Fantom (FTM) coin Price Prediction 2024, 2025, 2030, 2040 - The future of FTM

In this article, we will explore the world of the Fantom blockchain platform and its native FTM token. We will consider important metrics, look at the token's price history and dynamics, as well as try to give an estimate of a future price prediction. In addition, we will talk about Fantom’s competitors, and dive deeper into the subject, as well as look at what experts have to say about it.

Disclaimer: SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

FTM Overview

What Is Fantom (FTM) Token?

Fantom (FTM) is a cryptocurrency project that aims to provide a fast, scalable, and secure platform for decentralized applications, smart contracts, and peer-to-peer payments. Fantom is an open-source blockchain platform that offers ledger services to businesses and applications. It is permissionless, meaning anyone can run code on it, and it aims to develop an infrastructure for a more connected and efficient future. Today we will figure out what is Fantom and how it works. 

Fantom uses a directed acyclic graph (DAG) architecture and a novel consensus mechanism called Lachesis to achieve high throughput, low latency, and high security. Some of the features and benefits of FTM are:

FTM is a crucial token of the Fantom network, serving multiple roles. Some of the functionalities include:

1. Network security: FTM is instrumental in safeguarding the Fantom network through a Proof-of-Stake mechanism. Those wanting to operate as validator nodes must maintain a minimum of 3,175,000 FTM. Similarly, stakers commit their FTM tokens as collateral. As a token of appreciation for their commitment, both validators and stakers earn epoch rewards and transaction fees. This model not only ensures decentralization but is also eco-friendly.
2. Transactions and payments: FTM token ensures fast and cost-effective transactions. With the capability to process transactions in just about a second at a cost of around $0.0000001, FTM sets a high benchmark.
3. Decentralized decision-making: Fantom uses a fully decentralized model with no authority. The FTM token plays a pivotal role in on-chain governance. Stakers can use their FTM tokens to propose, debate, and vote on network enhancements and changes.
4. Facilitating network operations: FTM is the go-to token for various network fees, be it standard transaction charges or fees associated with deploying smart contracts. These minimal fees act as a protective barrier, deterring malicious spam attacks that can bog down the system.
5. Understanding FTM's supply dynamics: out of a total supply of 3.175 billion FTM, 2.1 billion tokens are active in circulation. The remaining tokens are set aside for staking incentives. Factoring in the current reward rates, it's estimated to take over two years to disseminate all staking rewards, culminating in the complete circulation of FTM. To facilitate easier trading, FTM's supply spans various token standards, albeit capped at 3.175 billion. Presently, FTM variants include native mainnet tokens, ERC-20 tokens, and BEP-2 tokens.

Fantom (FTM)’s rivals

Fantom (FTM) has several competitors in the cryptocurrency space. Some of the notable ones are:

1. Solana (SOL)
   
   
   Solana is a high-performance blockchain platform that aims to provide fast and cheap transactions for decentralized applications and smart contracts. It uses a unique consensus mechanism called Proof of History (PoH) to achieve high throughput and low latency. Solana also supports a variety of DeFi services and applications, such as lending, borrowing, staking, swapping, and more.
2. Polygon (MATIC)
   
   
   Polygon is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions for decentralized applications and smart contracts. It uses a Plasma-based sidechain architecture to achieve high throughput and low latency. Polygon also supports a variety of DeFi services and applications, such as lending, borrowing, staking, swapping, synthetic assets, and stablecoins.
3. Binance Smart Chain (BSC)
   
   
   Binance Smart Chain is a blockchain platform that runs in parallel with Binance Chain. It aims to provide fast and cheap transactions for decentralized applications and smart contracts. BSC uses a Proof of Staked Authority (PoSA) consensus mechanism to achieve high throughput and low latency. BSC also supports a variety of DeFi services and applications, such as lending, borrowing, staking, swapping, synthetic assets, stablecoins, and more.
4. Avalanche (AVAX)
   
   
   Avalanche is a blockchain platform that aims to provide fast and cheap transactions for decentralized applications and smart contracts. It uses a consensus mechanism called Avalanche-X to achieve high throughput and low latency. Avalanche also supports a variety of DeFi services and applications, such as lending, borrowing, staking, swapping, synthetic assets, stablecoins, and more.

