What Is Fantom? Cryptocurrency Price Prediction And Value Explained

Current market cap of Fantom is $1,039,261,393 and circulating supply of 2,545,006,273 FTM. The 24 hours trading volume of Fantom FTM is $424,846,947, and currently, the price of FTM/USD stands around $0.45. Currently ruling the exchange, Fantom is surging ahead due to Singapore-based Hyper Chain Capital having declared its investment worth $15 million. Fantom, more popularly known by its native token FTM, has recently been active in the crypto market, performing miracles. Before we start with detailed Fantom price prediction, check our the overview. The bullish trend is being supported by the 25-day and 50-day moving averages.

Based on our forecast, in short term Fantom is a bad investment and in the long term Fantom is a good investment. An ascending channel is defined as the price action contained between two parallel upward sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.

The bearish prices of the token continued to maintain until the onset of the 2020 bull run. Looking at the price rise of FTM in recent weeks, the token seems to be a good investment.

Bittorrent Price Prediction

The network is super popular with numerous projects built on it; given the advancements are maintained, we can see Fantom FTM price on the chart to soar to $0.70, making it a new high. Fantom not only features smart contract functionality but also offers a safe and highly secure system of transaction and trading with no middlemen involved. The company’s Hyperblocks subsidiary runs validators that help secure the Fantom blockchain.

Our guide will give you a idea of the Fantom expected growth and its price prediction, all from deep technical analysis to fundamental past price charts. With the further developments and upgrades that are happening within the FTM platform. The cryptocurrency FTM has a great future in upcoming days in this crypto market. It has a circulating supply of 2.5 Billion FTM coins and a total supply of 3.18 Billion. If you are looking to buy or sell Fantom, Binance is currently the most active exchange. 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, which enables the token platform to be much faster and cost-efficient than previous technologies.

The Fantom price is soaring because of the rising interest for the so-called Ethereum-killers. These are platforms that are similar to Ethereum but those that have advanced features like fast speed and lower costs. In the past few months, Fantom has been integrated in several platforms including Band Protocol, Chainlink, The Graph, and Covalent. However, we always suggest that you should evaluate the level of risk you are prepared to accept before investing. It is important to do your own research to help you decide if FTM is a good fit for your investment portfolio.

CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap. Get latest crypto prices, predictions, news, and historical data for Bitcoin and thousands of altcoins. If it keeps the market in the following years, the price is expected to reach the new highest level. FTM is anticipated to touch a maximum price level of $36.17 by the end of 2025. The predicted average price of FTM can be around $30.61 to depending on the market situation.

Fantom Ftm: Historical Analysis

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. The 3D chart shows a clear uptrend, ever since the drop in March 2020. Bulls wouldn’t want this zone to be rejected, otherwise, it would create a Swing Failure Pattern . It is a scenario where the price makes an ATH but fails to go further. It isn’t as bullish as it seems and you may see the price going down again. For example, this week Edgelon coin was launched just hours after Elon Musk changed his name on Twitter to Lord Edge. Many cryptocurrencies have a short track record, making them difficult to understand and predict.

Fantom price forecast at the end of January 2022 $1.81, change for January %. Move from $1.54 to $2.15 over the next month, Fantom has a price prediction of $1.75 in over a years time.

The surge started on 1st February, and has been rising ever since. Bitcoin price saw a recent bullish impulse that faced massive headwinds before it tagged a crucial psychological barrier. With directional bias and choppy price action, BTC is likely to experience massive volatility as the situation resolves over time. On the short side of the market, the hypothetical trade setup is a sell stop order at $2.40, a stop loss at $2.70, and a profit target at $1.60.

Fantom Coin Price & Market Data

According to the Motley Fool, smart contracts are used in establishing ownership of non-fungible tokens and decentralised finance . These are programs that allow blockchains to run more advanced transactions than just sending cryptocurrency from one person to another.

In this section, we will discover the Fantom price forecast by major websites and analysts. The cryptocurrency market is known for its volatility, and Fantom Foundation native token FTM is also subject to the same price changes. The Fantom team provides increased scalability, decentralization, and security and specializes in full-stack blockchain development. Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps using a new scratch-built consensus mechanism. It is the governance token of a directed acyclic graph smart contract platform, known for eradicating the issues related to smart contract contracts. If this bullish trend continues, FTM will reach $15 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25.

What Do Investment Analysts Think About Fantom?

Added to that are many financial giants announcing partnerships and massive investments worth billions. This growth has pushed the FTM price to an all-time high and its total market Fantomcoin capitalisation to more than $4.7 billion, making it the 32nd biggest cryptocurrency in the world. This is remarkable considering that Fantom was relatively unknown a few months ago.

