Fantom Price Prediction 2021 - Will FTM Hit $11 Soon?

  • Bullish FTM price prediction is $3.11 to $5.11.
  • The FTM price will also reach $10 soon.
  • FTM bearish market price prediction for 2022 is $1.23.

In FTM price prediction 2022, we use statistics, price patterns, ADX, and much other information about FTM to analyze the future movement of the cryptocurrency

Fantom is a high-performance, scalable, secure, and directed acyclic graph (DAG) smart contract platform that was created to address the shortcomings of previous-generation blockchain platforms.

Fantom also provides remarkably high levels of security by securing the network with a leaderless Proof-of-Stake protocol. Unlike many other existing projects, Fantom prioritizes security and decentralization over scalability.

Moreover, Fantom is one of the cryptocurrencies whose ecosystem continues to develop. It is considered one of the busiest platforms this year. Moreover, FTM is one of the altcoins that investors watch in the crypto space.

Now that we’ve seen the developments of Fantom, will it be a profitable cryptocurrency in 2022? Let’s find out in this Fantom Price Prediction and Price Analysis 2022.

FTM Current Market Status

According to CoinGecko, the price of FTM is $1.25 with a 24-hour trading volume of  $949,542,279 at the time of writing. However, FTM has increased 7.2% in the last 24 hours.

Moreover, FTM has a circulating supply of 2,541,152,731 FTM. Currently, FTM trades in cryptocurrency exchanges such as  Binance, OKX, Bitget, Bybit, and FTX.

What is Fantom (FTM)?

Fantom, which is a DAG-based smart contract project, focuses on solving the issues of the scalability of the existing public distributed ledger technologies. More so, the platform differentiates itself from the traditional block ledger-related storage infrastructure through attempts to employ an advanced version of current DAG-related protocols

More so, the Fantom platform enhances a new protocol which is called the Lachesis Protocol, in order to maintain the consensus. In addition, the protocol is intended to collaborate into the Fantom OPERA Chain. The aim is to enable applications that are built on top of the Fantom OPERA Chain to celebrate quick transactions. 

Furthermore, the main goal of FANTOM is to offer compatibility between all transaction bodies across the world and develop an ecosystem that enables real-time transactions and data sharing at low cost. 

History of Fantom (FTM)

Through historical analysis of Fantom, it is found that the FTM token has witnessed many ups and downs. However, the token now seems to set up its race to make a world record. 

In December 2019, Ethereum showed a tremendous performance breaking the past $500 and moving to $900 starting January of 2020. Afterwhich, Fantom began to slowly make a steady performance. Even though FTM has seen a fall in February 2021 to a low price of $0.4 after it marked a new high around $0.65. 

Moreover, the pandemic looks to set a big stage for Fantom with its great past performance. Even more, the FTM has grown to a large extent overtaking the performance of other cryptos in the market. 

After decreasing below $2.1212 in the past month, FTM price has recently made a recovery and marks new ATH at $3.48.

Before we dive into the Fantom price prediction 2022, let us have a look at some of the technical aspects of FTM.

Technical Aspects of Fantom (FTM)

Algorithms on blockchain will act as the center stage of the Fantom cryptocurrency. Moreover, the entire phenomenon and fundamental aim of the crypto asset is programmability. More so, the blockchain ecosystem could be helpful for the ecosystem of Fantom. 

This enables users to benefit from the crypto Fantom and utilize all the marketplace transactions like financial services, apps, games, etc which could be built on the platform. All-in-all, Fantom enhances the developers to formulate and work automatically on smart contracts implementing works under particular terms. 

Do you think Fantom will reach new heights soon? Let us look into the Fantom (FTM) price prediction 2022. Before that let us look into a few factors which influence Fantom price. 

Fantom (FTM) Price Prediction 2022

Fantom holds the 43rd position on CoinGecko right now. FTM price prediction 2022 is explained below with a weekly time frame.

FTM/USDT Horizontal Channel Trend (Source: Tradingview)

A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. this is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels form in periods of price consolidation. Buying and selling forces are similar in a horizontal channel until a breakout or breakdown occurs.

Currently, FTM is in the range of $1.25. If the pattern continues, the price of FTM may reach the resistance levels of $1.8443 & $3.4744. If the trend reverses, then the price of FTM might fall to the support level at $0.9669.

Fantom (FTM) Support and Resistance Level

The below chart shows the support and resistance level of FTM.

