Fantom Price Prediction 2023-2030

FTM Current Price $0.2254 (18.54 INR)

Fantom Price Prediction for 2023 stands at $0.441 (36.28 INR)

Fantom Price Prediction for 2025 stands at $0.801 (65.90 INR)

FTM Price Prediction for 2030 stands at $3.691 (303.66 INR)

Fantom Price Prediction spans from the $0.19 to $0.22 range for the next week

FTM Price Statistics

Fantom price:                          $0.2254 (18.54 INR)

Fantom Rank:                         58

FTM Market Cap:            $624.77M (51.399B INR)

Fantom Volume:                    $84.08M (6.91B INR)

Fantom Price Performance in Previous Months

• FTM Price Performance in the Previous 1 Month was -8.6%
• Fantom Price Performance in the Previous 6 Months was -13.8%
• Fantom Year to Date Price Performance is -91.3%

FTM Price Technical Analysis (1 Week Summary)

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

Fantom Price Prediction: Update for Wale Purchase

Sharkscan.io discovered a purchase of up to $26,963 worth of Fantom tokens with $0.21 as the average price of each. Following this latest buyout, a cumulative of nearly $1,744,674 value of FTM tokens are recorded in holdings.

Fantom in Discussions by Reddit Community

On Reddit, a recent discussion pointed out that the consumers are commenting on the recent spending of Fantom ($84,000) to purchase BOO, RBIF, BEETS, BRUSH, MMY, and GEIST tokens. Most of the people discussing this are in the favor of this decision while expecting a bullish trend to be organized by FTM. A consumer remarked that the ecosystem of FTM might witness a great comeback while another consumer labels this to be beneficial for the ecosystem.

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Fantom Price Prediction: Does Fantom Provide a Good Investment Opportunity?

Use Cases of Fantom Token

Fantom is known as a decentralized forum specialized in developing digital assets and DApps. FTM is the platform’s native token. Here are the FTM token’s chief use cases:

• FTM tokens can be utilized for recompensing rewards to the transaction validators on the network.
• The holders of the Fantom token can take part in the Fantom network’s governance process.
• FTM tokens can additionally be utilized to take part in a cost-effective travel economy via Travala.com.
• The holders can stake Fantom tokens to obtain rewards.

The Ecosystem of Fantom

Fantom operates as a platform of smart contracts to develop decentralized applications (DApps). The ecosystem of Fantom is scalable, decentralized, and permissionless, as well as established on DAG such as Directed Acyclic Graph. DAG is a distributed ledger type comprising edges and vertices dissimilar to the blockchains containing blocks. Thus, in this case, vertices –rather than blocks – denote transfers.

By utilizing DAG for block building, the ecosystem of Fantom targets to cope with the limitations of the present blockchain platforms, taking into account longer transfer times. The blockchain operations take into account the latest blocks’ creation. In this respect, most of the blockchains have a restriction of a single node leading to the blocks’ production. In DAG’s case, simultaneous work is done by more than one node, making the system effective.

Fantom utilizes a PoS consensus mechanism that is asynchronous and also called “Lachesis”. Hence, it improves the security and scalability of blockchain. Dissimilar to Fantom, a proof-of-mechanism is utilized by Solana for the validation of transfer. It uses blockchain to run on a decentralized computer network.

Partnerships

Fantom network has collaborated with diverse networks to offer broader advantages to consumers. Its collaborators include SK chain advisors, Chekkit, Fusion blockchain, Coti blockchain, Nem blockchain, Ontology, OKEx, and Suterusu. Gravity blockchain, Waves, Ethereum classic labs, Travala.com, and Crypto.com are also its partners.

Fantom Price Prediction: Will Fantom Price Reach $10?

Fantom requires a 47.61-time growth to reach the $10 mark, in line with its present price of $0.2254 (18.54 INR).

Additionally, the FTM token remained successful in achieving an all-time high value of up to $3.09 back in 2021’s October. At that time, the token’s price surged by nearly 134.34 times from the lowest spot of $0.023 during the previous 12 months. It signifies that the FTM token rose by 11.19 times per month.

Keeping that in view, the Fantom token can potentially touch $10 before even 5 months.

Nonetheless, that does not seem practical as the present economic aspects such as liquidity and inflation are not favoring the price rise. In other words, the present scenario is not like that witnessed during the previous year. In this way, the token may not present analogous progress.

Hence, the FTM price cannot touch $10 during the coming five months, rather, it requires a lot more time.

Fantom Price Prediction: Can Fantom Price Reach $1,000?

For Fantom to have a price value of $1,000, there is a requirement for the token to have a 4,761.9-time growth because its current price is $0.2254 (18.54 INR).

As mentioned above, an 11.19-time upsurge in just 1 month during 2021, thus, it can touch the $1000 mark with this progress for consecutive 425 months (almost 35 years).

Again, liquidity, inflation, and other such economic factors are against any growth. This indicates the requirement of additional time than the expectation to achieve the respective price level.

Thus, it does not seem practical for Fantom’s price to reach $1,000.

Fantom Price Prediction 2023-2030

FTM Price Prediction for 2023 stands at $0.441 (36.28 INR)

Fantom Price Prediction for 2025 stands at $0.801 (65.90 INR)

Fantom Price Prediction for 2030 stands at $3.691 (303.66 INR)

FAQs

What is Fantom (FTM)?

Fantom is a platform for smart contracts and utilizes a directed acyclic graph (DAG) instead of blockchain for supporting a network targeted at maximizing scalability and speed.

Can Fantom Price Reach the $10 Mark?

Yes, the price of the Fantom token can reach if the above-mentioned conditions are fulfilled to let the token grow in value.

Can Fantom Price Reach $1,000?

Present macroeconomic conditions indicate that reaching the $1,000 mark will potentially not be practical for Fantom anytime sooner.

What Is Fantom Price Prediction Today?

Overall Outlook                                      Optimistic

1. Social Media Response                    Neutral

2. Social Media Buzz                             Positive

3. Market’s Wisdom                              Optimistic

4. Technical Recommendation         Purchase

5. Market Data                                        Optimistic