Today, he focuses on providing trading consultancy and business development services for family office and brokerage clientele. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. According toDigitalCoinPrice, the price of the token will be worth $7.62. Higher timeframe indicates FTM has reached previous ATH support and golden Fibonacci, which may lead FTM to break a new high. CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry. Fantom is an acyclic graph smart contract project which offers decentralized finance services to developers utilizing its own bespoke consensus methodology.

Exchange Rate Fantom:

Conversely, if the investors turn against the crypto, the bears might take over and dethrone FTM from its uptrend position. In simpler terms, the price of FTM might plummet to almost $1.16, a bearish signal.

• The 100 SMA was acting as support for some time, but it was eventually broken, so the 200 SMA remains as the line in the sand now.
• Receive a free world-class investing education from MarketBeat.
• Fantom is a high-performance, scalable, secure, and directed acyclic graph smart contract platform that was created to address the shortcomings of previous-generation blockchain platforms.
• The coin has managed to rise to the key resistance level at $2.45, which was the previous all-time high.
• Capitalizing on its power calls for seamless integration with other back-end legacy systems to facilitate better outcomes which is the awaited outcome here.
• Some traders rely on price action and look at specific candle formations.

Moreover, this might boost the price of FTM in the crypto market, and it will be the best investment as the price can spike and reach around $52. One of the most important metrics affecting the price trend of FTM is the spike in TVL on the blockchain. As thedatashows, after a considerable jump in early October, the TVL metric has been ranging.

Is Sandbox Coin A Good Investment? : Epic Analysis 2021

Later, of course, the crypto market went through a brutal crash, so Fantom token price had been in free fall towards $0.15 until mid-July. The Fantom price analysis can be concluded on a bullish note for the year 2021. We will see higher FTM prices coming shortly and new all-time highs. After continuing in this zone for a while, the prices again dropped towards $0.003 and further.

Currently, the RVOL of FTM lies below the cutoff line which indicates the weaker participants in the current trend. In other words, FTM is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price.

Ftm Price Statistics

The FTM coin price rose to $2.41, which was a few points below its all-time high. This rally brought its total market capitalization to more than $6.133 billion. The price value of Fantom has changed -6.32% in the previous 24 hours. Nothing seems to be in the way of Fantom continuing to push on towards new all-time highs. The current consolidation likely shows a market that is moving into equilibrium with time instead of price. The overall trend remains bullish, despite some short-term selling pressure.

Right now, we are right above the early October high at $2.50, which is already acting as a support zone. The 50 SMA is also catching up, so the retreat should be over soon and the bullish trend should resume again. The 20 SMA is acting as resistance right now, but we are keeping our FTM/BTC signal open, waiting for the bullish trend to resume again soon. View our full suite of financial calendars and market data tables, all for free.

• As said above, it may reach even high heights, however reaching $11 if investors have planned that FTM is a good investment in 2021.
• In December 2019, when Ethereum showcased an exceptional performance breaking past $500 and moved to $900 beginning January 2020, Fantom started its gradual but steady performance.
• According to CoinMarketCap, the coin is up 6.35% in the past 24 hours and has a market cap of $7.82 billion.
• Polkadot price began turning around and moving higher on November 28.
• As the name suggests, a moving average provides the average closing price for FTM over a selected time period.
• The UK regulator has warned that Brits risk losing ALL of their money if they invest in cryptocurrencies.

The Fantom coin price may cross the $5 cap if the market sees a bull run in 2022. The average price for 2022 can be around $5.12, while the maximum price of FTM Coin can cross $10 before ending of the year 2022. The one-day Fantom price analysis predicts a bearish trend for the day as the bearish momentum has been recovered in the past 24-hours. The price has leveled down to $2.52 as a result of the recent downtrend. The hourly price chart displays red candlesticks as well, which is a further indication of a downside. The bearish trend is expected to intensify in the next few days if the current trend continues. Rend analysis can be done by using trend lines and by taking specific horizontal price levels or zones into account that reverse roles between support and resistance.

We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. The summary for FTM/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots. Fantom’s price action went from quite unremarkable in the first year or two after the token’s launch to getting some traction in the first half of 2021. As the crypto market rallied, so did FTM, with its price going from $0.01–$0.02 at the beginning of 2021 to more than $0.91 by mid-May.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself. CoinMarketCap’s dedicated information resource, Alexandria, can help you understand everything you need to know. The UK regulator has warned that Brits risk losing ALL of their money if they invest in cryptocurrencies.

To receive alerts, please allow web browser notification permission. HowTo Guides How to buy / sell / send Crypto guides.Crypto Questions Answering most of your crypto questions. Fundamental Analysis Key factors and information to perform crypto fundamental analysis. This could be an indication that Fantom is a bad buy in 2021. However, it’s important to consider both technical factors and fundamental factors (on-chain activity and development) before making the decision to buy Fantom or not. Coinpedia – Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel.

Author: Felipe Erazo