The foundation of Fantom (FTM) dates back to 2018 when the Fantom Foundation was created. The project launched its mainnet called OPERA in December 2019. The foundation’s goal is to provide fast and secure decentralized services for developers and users alike.

The Foundation of Fantom (FTM)

Fantom, the native token FTM, emerged as a visionary response to the scalability and transaction speed issues persistent in most blockchain platforms. Founded by Dr. Ahn Byung Ik in 2018, Fantom was conceptualized to be the pioneering force behind a new need for faster, more efficient distributed ledgers. Dr. Ahn, a prominent figure in the South Korean tech scene, had previously founded a popular food tech platform, SikSin.

The foundation of Fantom was laid on the concept of Directed Acyclic Graph (DAG) smart contract platform, the goal was to offer near-instantaneous transaction speeds at an extremely low cost. This technology is different from traditional blockchain designs, allowing for asynchronous transaction confirmations. As a result, Fantom offers a much higher transaction throughput, a feature that quickly gained attention in the decentralized application (dApp) development community.

As Fantom progressed, it wasn't just the technology that made headlines, but also its collaborations. The platform secured partnerships with prominent organizations and governmental bodies, especially in the Middle East and South Asia. Projects ranged from data-sharing, supply-chain optimization, to creating public infrastructures. These partnerships have strengthened Fantom's position as not just another blockchain platform, but as a next-generation solution for real-world applications.

Fantom token functions

Here's a short overview of the FTM token functions:

Staking

Users can stake their FTM tokens on the Fantom network to secure the network and earn rewards. Staking also grants users voting power in governance proposals.

Governance 

FTM tokens are used for governance purposes, allowing token holders to participate in the decision-making process of the Fantom network. Users can create and vote on proposals that affect the network’s parameters and development.

Payments

FTM tokens are used for payments on the Fantom network, enabling fast and cheap transactions across various applications and services.

Fees

FTM tokens are used for fees on the Fantom network, such as gas fees for executing smart contracts or transferring tokens. Fees are collected by validators and burned, reducing the total supply of FTM.

Fantom Development Roadmap

The Fantom team consistently keeps the community informed about its developmental strides and forthcoming initiatives. The latest updates offer insights into the direction the platform is headed:

• Scalability Challenges: Fantom acknowledges the scalability issues prevalent in current blockchain systems, particularly concerning trade-offs between scalability, decentralization, and security. Despite handling credit card transaction volumes reaching billions per day, blockchain networks struggle to match the throughput of traditional payment systems like VISA.
• Project Aida: Fantom introduces Project Aida, a testing framework aimed at identifying bottlenecks in the network's block processing. Through experiments conducted on the mainnet, Aida reveals that the Ethereum Virtual Machine (EVM) and the StateDB are the primary components impeding network scalability. Project Carmen - New Storage System: In response to the identified bottleneck, Fantom develops Project Carmen, which aims to overhaul the current storage system. The new file-based StateDB eliminates inefficiencies associated with the Merkle Patricia Trie (MPT) structure, enabling more flexible and scalable storage management.
• Project Tosca - Fantom Virtual Machine (FVM): Fantom Virtual Machine (FVM) emerges as the solution to enhance smart contract execution efficiency. Compatible with Solidity and Vyper, FVM utilizes dynamic translation and super-instructions to optimize code execution, resulting in faster processing times and reduced resource consumption.
• Experimental Results: Fantom conducts experiments on the mainnet data, showcasing significant improvements in transactions per second and storage efficiency. The implementation of the new storage system and FVM could potentially enable the Fantom network to process up to 400 million transactions daily, offering a promising solution to scalability challenges.

