Fantom (FTM) Price Prediction 2024-2030: Will FTM Price Hit $5 Soon? (2024)

• Fantom token could hit $1.00 in 2024, influenced by market trends and the impact of BTC halving.
• Anticipation for the 2028 BTC halving might push FTM to $3.50 by 2027, with early sell-offs possible.
• FTM may reach $15.00 by 2040, but regulatory or technological challenges could lower it to $9.50.

Fantom (FTM) has captured the crypto community’s attention with its advanced approach to decentralized finance. Known for its unique “Direct Acyclic Graph” (DAG) smart contract platform, Fantom offers unmatched scalability and has become a DeFi game-changer.

The vision behind FTM is ambitious—seamlessly integrating transaction platforms globally, a move that has sparked interest among innovators and marketers alike. As Fantom’s FTM token continues to gain traction, many are left wondering: could 2024 be the year FTM finally reaches the hypothetical $1 mark?

This Coin Edition’s FTM price prediction article delves into the key factors that might drive FTM to this milestone. But with so many variables in play, will FTM’s rise be as certain as some predict? Read on to uncover the possibilities.

Fantom (FTM) Real-Time Market Status

HTTP Request Failed... Error: file_get_contents(https://api.tokenncoin.com/coins/info?name=fantom): Failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found

What is Fantom (FTM)?

Fantom (FTM) is a cutting-edge, decentralized platform designed for building crypto-decentralized applications (DApps) with high scalability and speed. Unlike traditional blockchains that rely on blocks, Fantom uses a unique data structure called Directed Acyclic Graph (DAG).

This design allows transactions to be represented as vertices stacked on top of one another, resembling a graph rather than a chain, which leads to faster and more efficient processing. Founded in 2018 by Dr. Ahn Byung Ik, the Fantom Foundation set out to address the limitations of older blockchain platforms like Bitcoin and Ethereum, specifically targeting slow transaction times.

The platform’s native token, FTM, powers governance and network security and compensates validators. Fantom aims to solve the “blockchain trilemma”—the tradeoffs between decentralization, security, and scalability—by leveraging its unique proof-of-stake consensus mechanism, Lachesis.

With FTM, users can stake, vote on important decisions, make payments, and cover transaction fees, making it a key player in the decentralized finance (DeFi) ecosystem.

FTM Current Market Status

Over the past 30 days, Fantom (FTM) has experienced a notable bearish trend, shedding more than 24% of its value. The month began with an opening price of $0.5269, only to see FTM dip to a low of $0.2646 before finding stability above the $0.35 support level.

However, the broader picture on the daily and weekly charts tells a different story. Despite the monthly downturn, recent trading sessions have shown a bullish resurgence. As of this publication, Fantom traded at $0.3976, reflecting a 9.12% gain in the last 24 hours and a 17.66% increase over the past week.

This newfound optimism is mirrored in FTM’s market capitalization, which has climbed to $1.114 billion, securing its position as the 59th largest cryptocurrency by market cap. The 24-hour trading volume has also surged by 81.89%, reaching $209,943,225, signalling renewed investor interest.

Fantom (FTM) Price Analysis

With 2,803,634,836 FTM tokens in circulation from a total supply of 3,175,000,000, Fantom has caught the attention of investors, riding a wave of growing interest. The recent surge in price and trading volume hints at the potential for even more significant gains ahead.

In light of this momentum, Coin Edition delves into an in-depth analysis of FTM’s price movements and market dynamics, offering valuable insights for those considering seizing this opportunity.

Fantom (FTM) Price Analysis – Bollinger Bands

FTM shows signs of a bullish reversal, sparked by a recent bounce from oversold levels near the lower boundary of the weekly Bollinger Bands. This recovery suggests a potential shift in momentum. Moreover, as the Bollinger Bands start to widen, the increased price volatility becomes apparent.

The FTM token is now eyeing the middle band at $0.6183, which serves as its next hurdle. A successful break above this level could pave the way for further gains, possibly driving the token towards the upper boundary at $0.9496.

Fantom (FTM) Price Analysis – Relative Strength Index

As reflected by the RSI index, the FTM token has experienced solid bearish momentum in the long term. However, the RSI has recently shifted, now trending upward and hinting at a possible trend reversal. This shift could signal a change in investor sentiment from bearish to bullish, potentially driving FTM prices higher.

The RSI, currently at 41.60, remains well below the overbought level of 70, suggesting there’s still room for growth before reaching these conditions. This upward movement might push FTM towards the $0.55 resistance level, a price last touched on July 1.

Fantom (FTM) Price Analysis – Moving Average Convergence Divergence

The MACD index indicates that the FTM market remains under long-term bearish control. However, there’s a noticeable decline in momentum, hinting at a potential weakening of this downward trend.

This is evident as the MACD line shows a subtle upward shift while the histogram’s red bars gradually recede toward the zero line. If this shift gains traction, FTM might be poised to challenge its immediate resistance near the $0.55 mark.

Fantom (FTM) Price Prediction 2024 – 2030

Fantom (FTM) Price Prediction 2024

Technically, the Directional Movement Index (DMI) reveals a moderate trend with an ADX reading of 24.9175. The +DI, standing at 17.2137, measures the strength of upward momentum, while the -DI 27.583 signals stronger downward pressure.

With the -DI surpassing the +DI, the market trend leans bearish, indicating sellers have more influence. Despite this, the ADX being below 25 suggests that the trend lacks significant strength, implying a cautious market environment.

If current trends continue, FTM could climb to the $0.2616 mark. Yet, a shift in market dynamics might propel the asset toward the 50% Fibonacci retracement at $0.7301, with the potential to test the $1.00 threshold by year’s end

Fantom (FTM) Price Prediction 2025

According to our price prediction for 2025, FTM could surge to $1.785 as market confidence returns post-BTC halving. Conversely, it might dip to $0.50 due to market corrections following the initial excitement following the halving.

Fantom (FTM) Price Prediction 2026

FTM may hit a high of $2.270 as investors recalibrate expectations post-2024 halving. It could also fall to $0.83 amid broader market corrections and reduced enthusiasm from the prior year’s bull run.

Fantom (FTM) Price Prediction 2027

With anticipation building for the 2028 BTC halving, FTM might peak at 3.50. On the downside, it could slide to $1.60 as early sell-offs occur ahead of the expected market rebound.

Fantom (FTM) Price Prediction 2028

Con Edition projects that the 2028 BTC halving could push FMT to $4.50 as optimism spikes. However, initial profit-taking and market volatility might also cause it to see a low of $2.38.

Fantom (FTM) Price Prediction 2029

Strong community support could propel FMT to a high of $3.90, reflecting robust market optimism. However, the token may drop to $1.7880 if broader market sentiment falters or the post-halving effects prove less significant than anticipated.

Fantom (FTM) Price Prediction 2030

FMT could reach $5.50 as it strengthens its market presence and continues gaining user traction. On the downside, it may decline to $3..450 if competitive platforms emerge or if unfavorable market conditions arise.

Fantom (FTM) Price Prediction 2040

2040 FMT might soar to $15.00, driven by long-term growth and widespread adoption within the crypto ecosystem. However, it could decline to $9.50 if regulatory hurdles or technological advancements in competing platforms disrupt its progress.

FAQs