Fantom Historical Price Data
The objective of this guide is to compile and study Fantom (FTM) price predictions for the upcoming years. But before we discuss the future of Fantom, let’s look at its history.
FTM was released at the end of 2018 and started trading for around $0.02. The launch was an initial coin offering (ICO). ICO helps a company to raise money to create a new coin, app, or service. In the case of Fantom, ICO helped the project raise $40 million. Since December 2019, the FTM token’s price has risen more than 19,500%, reaching its all-time maximum of nearly $3.5 in the winter of 2022. Still, like any crypto, its prices are highly volatile.
- FTM token has been dumping since attaining a high of nearly $3.5 in early January 2022.
- Since then, it has reached a low of $1.07 in mid-March 2022.
- And from the beginning of the summer, it has lost about half its price and hovered around $0.40 since then.
- In the last months of 2022, the price of FTM dropped further to $0.18. This is mainly due to the general bear market situation.
Here is the chart of FTM’s yearly price performance as of the end-2022:
The FTM token’s LIVE data for mid-November 2022 looks like this:
Fantom’s Price Prediction Methodology
In our “What Is Fantom And How It Works?“ article, we have done a thorough analysis of what precisely makes FTM such an attractive asset. And we think that Fantom is one of the fastest and most scalable decentralized applications (dApps) platforms. This is why, despite a decline from its peak value, it has become the preferred token for many cryptocurrency investors.
Okay, but what the future holds for Fantom?
To answer this question in a more reasoned way, we suggest reading the following three observations։
- FTM’s technical analysis
- Expert opinions
- Factors affecting FTM price
FTM’s Technical Analysis
TradingView can be a valuable technical analysis tool for analysts or potential investors. Many traders use a selection of complementary indicators to make better decisions. TradingView simplifies this task by combining the most popular indicators and their signals.
Please, check the FTM’s technical analysis from TradingView, updated in real-time.
NOTE: Anyone buying or selling a financial instrument should not do so based only on technical analysis suggestions.
In reality, various other factors can significantly affect the price of a given cryptocurrency. Unfortunately, the technical analysis mostly cannot take all these factors into account.
Expert Opinions On Fantom (FTM) Price Predictions
To understand any market well, it is crucial to take the time and do your own research. This is the most effective and correct way to go, especially in the crypto market. But at the same time, one shouldn’t ignore the so-called Expert Opinion. Like technical analysis, expert opinion on crypto price predictions can’t consider many subjective factors, although not taking them into account is also wrong.
Below we present Fantom (FTM) price predictions from several authorities on the web.
Trading Beasts predict that the token’s price might decline until March 2023. However, after that, the price will start rising, and the token can be worth $0.414 at the end of 2023, $0.55 at the end of 2024, and $0.64 at the end of 2025.
Wallet Investor expects FTM’s price to rise significantly in the coming years. According to them, the price might be $2.10 at the end of 2023, and $3.80 at the end of 2025. After five years, in July 2027, the token price is forecasted to reach $4.40.
DigitalCoinPrice also predicts a rise in FTM’s price. They believe the price might reach $0.36 by the end of 2022, $0.38 by the end of 2023, $0.55 by the end of 2025, and $1.19 by the end of 2030.
Gov Capital is very optimistic about Fantom (FTM) price predictions. According to their models, the token can be worth $1.66 in 2023 and $12.08 in five years.
Price Prediction also expects a noticeable increase in the Fantom coin’s price. According to their forecast, the average trading price of FTM might be $0.55 in 2023, $1.16 in 2025, and $8.14 in 2030.
CryptoPredictions believe that the token’s price will remain largely unchanged through the remainder of 2022 and the first half of 2023. At the end of 2022, the price will reach $0.39. After that, it will go down till March 2024. Then, according to them, we’ll see slow price growth, reaching $0.48 at the end of 2025 and $0.56 at the end of 2026.
