Cryptocurrency Price Prediction

Fantom (FTM) Price Prediction: Will FTM Price Surge Beyond $5 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 7, 2022

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 The crypto-verse has been generous enough to aspiring and innovative projects. That brings drastic changes to the ecosystem by offering unique services. One such protocol that holds the potential to revolutionize the Defi world with its smart contracts is Fantom. That said, the network boasts $4.81 B in TVL, with a market share of 2.86%.

The vision behind the launch of the FTM token was to integrate the compatibility between all transaction platforms around the world. The platform is known for employing the “Direct Acyclic Graph” (DAG) smart contract platform, which empowers the scalability of the network. 

The distinctive strengths of the network and the recent 335 M FTM incentive program, have caught the interests of marketers. Who are keen on, if FTM price could propel to the $5 mark this 2022. Are you one of the many investors keen on FTM? Look no further, as we exhibit the plausible price prediction of FTM for 2022 and the incoming years.

Overview

Cryptocurrency.Fantom.
Token.FTM.
Price.$2.25.
Market Cap.$7,973,017,806
Trading Volume.$1,529,532,179
Circulating Supply.110,367,243.00 FIL
All-time high.$2.26  8th October 2021.
All-time low.$0.002288 on March 18th, 2020.

Fantom (FTM) Price Prediction For 2022

Potential LowAverage PricePotential High
$2.872$3.486$4.001

  FTM price had initiated its run to 2022 with a price tag of $2.2552. The trajectory of FTM had picked up the pace on a bullish note, which rose to $3.1582 on the 5th of January. While it had to face the bottom at $2.128 on the 10th of January. The altcoin climbed up to its quarterly high of $3.374 by the 17th of January.

But the rise was short-lived as the FTM price plunged to $1.8100 by the 22nd of January. Thereon the price has been ranging southwards with interim oscillations. On the 24th of February, the FTM price witnessed its first bottom at $1.314.

While it did pose a rebound to $2.0135 by the 6th of March. The digital asset came across a major downswing, that pushed the price to its quarterly low of $1.0597. That said, the asset closed its trade for Q1 with a price tag of $1.5430.

Fantom’s (FTM) Price Prediction For Q2 

  If Fantom seeks impetus from the bulls, it could portray a surge similar to that from the start of the year. Which could propel the price by ~38% to $2.1280 by the month of May. That said a surge coming with a spike in volumes could push the price to its potential high of $2.4205.

On the flip side, if the digital asset sees a drop in activity and trades. The price of the asset could close the quarterly trade at a potential low of $1.721. That said, day-to-day trade practices could settle the asset with an average price tag of $2.1280.

 FTM’s Forecast For Q3

  The digital asset would need to carry forward a bullish stance from the second quarter. In order to surpass the barriers set at levels around $2.589. With an increase in volumes, deployment of newer dapps, and with the 335 M FTM incentive program bearing fruits. The price of the digital asset could reach its potential high of $2.9911, by the end of 2022.

That said, diverging interests of investors and traders, and efforts not bearing expected results. Could drag the price of FTM to its bottom at $2.0898. However, debarred from being influenced by the bears or by the bulls, the average price could stand at $2.5731.

FTM Prediction For Q4

 FTM price could ignite a catapulting flight in the fourth quarter of 2022, as marketers would hold a bullish outlook. The social sentiments could drive in higher volumes. That could persuade the price of FTM towards its new ATH of $4.001 by the end of 2022.

While bland circumstances alongside routine trades could limit the price to $3.486. If bears outrun the bulls, and if the market sees an unfortunate dump. The price of Fantom could find support at $2.872 by the end of its annual trade.

Fantom’s Price Forecast For 2023

 If circumstances favour the vision of Fantom, initiatives such as incentive programs, perks of the network, and the stance of the community. Could accelerate the adoption of the protocol, which could bring in newer investors. Wherefore, the price might surge to its maximum annual closing target of $5.497.

On the contrary, if things go unplanned and if the digital asset falls prey to negative criticism and FUD. The price of the altcoin would settle at its potential low of $4.019. That said, considering all the viewpoints, the digital coin’s promising average price could be $4.969.

Price Prediction For The Next 5 Years

When predicting the price for the long term, it is implicit to analyze the asset’s historical footprints. And how it behaves when bears overtake the market. From a historical point of view, Fantom remains relatively volatile during market fluctuations. Hence, by the next five years, at minimum, the price could flip to $14.921.

As the coin continues to evolve, this super-fast smart contract platform has the potential to reach $20.098. The impetus for which could come from greater adoption of the protocol. And successful collaborations and alliances. That said, factoring in its average trajectory over its cycles, the price of Fantom could settle at intermediate levels of $17.45.

YearPotential LowPotential High
2023$4.019$5.497
Next 5 Years$14.921$20.098

What Does The Market Say?

Wallet Investor:

According to the technical analysis of the website, Fantom’s price may hit a maximum of around $3.560 by 2022. They are hopeful that the price may hit an average of $3.175 by the end of 2022. As per the analysis, the platform is ideal for long-term investments. And the price may hit a three-digit value of $10.099 by the end of 2025.