FTM/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of FTM.

  • Resistance Level 1 – $1.2713
  • Resistance Level 2 – $3.1735
  • Resistance Level 3 – $5.0812
  • Support Level 1 – $0.7705
  • Support Level 2 – $0.3963

The charts show that FTM has performed a bullish trend over the past month. If this trend continues, FTM might run along with the bulls overtaking its resistance level at $5.0812.

Accordingly, if the investors turn against the crypto, the price of the FTM might plummet to almost $0.3963, a bearish signal.

Fantom Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of FTM is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of FTM lies above the cutoff line, indicating stronger participants in the current trend.

FTM/USDT RVOL, MA, RSI (Source: TradingView)

More so, the FTM’s Moving Average (MA) is shown in the chart above. Currently, FTM is in a bearish state. Notably, the FTM price lies above 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of FTM at any time.

Meanwhile, the relative strength index (RSI) of the FTM is at level 32.96. This means that FTM is in a nearly oversold state. However, this means a major price reversal of FTM may occur in the upcoming days. So, traders need to trade carefully. 

Fantom Price Prediction 2022 — ADX, RVI

Let us now look at Fantom’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

FTM/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Fantom. Currently, FTM lies in the range of 28.5798, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of FTM. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of FTM lies above the 50 levels, indicating that the direction of volatility is high. In fact, FTM’s RVI is at a 22.92 level thus confirming a potential high signal.

Comparison of FTM with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Fantom.

BTC Vs ETH Vs FTM Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH and BTC is moving at the same level as the trend. But FTM moves in the downward direction. This shows taht if BTC and ETH increases FTM decreases, BTC and ETH decreases FTM increases.

FTM Price Prediction for 2023, 2024, 2025 and 2026

With the future developments and upgrades the price of FTM will reach great heights in the upcoming years. 

Fantom (FTM) Price Prediction 2023 is up to $15

Looking into the future growth of Fantom, the crypto is considered to have a positive impact. The bullish price of Fantom in 2023 is $15. 

Fantom (FTM) Price Prediction 2024 is up to $25 

As the upcoming years of Fantom are preceded by the different technological upgrades and events, there will be a bullish trend driving FTM to continue throughout the year. Thus, there is a high chance of FTM to reach $25 in 2024. 

Fantom (FTM) Price Prediction 2025 is up to $40

As per Fantom price prediction, the prices can hit the $40 mark in the long-term, but it will take time. Currently, FTM holds the potential for a significant bullish run in the next few years which depend on technological advancements of the ecosystem of Fantom as well as technical outlook.

Fantom (FTM) Price Prediction 2026 is up to $55

The Fantom FTM price prediction ecosystem is considered to be one of the popular ecosystems in the crypto space with many projects having been developed on it. With the advancements we can see the price of FTM will hit $45 and mark an all time high of $55 in 2026. 

Conclusion

With continuous improvements in the Fantom network, we can say that 2022 is a good year for FTM. For this reason, the bullish price prediction of Fantom in 2022 is $5.0812. On the other hand,  the bearish FTM price prediction for 2022 is $0.3963.

Furthermore, with the advancements and upgrades on the FTM ecosystem, the performance of FTM would help to reach above its current all-time high (ATH) $3.46 very soon. But, it might also reach $10 if the investors believe that FTM is a good investment in 2022.

FAQ

1. What is the Fantom?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. 

2. Where can you purchase FTM?

FTM has listed on many crypto exchanges which include  Binance, OKX, Bitget, Bybit, and FTX. 

3. Will FTM reach a new ATH soon?

With the ongoing developments and upgrades within the FTM platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Fantom?

On October 28, 2021, FTM reached its new all-time high (ATH) of $3.46.

5. Is FTM a good investment in 2022?

Fantom (FTM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of FTM in the past few months, FTM is considered a good investment in 2022.

6. Can Fantom (FTM) reach $10?

Fantom (FTM) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Fantom (FTM) will hit $10 soon.

7. What will be the FTM price by 2023?

Fantom (FTM) price is expected to reach $15 by 2023.

8. What will be the FTM price by 2024?

Fantom (FTM) price is expected to reach $25 by 2024.

9. What will be the FTM price by 2025?

Fantom (FTM) price is expected to reach $40 by 2025.

10. What will be the FTM price by 2026?

Fantom (FTM) price is expected to reach $55 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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