For more than a week, the FTM price moved in a stabilized range between $0.7090 and $0.9590. After that, the bulls got up steam, and the altcoins were able to break over the resistance level. Nevertheless, the bulls lost steam and began trading with a negative bias after registering a 29.3% surge.
The bulls saw another surge in value of 21.50% and are about to challenge the barrier level of $1.1170 after trading around its support/resistance level of $1. The fate of this move is still to be determined.
The red histogram of the technical indicator MACD shows a continuous fall, suggesting a positive effect on the market. Additionally, the averages indicate a strong likelihood of a bullish convergence, indicating that the price will continue to rise in the upcoming days.
The bulls will be ready to challenge Fantomcoin’s upper resistance level of $1.40 in the next weeks if the cryptocurrency’s price rises over the barrier level of $1.1170. In contrast, the price will lose pace and drop to test its lower support level of $0.7090 shortly if the bulls are unable to acquire traction.
Fantom Price Forecast 2024
With higher volumes, the introduction of more recent dapps, and the successful completion of the 335 M FTM incentive program. With enthusiastic marketers, the price of the digital asset can rise to a new potential high. Higher volumes may be attracted by societal attitudes. The rise in holdings will be a positive indicator of the price of FTM’s long-term growth.
Seeking support from holders, in turn, the price would be resistant to significant declines. On the other hand, the increase in bullish volumes will support a maximum gain in the FTM price of $1.92. Conversely, the price can fall as low as $1.06. Nevertheless, the average cost may end up being $1.49.
Fantom Price Prediction 2025
Examining the asset’s past footprints is crucial for making long-term price predictions. and how it acts when the market is taken over by bears. Historical data indicates that Fantomcoin is still somewhat erratic during market swings. Therefore, the price may go to $2.75 by the end of 2025, at the very least.
This lightning-fast smart contract platform might reach $2.20 as the coin develops further. The increased use of the protocol might provide the catalyst for this. and fruitful connections and cooperation. That being said, the price of Fantom cryptocurrency may settle at intermediate levels of $1.65 when taking into account its typical trajectory during its cycles.
Fantom Price Prediction 2026
Our researchers anticipate that the price of FTM coins in 2026 may vary from $2.26 to $3.31, with an average Fantom price of about $2.78.
Fantom Price Prediction 2027
Our experts predict that the average price of FTM will be around $3.49 and that the Fantom price for 2027 will likely range from $2.98 to $4.01.
Fantom Price Prediction 2028
Our researchers estimate that the average Fantom coin price in 2028 will be around $4.03 and that the FTM cryptocurrency forecast will vary from $3.45 to $4.62.
Fantom Price Prediction 2029
Our experts predict that Fantom’s 2029 projection might be in the range of $4.00 to $45.24, with an average FTM coin price of about $4.62.
Fantom Price Prediction 2030
Our experts expect that the average Fantom price in 2030 will be around $5.55, with FTM projections ranging from $4.85 to $6.25.
Fundamental Analysis
Dr. Ahn Byung Ik, a South Korean computer scientist, introduced the Fantom protocol. The foundation’s 2018 inaugural product offering became available to the general public in December 2019. Michael Kong serves as the network’s CEO at the moment. The network’s creative developers have extensive experience with full-stack blockchain development.
The goal of the team is to develop a scalable and secure smart contract platform. Fantom’s Opera mainnet deployment is made possible by one of the consensus layers of the Lachesis platform. The development team may implement its current decentralized Fantom, which is built on Ethereum, demonstrating the great flexibility of the Fantom Blockchain’s modularity.
What Is Fantom Token?
Fantom is a permissionless, decentralized, open-source smart contract platform. designed to address the shortcomings of the blockchain networks from the previous generation. Lachesis, a groundbreaking aBFT consent mechanism, is used by the DeFi token. As a result, the token platform can operate far more quickly and cheaply than it could with earlier technology.
Fantom’s native token, FTM, aims to address smart-contract platform technical issues, particularly those about transaction speed. Developers assert that they have reduced the speed to less than two seconds, according to reports. To further enhance security, the cryptocurrency uses a leaderless Proof-of-Stake process. Additionally, the protocol works with both BEP 2 and ERC 20.
FAQ
What about governance rules?
On-chain governance is used by Fantom; all voting is done on-chain and decentralized. A vote consists of one FTM token. Thus, all holders of FTM tokens who stake them are eligible for governance rights. 100 FTM tokens, which will be burnt during the procedure, are required for each proposal submission. The transaction fee a negligible portion of one FTM coin is the only expense associated with voting.
Interesting fact: users have the option to indicate how much they agree with the plan or to vote simply yes or no. For instance, 0 denotes disagreement, and 4 is complete agreement. Every suggestion has several choices.
How does Fantom work?
Fantom was developed with four main tenets: modular design, scalability, security, and open source, in addition to the decentralization goal. Fantom uses a few technology elements to accomplish these aims. Let’s investigate them.
Is Fantom (FTM) a good investment?
Fantom, a scalable blockchain platform for decentralized applications, offers a potentially rewarding investment due to its strong community, underlying technology, and initial venture capital support. However, due to volatility and other risks in the cryptocurrency market, it is an unwise investment. It is crucial to invest wisely and conduct thorough research.
What is the Fantom Foundation?
The Fantom Foundation, founded in 2018, is a non-profit organization focusing on developing the Fantom blockchain platform. Located in Singapore, the foundation has a team of engineers and developers from around the world. Its main vision is to create a robust ecosystem for Dapps on Fantom blockchains, with notable partnerships like Beethoven X, SpookySwap, and Tarot. Fantom aims to provide an efficient platform for smart contracts and Dapp deployment.
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