Fantom (FTM) coin Price Prediction 2023, 2024, 2025, 2030, 2040 - The future of FTM
This blog post will cover:
- FTM Overview
- What Is Fantom (FTM) Token?
- Fantom Price Chart
- Fantom Price Technical Analysis
- Fantom FTM Price Forecasts Comparison
- FTM Price Forecast 2023, 2024, 2025, 2030, 2040
- A Historical look at FTM's price
- FTM Correlation
- What affects the price of Fantom?
- Should you consider buying Fantom?
- The Future of FTM
- FTM Price Forecast FAQs
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.
|Total Supply||3,175,000,000 FTM|
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:
- 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.
- 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.
- 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.
- 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.
- 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:
- 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.
- 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.
- 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.
- 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:
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.
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.
FTM tokens are used for payments on the Fantom network, enabling fast and cheap transactions across various applications and services.
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 updates for 2023 offer insights into the direction the platform is headed:
- Strategic role reassignment: Dr. Ahn Byung Ik, the founder of Fantom, is transitioning to a more strategic role within the organization, focusing on long-term vision and partnerships. In his stead, a veteran blockchain technologist from within the Fantom team will be taking up the mantle of leadership to guide the platform's day-to-day operations and innovations.
- Fantom pay revamp: With the initial success of Fantom Pay, the team faces some regulatory challenges in certain jurisdictions. As a proactive measure, they're entering partnerships with regulatory-compliant banking providers to ensure Fantom Pay's uninterrupted global services. Additionally, there's an accelerated push to launch Fantom Pay in several Asian markets by the end of the year.
- Introduction of Fantom Pulse: Fantom Pulse is a decentralized platform dedicated to media and content creators. It will offer opportunities for content monetization, ensuring creators receive fair compensation.
- Segmenting Fantom DeFi: recognizing the varied needs of its user base, Fantom's DeFi platform will be divided. One segment will cater exclusively to traditional finance users, allowing them to use blockchain benefits without excessive crypto exposure. The original platform remains dedicated to advanced crypto users - deeper DeFi functionalities, staking rewards, and more.
- Major funding round: Fantom has successfully secured a substantial investment from Global Blockchain Ventures. This financial boost is set to propel their R&D efforts, fostering more innovations and ensuring Fantom's sustainable growth.
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:
- Pick the crypto you’d like to swap (e.g. Bitcoin).
- Enter the number you want to exchange.
- Select FTM in the second drop-down list. You’ll see the estimated amount that you will get after the exchange.
- Click the Exchange button.
- Enter the Recipient's Address. FTM will be sent there. Check the address you entered — it’s important!
- Create the exchange.
- 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.
|Total supply||3.175B FTM|
*Information given above as of October 10, 2023.
Fantom Price Technical Analysis
Before diving into the FTM price prediction, let's first look at and review recent fluctuations of this token. As of September 10 October, FTM is ranked #32 on Coinmarketcap's cryptocurrency list, and its circulating supply is 2.5B FTM.
Over the last 7 days, Fantom's price has been somewhat volatile: it oscillated from $0.34 to $0.42. Therefore, let’s have a look at the FTM crypto price prediction.
Fantom FTM Price Forecasts Comparison
Different forecast platforms have provided their views on the potential future price of FTM as of October 10.
Bitnation: "As the crypto market continues to evolve, our analysis indicates that Fantom might reach a peak price of $0.52 by the end of this year. We anticipate a minimum price of $0.38, with an average price settling around $0.45."
Coincodex: "According to our current Fantom price analysis, we predict that the price of FTM will decrease by -5.6% and might touch $ 0.32 by September 11, 2023."
Cryptopredictions: "Starting at $0.34 in September 2023, our prediction models suggest that Fantom will close the month at $0.39. For September, the highest projected FTM future price is $0.55, and the lowest is $0.32."
Here is the comparison table outlining the FTM coin price prediction given by these platforms:
|Source||FTM Price Prediction 2023||FTM Price Prediction 2025||FTM Price Prediction 2030|
*Information provided as of October 10, 2023.
At present, these predictions don't suggest that FTM will approach the $10 mark in the near future.
Bitnation's predictions project a gradual uptrend for FTM. They foresee a price of $0.45 in 2023, climbing to $0.58 by 2025, and a more notable increase to $1.25 by 2030. Coincodex has a slightly conservative estimate for 2023 at $0.32, but they anticipate a more optimistic rise to $0.49 by 2025, followed by $0.65 by 2030. Crypto Predictions expects FTM to see a steady growth, reaching $0.39 in 2023, $0.51 in 2025, and $0.89 by 2030.
Additional forecasts for Fantom from other platforms:
|Source||FTM Price Prediction 2023||FTM Price Prediction 2025||FTM Price Prediction 2030|
*Information provided as of October 10, 2023.
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 2023, 2024, 2025, 2030, 2040
Here’s a general overview of Fantom price prediction:
|Year||Maximum price of FTM|
*Information provided as of October 10, 2023.
Fantom (FTM) crypto price prediction 2023
For 2023, the Fantom coin price prediction holds at the forecasted maximum price of $0.55. This estimation hints at a potential uptick from its current valuation, suggesting a positive trajectory for the token.
Fantom cryptocurrency price prediction 2024
Advancing to 2024, the anticipated maximum price for FTM is predicted to touch $0.65. This further ascent from the previous year showcases the possible growth momentum the token might harness.
Fantom (FTM) coin price prediction 2025
Fantom price prediction 2025 stands at $0.78. This steadily increasing projection indicates an optimistic view of the token's future value. 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 $1.45. 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 $2.21, depending on a number of factors. This implies a significant increase from the current price of $0.185146, 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 $1.09. 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||5 October 2022||$0.50|
|FTM/USD||5 October 2023||$0.55|
There's been a slight increase in the FTM price in USD over the past year.
|FTM/EUR||5 October 2022||€0.48|
|FTM/EUR||5 October 2023||€0.52|
In terms of Euro, FTM also experienced a minor appreciation.
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:
- 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.
- 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
- 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.
- 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.
- 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.