Fantom Price Prediction 2023 – FTM’s Future Outlook

14 Jun 2023 | Cryptocurrency news

In the blockchain world where decentralized applications (dApps) are rapidly gaining traction, the need for robust platforms to support these applications is more critical than ever. In this article, we will delve into the universe of Fantom (FTM) to understand where it may be headed in the near and more distant future. We will also discuss its current state and what is the best way to invest in FTM.

 

What is Fantom (FTM)?

Fantom Foundation was created in 2018 by Dr. Ahn Byung Ik, a South Korean computer scientist. Fantom was developed with the intention to resolve the existing issues of scalability, speed, and security in existing blockchain technologies.

Fantom Foundation's website. Fantom price prediction 2023

At the core of Fantom is the Lachesis Protocol, a unique architecture that combines high transaction speed with robust security. This sets Fantom apart from traditional blockchains. Additionally, Fantom offers advanced smart contract capabilities, empowering developers to build diverse dApps on its secure and scalable network, ranging from DeFi platforms to supply chain management solutions.

What is FTM Token?

The native currency of the Fantom network is the FTM token. This inflationary token serves multiple purposes within the ecosystem, including network fees payment, staking, and governance.

Price History of FTM Token

After its launch, FTM was trading at a price of around $0.02 through a successful ICO that raised $40 million. Fantom’s all-time high was reached during the bull-run of 2021 when it reached the price level of $3.48.

FTM Price chart (all time). Fantom price predicion 2023

FTM Price history. Source: CoinMarketCap

FTM Token Technical Analysis

As of writing this article (14 June, 2023), the FTM token is trading at $0.2614. The token has seen a decrease of 13.27% in the last week and a more significant drop of 28.93% over the past 30 days. Despite these fluctuations, the coin maintains a strong market position, with a market capitalization of around $730 million, placing it at the 50th position in the CoinMarketCap ranking.

The daily trading volume for FTM is impressive, registering approximately $128 million in trades over the past 24 hours. This figure signifies a robust and active trading environment for the token. In terms of supply, about 2.79 billion FTM tokens are currently in circulation out of a total supply of 3.175 billion. This available supply could influence the future price and market behavior of FTM, as could other external factors in the unpredictable landscape of cryptocurrency markets.

 

Fantom Price Predictions: 2023, 2025, 2030

Let’s take a look at the FTM price forecasts from popular price prediction sources.

FTM Price Prediction 2023

DigitalCoinPrice charts a course for 2023 that sees the FTM token landing somewhere between $0.23 and $0.57, with an average prediction of $0.53. On the other hand, PricePrediction.net forecasts a slightly more bullish trajectory, pegging the minimum, average, and maximum price at $0.29, $0.29, and $0.33 respectively.

FTM Price Prediction 2025

Peering further into the crystal ball, DigitalCoinPrice ventures a 2025 prediction of $0.77 at the minimum, scaling up to a zenith of $0.95, and averaging at $0.91. PricePrediction.net is slightly more conservative with a range of $0.60 to $0.72, and an average price of $0.62. Given Fantom’s unique value proposition, and assuming increased adoption in the blockchain space, these numbers might not be as fantastical as they first appear.

FTM Price Prediction 2030

And finally, the long game. The year 2030 is a world away in crypto terms. Yet, DigitalCoinPrice forecasts a minimum of $2.54, an average of $2.68, and a maximum of $2.72. Meanwhile, PricePrediction.net ventures bolder predictions, suggesting a potential low of $3.92, an average of $4.03, and a high of $4.61. It’s a daring forecast, one that hinges on many variables, not least of which is Fantom’s continued evolution and adoption. But if this ride goes as planned, the view from the top will be worth it.

 

Is Fantom a Good Investment?

As with any investment, determining whether FTM is a good investment or not requires careful consideration of various aspects. Fantom presents a number of unique features that set it apart:

  1. The aBFT consensus mechanism, which powers Fantom’s Opera mainnet, ensures quick and efficient transaction processing, addressing common scalability issues.
  2. Lachesis Protocol reduces transaction time and effort while maintaining high security.
  3. “Story Data” enhances transaction transparency, a unique advantage for Fantom.
  4. Its tech has varied applications in decentralized finance, supply chain, and IoT.

These factors make Fantom a competitive player within the DeFi space as well as a potentially interesting investment opportunity. 

Fantom price prediction 2023

However, Fantom is not without its vulnerabilities. As with all the other similar blockchain projects, it needs to prove its sustainability and resilience against established blockchain giants – Ethereum, Solana, Cardano, Polkadot and others. Market volatility, technological hitches, and possible regulatory changes also pose potential risks that must be considered before investing in Fantom.

 

Where to Buy FTM Tokens?

If you would like to invest into FTM, we recommend you check out Guardarian for competitive rates and instant checkout process. On our website you can buy & sell over 400 cryptocurrencies with all major payment methods such as Credit and Debit cards, bank transfers, Revolut pay, and many others.

 

How to Buy Fantom (FTM) Instantly

Follow these simple steps to get your FTM tokens in minutes:

  1. Navigate to www.guardarian.com.
  2. Choose FTM as the desired cryptocurrency and specify the fiat currency you’ll use for payment.
  3. Provide your FTM wallet address.
  4. Complete our secure & intuitive checkout process — no registration necessary!
  5. Check your wallet — the FTM tokens will be there within minutes.”

 

Conclusion

Although Fantom brings forward novel solutions to long-standing blockchain issues, and the FTM token holds promise for fruitful returns, investors must carefully consider the potential risks, including the performance of Fantom’s competitors. Ultimately, the decision to invest in Fantom should be guided by a well-balanced assessment of its prospects and challenges.

For those seeking to purchase Fantom (FTM) with the lowest fees, Guardarian is the perfect solution. Our intuitive and user-friendly platform makes buying FTM tokens fast & easy while ensuring the best rates possible. So come give us a try and we guarantee you will not be disappointed. 😉

The information provided in this article is for informational purposes only and should not be considered as financial advice. It is strongly advised to conduct your own research (DYOR) and seek the guidance of a professional advisor before making any investment decisions.