Fantom (FTM) Price Prediction 2024-2030: Will FTM Price Hit $2 Soon?

• The bullish FTM price prediction ranges from $0.98 to $1.04.
• Analysis suggests that FTM price might also reach $1.64 in 2024.
• FTM’s bearish market price prediction for 2024 is $0.182.

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 2024, 2025, 2026, 2027, 2028, and 2050, read this Coin Edition price prediction article.

Fantom (FTM) Market Overview

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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 $0.664 with a total market capitalization of $1,861,547,214. FTM sits in 57th place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price change of 28.89% in the past 24 hours. FTM’s 24-hour trading volume is $716,589,664, with a rise of 307.70%.

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

Fantom (FTM) Price Analysis 2024

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 2024 price analysis.

Fantom (FTM) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard 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.

FTM/USDT 1-Day Chart Showing Bollinger Band (Source: TradingView )

Observing the FTM 1-day chart, the candlesticks reached a new peak in 2023 by breaking above the upper band; however, the candlesticks faced a retracement. During the retracement procedure, the candlesticks continued to drop for a long time, causing FTM to reach the critical support level. Before a breakout, the candlesticks were trading sideways within the narrow area of the bands.  

Finally, after showing signs of buyer’s interest, FTM’s price broke through the trading roof as it continued to show rising accumulation activity. This significant price surge was met with a correction, which continued till 2024. The candlestick began to bounce back after it touched the lower band. Currently, the candlesticks have formed long positive candlesticks which stretched the Bollinger Bands, making the market very volatile.

FTM/USD 1-day Chart (Source: TradingView ) 

With the BBW at 100%, there may be a chance that the bands could contract, forcing the candlesticks to reduce its height. Subsequently, FTM’s value may reduce in the future; however, if the buyers rally to the altcoin’s side, then, the fall may not be drastic.

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.

FTM/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView )

It seems that FTM was able to attract a lot of investors during the bull run phase of the overall altcoin market. As such, FTM was able to increase in value after being affected by the buyer’s accumulation phase. However, in certain instances, the prices would cross to the overbought region, which would be later met with a correction. 

Currently, the RSI has crossed above the 70 level, clearly highlighting the overbuying activity of buyers. However, the indicator is pointed downwards, indicating that the buying activity may reduce. If the sellers overpower the buyers, the fall could be drastic, making FTM drop in value.

Fantom (FTM) Price Analysis – Moving Average Convergence Divergence (MACD)

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.

FTM/USD 1-Day Chart Showing MACD (Source: TradingView ) 

Looking at the above chart, the green bars on the histogram continue to grow indicating that the current FTM market is going through a bull run in the short term. Moreover, after a bullish cross, the MACD line continues to move upwards, after maintaining a distance with the signal line. Although the candlestick is above the 200MA, there may be a chance that the indicator could be the support line, in case of a fall.

Fantom (FTM) Price Prediction 2024

FTM/USD 1-Day Chart  (Source: TradingView )   

Looking at the above chart, FTM has been showing high buyers’ interest in the market, which caused the candlesticks to make spikes over the short period. Ideally, investors would be expecting a fall back to the 0.382 Fib level. Additionally, based on the previous price action, the candlesticks could drop to the 0.786 Fib level.

If the buyers fail to provide support, FTM could fall to the critical support level at $0.1736. While accumulation shows high buying activity, the indicator is pointed downwards, indicating a correction could happen soon. The correction that may take place could be for a short period and the altcoin could continue to rise up once again. 

Although the current market highlights an imminent fall, the historical price movement has shown that FTM was able to surge during the overall bull run of the altcoin market. As such, we can expect that FTM may show an optimistic performance in the market this year, with a possibility of crossing the $1 mark.

Fantom (FTM) Price Prediction 2024 – Resistance and Support Levels

FTM/USDT 1-Day Chart (Source: TradingView )

While FTM has recently crossed one of the main resistance levels in the market, there may be a high chance that the altcoin may experience a slight fall. Despite the downfall, investors may continue to be optimistic about the altcoin and could cross several psychological barriers in the charts. With the buyer’s support, FTM could also touch the $1.64 resistance level.

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 $1.8 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 $1.6. 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 $2.3 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 $2.5 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 $3.2 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 $3.6 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 $3.9.

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 $17 by 2040.

Minimum Price	Average Price	Maximum Price
$15.81	$17.25	$17.87

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 $38.

Minimum Price	Average Price	Maximum Price
$37.95	$38.19	$38.76

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 $38.76 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.

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