Damilola Lawrence
Key takeaways
- Fantom price prediction suggests an average market price of $0.51 by the end of 2024.
- Holders can anticipate a maximum price of $1.59 in 2027.
- By 2030, FTM might touch $2.56.
The crypto market has been a nurturing ground for innovative and ambitious projects, which have introduced significant changes to its landscape by providing unique offerings. Among these, Fantom stands out as a protocol with the potential to transform the DeFi sector through smart contracts.
The FTM token enables interoperability among all global transaction platforms. Notably, the platform utilizes the “Direct Acyclic Graph” (DAG) smart contract platform, enhancing the network’s scalability.
The FTM incentive program’s unique advantages have attracted marketers’ attention, sparking curiosity about whether the FTM price might reach the $1 milestone in 2024. If you’re an investor with an interest in FTM, you’re in the right place as we delve into its potential price trajectory for 2024 and beyond.
Overview
| Cryptocurrency | Fantom |
| Token | FTM |
| Price | $0.3934 |
| Market Cap | $1,102,969,956 |
| Trading Volume | $209,791,812 |
| Circulating Supply | 2,803,634,836 |
| All-time High | $3.48 on Oct 27, 2021 |
| All-time Low | $0.001953 on March 12, 2020 |
| 24-h High | $0.4068 |
| 24-h Low | $0.3631 |
Fantom price prediction: Technical analysis
| Volatility | 17.50% |
| 50-Day SMA | $ 0.453305 |
| 14-Day RSI | 48.51 |
| Green Day | 13/30 (43%) |
| Sentiment | Neutral |
| Fear & Greed Index | 27 (Fear) |
| 200-Day SMA | $ 0.628933 |
Fantom price analysis
- Fantom price analysis confirms a downtrend.
- The coin value has dropped to $0.28.
Fantom price analysis 1-day chart
On August 16th, the 1-day chart for Fantom (FTM/USDT) reveals a slight bullish momentum, with the price at $0.3935. The price has bounced back from the lower Bollinger Band ($0.2801), moving closer to the middle band ($0.3691) and potentially targeting the upper band ($0.4581). The RSI stands at 49.66, indicating a neutral trend but leaning towards potential upward momentum. The previous downtrend seems to stabilize as the price inches above the recent support level near $0.2801. However, resistance at $0.4581 could challenge further gains if volume doesn’t support the breakout.
FTM/USD technical analysis 4-hour chart
The 4-hour chart for Fantom (FTM/USDT) shows a bullish trend, with the price currently at $0.3936. The MACD displays a bullish crossover with the MACD line (0.0108) above the signal line (0.0095), indicating upward momentum. The Balance of Power (BOP) indicator at 0.79 suggests buyers are in control. After the recent dip to around $0.2500, the price has recovered, showing a steady uptrend. The resistance at $0.4000 could be tested soon if this momentum continues. The chart signals that bulls are regaining control, but the sustainability of this rally needs confirmation.
Fantom technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.353654 | BUY |
| SMA 5 | $ 0.349408 | BUY |
| SMA 10 | $ 0.337555 | BUY |
| SMA 21 | $ 0.383657 | BUY |
| SMA 50 | $ 0.453305 | SELL |
| SMA 100 | $ 0.589098 | SELL |
| SMA 200 | $ 0.628933 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.347447 | BUY |
| EMA 5 | $ 0.344344 | BUY |
| EMA 10 | $ 0.350268 | BUY |
| EMA 21 | $ 0.381843 | BUY |
| EMA 50 | $ 0.456342 | SELL |
| EMA 100 | $ 0.534348 | SELL |
| EMA 200 | $ 0.557773 | SELL |
What can you expect from the FTM price analysis next?
Based on the 1-day and 4-hour charts for Fantom (FTM/USDT), the price shows signs of recovery, with the current price near $0.3935. On the daily chart, the RSI is nearing a neutral 50 level, and the price is challenging the mid-Bollinger Band, indicating a potential reversal. On the 4-hour chart, the MACD is bullish with momentum building, supported by the Balance of Power indicator showing strength from buyers. If this momentum holds, the price could test resistance near $0.4581. However, failure to break this level may lead to consolidation around $0.3691 before another directional move.
Is Fantom a good investment?
The projection for Fantom’s value looks optimistic. It’s anticipated that the price of FTM could soon embark on an upward trend. We gently suggest you conduct thorough research before investing in any financial instrument.
Can Fantom rise?
It is projected that by the end of this year, the mean price of Fantom could hit average price $0.51. Looking at a five-year forecast, this cryptocurrency is expected to potentially escalate to $2.56. Given the volatile nature of the market, it’s crucial to conduct thorough research before investing in any project, network, or asset
Will Fantom reach $10?