Fantom is moving towards transformations in its team dynamics, platform functionalities, and expansion strategies. They affirm its commitment to innovating within the blockchain space and augmenting its global footprint.

Where and how to buy FTM crypto?

Want to buy FTM? Ensure that you get acquainted with the core information about the project and its token. Don’t forget that it should be your own decision to purchase any crypto. If you made your choice, you may easily buy FTM through SimpleSwap:

1. Pick the crypto you’d like to swap (e.g. Bitcoin).
2. Enter the number you want to exchange.
3. Select FTM in the second drop-down list. You’ll see the estimated amount that you will get after the exchange.
4. Click the Exchange button.
5. Enter the Recipient's Address. FTM will be sent there. Check the address you entered — it’s important!
6. Create the exchange.
7. You’ll see the BTC deposit address. You have to transfer the necessary sum of BTC to this address to start the exchange. Then wait for tokens to arrive at your wallet.

To check out a detailed Fantom price prediction - keep on reading.  

Fantom Price Chart

Based on data from Coinmarketcap, FTM has experienced some volatility over the past month. On August 12, the price of the asset stood at $0.20, but as of today, it's trading at $0.15. However, it's worth noting that this isn't the lowest FTM has been. The all-time low for the asset was $0.0012 back on March 13, 2020.

*Information given above as of March 19, 2024.

Fantom Price Technical Analysis

Fantom price has been declining since February 2023 and formed a trending line acting as a dynamic support level. The trend reversed course in October 2023, propelling FTM's price upward and coinciding with a significant surge in trading volumes. Breaking through the established trend line, FTM reached a local high at $0.5669. However, an attempt to test the resistance level at $0.5462 was unsuccessful, leading to a correction.

At present, FTM's price is trading near the 100-day moving average, having recently rebounded from the point of control level. The Relative Strength Index (RSI) on the daily timeframe indicates a neutral zone.

FTM Technical Analysis. Source: TradingView

Fantom FTM Price Forecasts Comparison

Different forecast platforms have provided their views on the potential future price of FTM as of October 10.

Bitnation: “Fantom has experienced significant growth over the past 12 months, recovering from a bear market. Due to this recent growth, Fantom is expected to reach a high of $3.23 over the next few years.”

Coincodex: “The Fantom price prediction for 2030 is currently between $ 0.817439 on the lower end and $ 5.53 on the high end.”

Cryptopolitan: "For 2030, FTM may attain a maximum value of $8.64, an average trading price of $7.30, and a minimum price of $7.09."

Here is the comparison table outlining the FTM coin price prediction given by these platforms:

*Information provided as of March 19, 2024.

At present, these predictions don't suggest that FTM will approach the $10 mark in the near future.

Based on the price predictions from various sources, Fantom (FTM) shows a range of potential values over the next decade. Bitnation's forecasts present a bullish outlook, with FTM expected to reach $2.12 in 2024, $2.97 in 2025, and $7.22 by 2030.

Conversely, Coincodex offers a more conservative projection, anticipating FTM to be valued at $0.6655 in 2024, $1.74 in 2025, and $3.53 by 2030.

Cryptopolitan's predictions align with Bitnation's bullish sentiment, suggesting FTM could reach $0.6705 in 2024, $1.02 in 2025, and potentially surge to $7.30 by 2030.

These varying forecasts reflect differing expectations regarding Fantom's adoption, technological advancements, market trends, and overall performance. Investors should consider conducting comprehensive research and analyzing multiple perspectives before making investment decisions in Fantom.

Remember that cryptocurrency investments are speculative, and prices are influenced by a plethora of factors, including market trends, technological advancements, and global economic conditions. Always conduct thorough research and consult financial experts before making investment decisions.

