Fantom (FTM) Price Prediction 2023-2030: Will FTM Reach $1 Soon?

• Bullish FTM price prediction ranges from $0.60 to $0.61.
• FTM price might also reach $0.8 this 2023.
• FTM’s bearish market price prediction for 2023 is $0.2.

Users and developers are seeking more smart contract platforms as the demand for blockchain continues to rise. Fantom is one such smart contract platform that promises “high-performance, scalable, customizable, and secure” features for everyone. 

One of the unique attributes of Fantom is that it is designed to address several limitations of existing blockchain platforms. Furthermore, Fantom boasts that would become “the next generation” of blockchain platforms. FTM is a native token of Fantom and empowers the network through its various features.

As users’ and developers’ demand for smart contracts continues to grow, the community would be curious about the smart contract platforms’ native tokens prices such as FTM. If you are interested to learn about FTM’s price analysis and forecast for the years 2023, 2024, 2025, 2026, 2027, until 2050, read this Coin Edition price prediction article.

Fantom (FTM) Market Overview

What is Fantom (FTM)?

Fantom describes itself as a “high-performance, scalable, customizable, and secure” smart-contract platform. Fantom claims that it is designed to become a next-generation blockchain platform, assuring to eliminate the existing limitations observed in the current blockchain networks. Similar to many blockchain platforms, Fantom is permissionless, decentralized, and open-source. 

Moreover, Fantom developed an aBFT consensus algorithm called “Lachesis,” which includes features such as being asynchronous, leaderless, Byzantine Fault-Tolerant, and more. Fantom assures that multiple blockchains can be plugged into Lachesis, allowing easy communication among the networks. 

Apart from the communication features, Lachesis is fully compatible with the Ethereum Virtual Machine (EVM) and it can be integrated with the Cosmos SDK, making Fantom modular. FTM is the native token of Fantom and helps in empowering the platform. Moreover, there are three versions of the FTM token: the Mainnet token, the ERC-20 token, and the BEP-2 token.

FTM can be used for network fees, securing the network through staking, and allows on-chain governance. Meanwhile, the ERC-20 token and BEP-2 token can be used on Ethereum to handle transactions on the Binance DEX. 

Furthermore, Fantom highlighted that the network is built for everyone including, crypto users and experienced developers. The platform also mentioned that it can be used to interact and build DeFi, NFT, and GameFi decentralized applications. 

Currently, Fantom reported that 850K transactions are being conducted every day. Meanwhile, there are currently more than 250 dApps and 3.2 million addresses. Fantom also observed that there are approximately 230K active monthly users.

Fantom (FTM) Current Market Status

At the time of writing, FTM is now trading at $0.2615 with a total market capitalization of $730,584,995. FTM sits in 50 place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price change of 3.43% surge in the past 24 hours. FTM’s 24-hour trading volume is $128,211,314, with a rise of 66.64%. 

FTM can be traded on major cryptocurrency exchanges such as Binance, KuCoin, Kraken, OKX, Gemini, and Gate.io.

Fantom (FTM) Price Analysis 2023

Will FTM’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect FTM’s sentiment over time? Read more to find out about FTM’s 2023 price analysis.

Fantom (FTM) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Looking at the charts, FTM experienced two major high-volatility events which saw the bands expand and the price witnessed a trend reversal. During the high volatility, the candlesticks have either touched the oversold or overbought region. The recent candlesticks are trading in the bottom half of the Bollinger Band, as FTM is facing a downtrend. Moreover, the Bollinger Band Width is currently pointed upwards which could be considered as the high volatility signal. Since the recent candlesticks also touched the oversold region, there is a high chance that FTM could move upwards.

Fantom (FTM) Price Analysis – Relative Strength Index(RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI is currently valued at 34.17, which is considered a weak trend by most traders. Moreover, the RSI shows that FTM fell into the oversold region and is currently experiencing price correction with the formation of new green candlesticks. The RSI also recently crossed above the SMA, indicating that FTM could experience a bullish run. However, it will take some time before the RSI reaches the Strong trend. If the RSI reaches a strong trend, then, FTM could recover from its gradual fall.