Based on forecasts derived from technical evaluations, it’s projected that FTM could hit double digits in the next ten years. It’s important to note that Fantom’s highest price ever was $3.48, attained in the latter part of October 2021.
Is Fantom a safe network?
Certainly, the network is secure because it utilizes a custom version of the Proof-of-Stake algorithm.
Recent news/opinion on Fantom
Fantom recently launched SONIC Labs across all platforms on its protocol as it moves towards releasing SONIC. According to Fantom, SONIC is the fastest EVM Chain with a secure gateway to Ethereum.
In a statement released on the 1st of July, 2024, Fantom Foundation announced that the 3rd proposal for the upcoming #thesonicchain has passed. In the statement, the foundation said “as we continue to build out the new Sonic network, the Fantom Foundation has allocated up to 200,000,000 $FTM from its treasury to the Sonic Labs Innovator Fund 29 to support dApp growth, various business development initiatives, and worldwide adoption”.
Fantom price prediction August 2024
The Fantom price is likely to remain stable throughout August.
| Period | Potential Low ($) | Average Price ($) | Potential High ($) |
| Fantom price prediction August 2024 | $0.34 | $0.35 | $0.45 |
FTM price prediction 2024
By 2024, Fantom’s average market price is expected to be $0.51, with a potential low of $0.30 and a potential high of $0.74.
| Period | Potential Low ($) | Average Price ($) | Potential High ($) |
| Fantom price prediction 2024 | $0.30 | $0.51 | $0.74 |
Fantom price predictions 2025 – 2030
| Year | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | $0.74 | $0.82 | $0.90 |
| 2026 | $1.02 | $1.20 | $1.25 |
| 2027 | $1.32 | $1.48 | $1.59 |
| 2028 | $1.32 | $1.48 | $1.59 |
| 2029 | $1.64 | $1.76 | $1.86 |
| 2030 | $2.33 | $2.49 | $2.56 |
Fantom price prediction 2025
Fantom network is expected to continue its upward trend in 2025, potentially reaching an all-time high of $0.90. However, there could be fluctuations, and the FTM coin price might dip to $0.74, with an average price of around $0.82.
Fantom price prediction 2026
As for 2026 Fantom prediction,FTM market price is expected to peak at $1.25. However, it might fall to $1.02, with an average of $1.20.
Fantom price prediction 2027
The forecast speculated that Fantom’s price might hit a new all-time high of $1.59 by 2027. On the lower end, corrections may pull the price to $1.32, with an expected average trading price of around $1.48.
Fantom price prediction 2028
In 2028, Fantom’s market price might stabilize at $1.59 while maintaining the same average trading price of around $1.48, the same as in 2027.
Fantom price prediction 2029
Fantom is expected to reach an all-time high of $1.86 by 2029. However, it could fall to $1.64, with an average price of $1.76.
Fantom price prediction 2030
At the end of this decade, 2030, Fantom is projected to hit a high of $2.56. In the event of a price correction, it could drop to $2.33, with an average of $2.49.
Fantom market price prediction: Analysts’ FTM price forecast
| Firm Name | 2024 | 2025 |
| Wallet Investor | $0.166 | $1.048 |
| priceprediction.net | $0.4615 | $0.7138 |
Cryptopolitan’s Fantom (FTM) price prediction
At Cryptopolitan, we predict Fantom (FTM) to reach $0.76 by the end of 2024, averaging $0.73. By 2026, FTM could hit $1.25 due to increasing adoption, strong developer support, and favourable market conditions. Factors include high-speed, low-cost transactions, positive investor sentiment, and regulatory developments could predict the future price movements of FTM. Market volatility remains a risk.
Fantom (FTM) historic price sentiment
- Fantom (FTM) launched its mainnet in December, with initial trading prices mostly below $0.02 in 2019.
- FTM experienced gradual growth, staying under $0.05 for most of 2020 but reaching around $0.017 to $0.02 by December due to growing DeFi interest.
- Prices surged from $0.02 in January 2021 to $3.48 by October, driven by DeFi adoption and positive market sentiment. The year ended with a correction to around $2.30.
- In 2022, FTM faced significant fluctuations due to macroeconomic factors, with prices dipping below $0.50 mid-year. Despite recovery attempts, bearish trends dominated.
- Early volatility in 2023 saw prices around $0.40, recovering to $0.55 mid-year before settling between $0.45 and $0.50 by year-end.
- In early 2024, FTM surged from around $0.31 in January to above $1.00 by March, driven by strong bullish momentum and increased trading volumes. After peaking in March, the price corrected, dropping to lower highs and lows by April.
- Following the correction, FTM found support around $0.60 in May and entered a consolidation phase between $0.50 and $0.80 in June. Despite volatility and tests of the $0.50 support, it held firm. Currently, FTM trades around $0.58.