FTM Price Forecast 2024, 2025, 2030, 2040

Here’s a general overview of Fantom price prediction:

*Information provided as of March 19, 2024.

Fantom cryptocurrency price prediction 2024 

In 2024, Fantom (FTM) exhibits substantial potential as a well-established EVM-compatible Layer 1 blockchain with a growing user base. The anticipated rise in user numbers and transaction volumes is expected to contribute to the increased value of FTM. Based on our analysis, FTM has the potential to reach $0.8856 in 2024.

Fantom (FTM) coin price prediction 2025 

In 2025, the crypto industry is poised for a promising year marked by a bullish market and increased adoption of crypto technologies worldwide. The Fantom network is expected to play a pivotal role in numerous applications, facilitating a surge in transaction volumes. Additionally, the user base of the Fantom chain is projected to expand. These favorable factors are anticipated to contribute to the continued growth of FTM. Our forecast suggests a target of $1.685 for FTM in 2025.

Fantom (FTM) coin price prediction 2026

According to our analysis FTM may reach its all time high price in 2026 with the potential growth up to $3.7. As always, it's crucial for investors to stay updated with market dynamics and external factors affecting FTM's price.

Fantom (FTM) coin price prediction 2030 

As for the FTM price prediction 2030, the maximum forecasted price for FTM hovers around $6.5. This long-term perspective suggests a sustained growth trend for FTM. However, potential investors should recognize the volatile nature of the crypto market and the various elements that can influence token valuations in the years to come.

Fantom (FTM) coin price prediction 2040

Looking ahead to 2040, the Fantom crypto price prediction suggests a possible maximum price of $9, depending on a number of factors. This implies a significant increase from the current price, indicating a bullish outlook for the token. However, this will largely depend on market trends, technological innovations, adoption rates, and regulatory developments that may affect FTM’s performance in the long run.

On the other hand, if the crypto market faces a bearish scenario, the minimum price for FTM could drop to $3.5. This would still represent a decent growth from the present value, but not as impressive as the maximum projection. Therefore, investors should be cautious and realistic about their expectations and risk appetite when investing in FTM.

Fantom (FTM) coin price prediction shows a potential for a substantial appreciation in the next few years. However, this is not a guarantee and there are many uncertainties and challenges that could affect FTM’s future value. Investors should do their own research and analysis before making any investment decisions.

A Historical look at FTM's price

Fantom’s (FTM) all-time high was witnessed in February 2021 when the price soared to $0.94. On the flip side, it's all-time low was during the bearish market of March 2020, where FTM's price stooped to $0.0012.

FTM/USD Pair

FTM/EUR Pair

FTM Correlation

FTM's price dynamics have exhibited various correlation degrees with other cryptocurrencies. Here's a snapshot of those correlations.

Positively Correlated Currencies

Negatively Correlated Currencies

What affects the price of Fantom? 

Like many cryptocurrencies, Fantom's price is influenced by more than one factor, one of which is the overall market sentiment. Positive advancements can drive price surges, while setbacks can trigger downtrends. Cryptocurrencies, especially those with capped supplies, are also significantly shaped by supply and demand dynamics. The liquidity and trading volume in the market are pivotal for price stability, with higher liquidity acting as a deterrent to price manipulation. External factors, including global economic scenarios and regulatory changes, also play their roles.

Specifically for FTM, several factors come into play:

1. Adoption and use cases: the wider the acceptance and application of Fantom's technology, the greater the impact on its price. If the platform witnesses heightened utility, whether it's for its fast transaction capabilities or other features, this could potentially enhance demand and propel prices.
2. Regulatory developments: any regulatory shift can influence Fantom's trajectory. Friendly regulatory environments can bolster legitimacy, whereas stringent regulations might introduce elements of doubt, affecting the price
3. Competition: rival platforms and projects can pose a challenge to Fantom's dominance. Market competition spurs innovation, and the dynamism in this sphere can either aid or hinder Fantom's growth.
4. Token supply and demand: the circulating supply of FTM tokens and the market's demand for them will, of course, impact the price directly. Events like token burns, which decrease available supply, can particularly influence prices.
5. Technological developments: any alteration, enhancement, or updates to Fantom's underlying technology could potentially sway investor sentiment and thus the price. An evolving platform that continues to address market needs and innovate is likely to attract more interest.