 Fantom (FTM) Price Analysis – Moving Average

In 2023, FTM has already formed a golden cross and a death cross. The golden cross formed when the 50MA crossed above the 200MA, enabling FTM to experience an uptrend. However, the candlesticks dropped in between the 50MA and the 200MA, which is a consolidation area. The gap between the 200MA and the 50MA reduced drastically, thus, forming a death cross finally. Currently, the candlesticks are trading below the MA indicators, which could be a sign of a bearish signal. However, there is a chance that FTM could experience a bullish trend as green candles have recently formed.

Fantom (FTM) Price Analysis – Moving Average Convergence Divergence

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

The MACD line is currently below the signal line, indicating that FTM is witnessing a bearish trend. However, the gap between the MACD line and the signal line is reducing, indicating that a bullish crossover may take place. The recently formed green candlesticks also act as signals for FTM’s bullish trend. If FTM needs to recover from the fall, it needs to experience a continuous bullish trend for a long time.

Fantom (FTM) Price Prediction 2023 – 2030 Overview

Fantom (FTM) Price Prediction 2023

Currently, FTM is trading in between the $0.3 and $0.2 level after facing a fall from its falling wedge pattern. During the formation of the falling wedge pattern, the 200MA was acting as the Support, however, the area between the $0.4 and the 200MA is the new weak resistance level from FTM. Similar to many falling wedge patterns, FTM may have started its entry point as new green candlesticks start to form. The ADX also confirms that the current new trend is strong as it is valued at 33.75 and is still pointed upwards. However, the ideal target for a bullish period would be at the $0.6 level. 

Meanwhile, the price prediction of FTM for 2023 remains to be bullish and is expected to reach beyond the level of $0.6. The bearish price prediction range for FTM is between $0.1858 to $0.2032. However, if FTM experiences extreme bullish sentiment, then it would reach the $0.8 level.

Fantom (FTM) Price Prediction 2023 – Resistance and Support Levels

The candlesticks recently bounced away from the Support level after facing a downfall. If FTM experiences a bullish period, it has the potential to reach its extreme bullish area at the $0.8 level. FTM has the potential to reach resistance level 2 at the $1 level if it continues to experience a bullish period. When FTM passes through each Resistance, each level could become a new Support level.

Fantom (FTM) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. FTM could also be affected by Bitcoin halving and could trade beyond the price of $1 by the end of 2024.

Fantom (FTM) Price Prediction 2025

FTM could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, FTM will continue to rise in 2025 forming new resistance levels. It is expected that FTM would trade beyond the $1.3 level.

Fantom (FTM) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, FTM could tumble into its support region of $1.1. Moreover, when FTM remains in the oversold region, there could be a price correction soon. FTM, by the end of 2026, could be trading beyond the $1.4 resistance level after experiencing the price correction.

Fantom (FTM) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. FTM is expected to rise after its slumber in the bear season. Moreover, FTM could even break more resistance levels as it continues to recover from the bearish run. Therefore, FTM is expected to trade at $1.7 by the end of 2027.

Fantom (FTM) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, FTM will continue to form new higher highs and is expected to move in an upward trajectory. Hence, FTM would be trading at $2 after experiencing a massive surge by the end of 2028.

Fantom (FTM) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, FTM could be trading at $2.3 by the end of 2029.

Fantom (FTM) Price Prediction 2030

After witnessing a bullish run in the market, FTM and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, FTM could be trading at $2.6.

Fantom (FTM) Price Prediction 2040

The long-term forecast for FTM indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, FTM may face a slight fall before starting its upward journey once again. It is expected that the price of FTM could reach $5 by 2040.

Fantom (FTM) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, FTM could surpass the resistance level of $10.

Conclusion

To summarize, if investors continue to show interest in FTM and add these tokens to their portfolio, then, it could continue to rise up. FTM’s bullish price prediction shows that it could pass beyond the $0.6 level in 2023. Moreover, FTM could surpass the $10 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.