 2023

• Last week: -3.59%
• Last 1 Month: -20.18%
• Last 6 Months: +69.7%
• Last 12 Months: +67.7%

Latest Fantom News

• Fantom (FTM) is highly acclaimed for its innovative technology, particularly its Directed Acyclic Graph (DAG) consensus mechanism. This enables fast and scalable transactions, making it a promising platform for decentralized applications (dApps) and smart contracts. Fantom’s achievements highlight its dedication to advancing blockchain technology and its potential to revolutionize industries.
• The Fantom ecosystem is experiencing remarkable growth, attracting a multitude of prominent projects and initiatives. Various notable ventures, such as DeFi platforms, dApps, and NFT marketplaces, have embraced Fantom as their preferred blockchain platform. This widespread adoption reflects the increasing interest and trust in Fantom’s capabilities, leading to a vibrant ecosystem of diverse applications and services.

Fantom Technical Analysis (May 29th, 2023)

• RSI (14) is in a neutral position at 47.711, indicating a lack of clear direction.
• STOCH (9,6) is in the sell zone at 22.364, suggesting downward momentum.
• STOCHRSI (14) is oversold at 0.000, indicating potential buying pressure.
• MACD (12,26) shows a slight buy signal at 0.001, suggesting a possible bullish crossover.
• ATR (14) indicates lower volatility at 0.0037.

Fantom Price Prediction Today

Latest Fantom Video

Fantom Price Prediction 2023: Is Fantom a Good Investment?

Fantom is a decentralized platform to make DApps and digital assets and FTM is its in-house token. Fantom’s ecosystem is scalable, permissionless, and decentralized and is based on DAG i.e., Directed Acyclic Graph. Note that DAG is a type of distributed ledger and is comprised of vertices and edges unlike blockchains consisting of blocks. Therefore, in this case, the transactions are represented by vertices and not blocks. By using DAG as a building block, the Fantom ecosystem aims to address the shortcomings of existing blockchain platforms, including longer transaction times.

Fantom makes use of its own asynchronous PoS consensus mechanism which is termed “Lachesis” and thus, enhances the scalability and security of blockchain.

The following are the primary use cases of FTM tokens:

• FTM coins can be used to pay incentives to the validators of the transactions on the network.
• Fantom token holders can participate in the governance of the Fantom network.
• FTM tokens can be used to participate in a cheaper and fairer travel economy through Travala.com.
• Fantom coins can be staked to earn rewards on the platform.
• Users can stake their FTM tokens to secure the network and in return, can earn up to 6% APY.
• FTM holders can also participate in the voting process to govern the platform.
• FTM tokens can be used to pay the network fees on the Fantom platform.

Fantom caters to DEXs, Cross-chain bridges, NFT platforms, GameFi, Yield optimizers, Lending and Borrowing.

Fantom has published a report claiming that FTM Virtual Machine is better than the EVM. FTM VM could theoretically allow for approximately 400 million daily transactions.

Fantom’s gas monetization program redirected 15% burn to reward high-performing dApps, retain talented creators, and support the network infrastructure. The system works by restructuring the ad monetization model from web2 and applying it to gas monetization for high-performing dApps that attract steady users. The gas fees paid to the network will be split with the builder at a rate of 15%.

Fantom is expected to be one of the readiest protocols for mainstream adoption due to its suitability for micro-transactions at scale and the support from DeFi pioneer Andre Cronje.

Partnerships

Fantom network is partnered with a diverse group of networks in order to provide wider benefits to its users. Its partners include Crypto.com, Travala.com, Ethereum classic labs, waves, Gravity blockchain, Suterusu, OKEx, Ontology, Nem blockchain, Coti blockchain, Fusion blockchain, Chekkit, and SK chain advisors.

Fantom Performance Statistics

• TVL is $532 Million, Ranked 8th
• NFT Transactions worth $44k completed in last 30 days, Ranked 17th

Looking at the performance, Fantom appears to be a moderate case for Investment.