The Factors Affecting FTM’s Price
Fantom has been on the market for a while and is known as an “Ethereum killer” because it lets developers build decentralized applications like those in the decentralized finance (DeFi) industry.
The fundamental reason for Fantom’s recent success, which of course already affects and will continue to affect the price, is the release of a cross-chain bridge between Ethereum and Fantom.
The Cross-Chain Bridge Release
In 2021, Fantom announced that it was building a cross-chain bridge with Ethereum that lets users transfer ERC-20 tokens to Fantom to “enjoy fast and cheap transactions.” A cross-chain bridge is a protocol that enables a user to port digital assets from one blockchain to another.
The team said that transactions on Fantom “are confirmed in 1–2 seconds” and “cost a fraction of a cent.”
One day after the tweet, the FTM price increased from $0.154 to $0.218.
And now, look what happened when the bridge was launched on March 1, 2021:
FTM price gets almost doubled from $0.38 to $0.62 within a day of the launch.
All this indicates that the market has expectations from Fantom’s multi-platform integrations. Indeed, the further developments of the project in this direction will greatly affect the positive dynamics of FTM price.
The next highly motivating factor behind the price rise of FTM is the implementation and further development of liquid staking.
What is Liquid Staking?
Liquid staking is the ability to stake tokens on the network and simultaneously access the token’s value for use in DeFi.
Providing tokenholders with an extra way to earn a yield has proved to be an attractive incentive. For example, after FTM came to SushiSwap, its price exploded from $0.05 to $0.26 over the next three days.
We have discussed this topic in detail within a separate article dedicated entirely to FTM staking.
Each of these developments supports the breakout in FTM price. Still, of course, many unpredictable factors can affect the entire crypto market, remarkably the FTM price both in positive and negative ways.
Fantom Price Prediction 2023
If the various initiatives already started by Fantom (which we discussed above), continue to develop. Therefore, in the absence of serious crises, we think that the price might go up to $1,2, which is the most it can go in 2023.
Fantom has a lot of impressive qualities and a lot of potentials. If they work hard on these things and perhaps form more collaborations and alliances, the FTM price could quadruple next year.
What Will Fantom Be Worth In 2025?
Analysis of the asset’s historical imprints is essential when making long-term Fantom (FTM) price predictions and how it acts when market bears take over. From a historical perspective, Fantom remains somewhat volatile throughout market shifts. Thus, we think, in the worst-case scenario, the price of FTM may remain or fall to the level of $1 by the end of 2025. But no more than this.
In the best-case scenario, we assume that Fantom’s super-fast platform has the potential to grow so much that the FTM price might reach $3,2 by the end of 2025.
Fantom Price Prediction For 2030
Miracles may occur in the realm of blockchain and cryptocurrencies. There may also be a sharp price increase soon. Although ten years is a long period to predict, historical price data and our research indicate that the price of Fantom may increase to an average of $8.11, a low of $7.60, and a high of $10.55.
Can FTM Reach $100?
Historical price records, price trends, current prices, and forecasts expect a bright future for Fantom (FTM). On the other hand, Fantom still has a long way to go before it can get the maximum of $100. The team behind this coin is working hard to bring as much new technology as possible. Such activities will attract more people in the future, which may cause the price to go up a lot. But based on what we know now, a price of $100 might be possible for a maximum of 10-20 years.
Final Thoughts: Is Fantom A Good Investment?
Considering the tremendous technological contributions and innovations that Fantom has achieved in a very short time, the answer is mostly YES. But despite this, regardless of its virtues, Fantom remains relatively unknown in the blockchain market and gets limited media attention compared to established industry players. One of the most serious dangers to the project is the vast number of rivals competing for the same market segment. Furthermore, due to the relatively limited number of validators, several experts have raised worries regarding the degree of decentralization of the Fantom network.
So, after weighing all the pros and cons, the final decision is up to you. We advise you to take your time and decide only after good research and comparison.