Digital Coin Price:

 Digital Coin Price expects a linear price projection for Fantom’s FTM. The firm forecasts the maximum closing target for 2022 at $1.83. Whilst expecting the minimum and average levels to fall at $1.62 and $1.75. According to the prediction of Digital Coin Price. FTM  could close its trade for 2023 and 2025 with maximum prices of $2.09 and $2.79.

Gov.Capital:

The analysts from the firm expect the digital asset to reach an average price of $2.732 by the end of 2022. The analysts expect minimum and maximum closing targets for 2022 to fall at $2.322 and $2.732 respectively. That said, Gov.Capital pins a bullish outlook on the higher time frame. As they foresee the token to reach maximum values of $5.531 and $12.202 by the end of 2023 and 2025.

To read our in-depth price forecast of BitTorrent click here!

What is Fantom (FTM) Token?

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. This enables the token platform to be much faster and cost-efficient than previous technologies. 

Fantom has its own native token FTM, which intends to solve technical glitches related to smart-contract platforms, notably transaction speed. As per the reports, developers claim that they have lowered the speed below two seconds. The altcoin also makes use of a leaderless Proof-of-Stake mechanism to provide a high level of security. Moreover, the protocol is compatible with ERC 20 as well as BEP 2.

Fundamental Analysis

The Fantom protocol was launched by Dr Ahn Byung Ik, a computer scientist from South Korea. The foundation’s initial product offering done in 2018, went live mainstream in December 2019. The present CEO of the network is Micheal Kong. The innovative developers behind the network possess advanced knowledge in the field of full-stack blockchain development.

The team is intended to build a smart contract platform that integrates scalability and security. One of the consensus layers of the platform Lachesis enables Fantom’s Opera mainnet deployment. The modularity of the network is highly flexible as the developer team can deploy their existing Ethereum-based decentralized Fantom. 

Fantom’s Roadmap Since Launch:

The layer-1 protocol’s testnet launched in December 2018. The event has been able to attain throughputs over 20k to 25k per second. In December 2019, Fantom launched the initial version of its Opera mainnet. The network supported enhanced smart contract functionality at launch. Moreover, network in its continued efforts to integrate the network, on April 29th Fantom accomplished a Go-Opera update.

Successively, this upgrade further boosted the network’s speed and security. The leaderless PoS platform received massive investment inflow from HyperChain Capital. A leading digital asset management company in the initial stages of 2018 invested $2.5 million USD. In April 2021, the company further added a $15 million stake in the network.

Fast forward to March 31st 2022, the makers have announced a 335 M FTM incentive program, with Gitcoin grants. The incentive program will be a boon to projects building on the Fantom network.

Our Price Prediction

Fantom is one of the young and promising altcoins. We have brought you some interesting predictions for this coin. The altcoin could continue buzzing its milestones this year. According to Coinpedia’s formulated Fantom price prediction, it may smash $4 by the end of 2022.

On the downside, market fluctuations and uncertain global conditions, even failure of upgrades can be a possible setback for the altcoin. And thereby the Defi token’s price may struggle to consolidate around $2.9 by the end of 2022. That said, the digital asset could get optimistic on the higher time frame. And could claim an average price tag of $17.5 by the next five years.

Historic Market Sentiments

2019:

Fantom made its debut in December 2019 with an initial coin offering of $1.94. In the same month, the price fell to around $0.0386. As the platform was not so active during the initial months of its launch, the price failed to reach new highs. The coin lingered at $0.01289 for at least 4 months till the month of December.

2020:

The FTM price didn’t have any significant gains in the year 2020 as there were no events or fundamental upgrades that took place. Till the end of December 2020, the price hovered around the price level of $0.0184. 

2021:

Fantom initiated its rally with a price of $0.01648. As the founders intended to make it a big hit, they came up with a series of events during March and April. With its listing on the Gemini exchange in April, the price surged beyond $0.8185 by 8th May. Due to the Chinese market crisis, the price plunged back drastically to $0.2524.

On June 30th, ChainLink price feeds went live on Fantom Testnet. The PoS token regained momentum by surging 941% to the $1.7 milestone on September 9th, 2021. The Chinese market turmoil disturbed the price rally again, dumping the asset’s price to $0.9896 in the same month. 

Forming a rising wedge pattern the price surged by more than 300% on October 8th taking the price to $2.38. However, the FTM price failed to sustain these levels. A prolonged bearish cycle of two months pulled down the price by more than 50%. Further, the asset managed to break out at $1.28 experiencing exponential gains of over 100% reaching $2.38.

Click here to read our price prediction of Uniswap!

FAQ

Q: Is FTM a profit-making investment to HODL?

A: Yes, FTM is a profit-making investment, considering the strengths of the network, and the initiatives undertaken by the makers. The digital coin could portray higher yields in the long term.

Q: Will the FTM price smash the $5 mark by the end of 2022?

A: Considering the current projections and stance of the network. FTM price could claim a feasible potential high of $4.001 by the end of 2022.

Q: Where Can I trade FTM?

A: FTM is available for trade across prominent cryptocurrency exchange platforms such as Huobi, Okex, Binance, etc…

Q: Is Fantom a safe network?

A: Yes it is a safe network, as it employs a bespoke model of the Proof-of-Stake algorithm.

Q: What could be the average trading price of FTM by the end of the next five years?

A: The altcoin could possibly trade as high as $20.098 by the end of the next five years.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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