Fantom Vs Cardano

Let us have a brief comparison between Cardano and Fantom:

• Fantom primarily caters to the categories of NFT platforms, DEXs, Yield optimizers, and cross-chain bridges. Whereas, the primary categories of Cardano are Defi and NFT.
• For the last year, FTM’s price has decreased by roughly 75%. While ADA’s price decreased by around 66%.
• FTM has increased by more than 30% for the last six months, in comparison to Cardano’s 28% decrease in price.
• Fantom crypto’s price has increased by around 136% in the last month. Whereas ADA’s price increased by around 40% for this duration.

Thus, it is evident from the data that FTM has certainly managed to outperform ADA for the last year.

Fantom Vs Ethereum

Let us have a comparison between FTM and ETH, especially in terms of their price movements:

• Fantom’s primary categories include DEXs, NFT platforms, yield optimizers, and cross-chain bridges. While, Ethereum primarily caters to the categories of Defi projects, NFTs, crypto staking, smart contracts, and layer 1 protocols.
• Fantom’s price has decreased by around 75% for the last year, in comparison to a 46.6% decrease in ETH’s price.
• For the last six months, FTM’s price has increased by more than 30%. Whereas Ethereum’s price has decreased by around 12% for this duration.
• FTM’s price is increased by around 136%, in contrast to ETH’s 29.2% increase for the last month.

Though ETH’s price is certainly improving for the last month, FTM is indeed outperforming with its more than 100% increase in price. However, FTM’s price dropped a lot for the last year, which might be a probable reason for its increase in recent months.

Fantom Price Prediction: Can Fantom reach $10?

To reach a value of $10, Fantom crypto needs to grow by 45x. Also, the FTM coin 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. It means that FTM crypto grew by 11.19 times in just one month.

Considering that, we can say that Fantom can reach $10 in less than 5 months. However, it is not practical considering the current economic factors including inflation and liquidity. In simple words, the current factors are not similar to that of the previous year and hence, it cannot be expected to show similar growth.

Thus, FTM cannot reach $10 in the next 5 months, instead, it needs much more time.

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.

Can Fantom reach $1,000?

To reach a value of $1000, Fantom crypto needs to grow by 4500x times. As we have discussed that FTM crypto grew by 11.19 times in one month (in 2021), therefore, it can reach $1000 in the next 425 months (around 35 years). Considering the current factor of liquidity and inflation, it will certainly need more time than calculated to reach a price value of $1000. Therefore, it is not practical to wait for Fantom to reach $1000 soon. If we apply an ROI of 30% per annum, it would take FTM 29 years to reach $1000, an unpredictable forecast.

Also Read: Safemoon Price Prediction

Fantom Price Prediction 2023, 2025 and 2030

• Fantom Price Prediction 2023 is $0.668
• Fantom Price Prediction 2025 is $0.909
• Fantom Price Prediction 2030 is $3.8

Whale purchase update

Sharkscan.io noticed a purchase worth $26,963 Fantom tokens at an average price of $0.21.

After this recent purchase, a total of $1,744,674 worth of $FTM is recorded as holdings.

Reddit community discussions

In a recent discussion on Reddit, users are discussing Fantom’s recent spending of $84,000 to buy BOO, GEIST, MMY, BRUSH, BEETS, and RBIF tokens.

To this, the majority of people are supporting this decision and looking forward to the bullish trend for FTM. One user commented that the FTM ecosystem might make a huge comeback. Another user wrote that this is encouraging for the ecosystem.

Fantom Crypto Price Prediction: Where to buy FTM Token?

Here are some general steps to follow to buy FTM crypto:

1. Finding a crypto exchange that has FTM listed.
2. Create an account with the Exchange.
3. Verify your identity.
4. Fund the wallet.
5. Make the purchase.

Some of the platforms where you can purchase FTM tokens are:

• Binance
• Coinbase
• eToro
• FTX

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

Track all Crypto Predictions here