Fantom Price Prediction 2023, 2025, and 2030: Fantom vs Solana.

Fantom Price Prediction 2023, 2025, and 2030: Fantom vs Solana.

Fantom Price Prediction 2023 is $0.824

Fantom Price Prediction 2025 is $1.1

Fantom Price Prediction 2030 is $4.0

Can Fantom reach $10? Yes, Fantom can reach $10, read on

Fantom Price Prediction for the next 1 week is between 0$.19 and $0.22


Latest Fantom Price

Fantom Performance, Last 12 Months

  • Last 1 Month: -8.6%
  • Last 6 Months: -13.8%
  • Last 12 Months: -91.3%

Technical Analysis Summary (1 Week)

  • RSI: Sell
  • Stoch RSI: Sell
  • MACD: Sell
  • Moving Averages: Sell
  • Overall: Sell

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.

Is Fantom a Good Investment?

Fantom token use cases

Fantom is a decentralized platform to make DApps and digital assets and FTM is its in-house token. The following are the primary uses 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.

Fantom ecosystem

Fantom is a smart contract platform to make decentralized apps. 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.

In other simple words, the working of blockchain includes the production of new blocks. Here, the majority of the blockchains are limited by a single node that leads to the production of blocks. In the case of DAG, more than one node can work parallelly and hence, makes the system efficient.

Fantom makes use of its own asynchronous PoS consensus mechanism which is termed “Lachesis” and thus, enhances the scalability and security of blockchain. Unlike Fantom, Solana uses a proof of stake mechanism to verify the transactions and operates on a decentralized computer network using blockchain.

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.

Competitor analysis: Fantom vs Solana

Let us compare and analyze the price movements of Fantom and Solana over a certain period:

 FantomSolana
Major audienceBlockchain and Defi developers who are looking for a blockchain solution.Users and crypto developers who are looking for a fast and secure blockchain infrastructure.
Supported platformsSaaSSaaS
CategoriesBlockchain, smart contract, and Crypto staking.Blockchain, smart contract, and Layer 1 protocols.
Performance in the last 1 year-92.7%-91.9%
Performance in the last 3 months-8.7%-60.4%
Performance in the last 1 month-16%-2.8%
Performance in the last 7 days+9.5%+26.5%

We can see that Fantom coin’s price was more volatile in the last three months compared to Solana’s crypto token.

Fantom vs Solana use cases

Let us have a brief look at the use cases offered by FTM and SOL tokens. The following are the primary use cases of FTM tokens:

  • 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.

Following mentioned are the primary use cases of SOL tokens:

  • Users can make payments at various companies (such as iTecs, Coinsbee etc) using SOL tokens.
  • SOL crypto can be used for staking to earn rewards in return.
  • SOL holders can participate in the governance of the platform through voting mechanisms.
  • SOL tokens are used to power the DApps on the platform.

What is the major difference between Fantom and Solana’s use cases?

Despite that majority of the use cases of Fantom and Solana are similar, there is one crucial distinction between their usefulness among users.

Fantom is actually a collection of independent blockchains and also supports EVM (Ethereum Virtual Machine). Thus, users who are familiar with the Ethereum development environment would find it easier to build decentralized applications on Fantom.

On the other hand, Solana is a blockchain that finds its use cases in network speed and data security and hence is better suited for financial applications.

Fantom vs Solana: What type of categories do they cater to?

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

Whereas Solana caters to the categories of Defi and NFTs.

Fantom Price Prediction: Can Fantom reach $10?

To reach a value of $10, Fantom crypto needs to grow by 47.61 times, considering its current market price of $0.21.

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 294.11 times to reach $100, considering its current market price of 40.34.

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.

Fantom crypto price prediction: Can Fantom reach $1,000?

To reach a value of $1000, Fantom crypto needs to grow by 4,761.9 times, considering its current market price of $0.21.

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.

Also Read: Safemoon Price Prediction

Fantom Price Prediction 2023, 2025 and 2030

Fantom Price Prediction 2023 is $0.824

Fantom Price Prediction 2025 is $1.1

Fantom Price Prediction 2030 is $4.0

Fantom Price Prediction Today

Overall OutlookPartially Negative
1. Market's WisdomNeutral
1a. Market DataPartially Positive
1b. Technical RecommendationSell
2. Crowd's WisdomPartially Negative
2a. Social Media BuzzLower
2b. Social Media SentimentNeutral

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

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