Should you consider buying Fantom?

Are you wondering if FTM is a worthy investment? It is hard to predict the exact potential benefits or losses from Fantom, but overall the moods remain positive. 

This is due to a few advantages of Fantom, like it's high-performance, scalable, and secure smart-contract platform. It's designed to overcome the limitations of previous blockchain platforms and offers remarkably fast transaction times at a lower cost, which is essential for dApps and decentralized systems.

Fantom's primary aim is to create a more inclusive and open financial system. With its user-centric approach, it paves the way for both seasoned crypto enthusiasts and newcomers to embrace the perks of a decentralized ecosystem without the usual complications.

FTM's staking mechanism is another strong point. By allowing token holders to stake their FTM, they can participate in the network's consensus mechanism, earn rewards, and thereby potentially increase their holdings over time. This can be especially enticing for those who believe in the long-term prospects of the network.

The utility of FTM tokens goes beyond just staking. Within the Fantom ecosystem, they serve as the primary medium of exchange, are used to pay for transaction fees, and play a role in network governance. Such diverse utility can bolster demand for FTM tokens.

Fantom boasts a vibrant and active community that consistently supports its growth and innovations. Such an engaged community can nurture trust, offer crucial feedback, and drive organic promotion.

As Fantom evolves, further developments, strategic partnerships, and extended utility of the FTM token can enhance its attractiveness for potential investors.

However, it's paramount to approach any investment decisions with caution. Like with any subject, it's critical to conduct thorough research and develop a strategy, as well as understand your own needs. Cryptocurrency valuations can be unpredictable.

The Future of FTM 

Taking into account all positives and negatives of Fantom, one can say that the future is looking bright for this coin. However, the trajectory of any cryptocurrency is influenced by a wide range of elements - technological innovations, market shifts, regulatory environments, and broader adoption trends. To stay ahead of the curve with FTM's developments, always keep an eye on recent news, updates from the Fantom team, and conduct periodic assessments of its roadmap and current status. The inherent volatility of the crypto sphere demands a proactive approach, ensuring investment decisions are both informed and intuitive.

FTM Price Forecast FAQs

Looking for more information on Fantom or have unanswered questions? Great news, we’ve got you covered - keep reading for the FAQ section. 

Can Fantom FTM coin reach $100 dollars? 

While predicting exact prices is challenging due to the volatile nature of the cryptocurrency market, reaching $100 would represent a significant increase from its current value. It's important to monitor market trends, technological advancements, and the broader adoption of the Fantom network to gauge its potential.

Is Fantom a good investment for the long term? 

It's essential to avoid giving direct investment advice. However, Fantom is perceived as a promising project given its unique consensus mechanism and potential for scalability. Always conduct thorough research and perhaps consult with financial experts before making any investment decisions.

How high can Fantom crypto go? 

The potential price of Fantom depends on various factors, including market demand, technological developments, and the broader cryptocurrency market trend. While it has experienced significant growth in the past, predicting exact future prices remains speculative.

How much will Fantom price be worth in 2040? 

Predicting prices so far into the future is inherently uncertain due to the myriad of factors that can influence the cryptocurrency market over such a long period. As of now, most forecasting platforms don't provide predictions that far ahead.

Does Fantom FTM coin have a future? 

Yes, Fantom is seen as a promising and innovative project in the crypto space. With its focus on addressing scalability and transaction speed issues in blockchain, it has the potential to carve out a significant niche for itself. However, like all investments, it's crucial to stay updated with its developments and the broader market trends.