Cryptocurrencies are growing rapidly as fiat currencies lose their shine during the global recession. Blockchain-based cryptocurrencies appear to be controlling the crypto market, with decentralized financing (DeFi) becoming the talk of the town for digital assets. Many financial experts have announced collaborations and multibillion-dollar investments. After Ethereum, Terra, and Binance Smart Chain, it is now the world’s sixth-largest platform.
Fantom, which is currently ruling the exchange, is storming ahead thanks to a $15 million investment from Singapore-based Hyper Chain Capital. Fantom, better known by its native token FTM, has recently been active in the crypto market, achieving incredible results.
What is Fantom?
According to the Fantom Foundation website, a portion of the Fantom drop was unrelated to the Fantom crypto project itself, which is a promising smart contracts platform with the goal of improving scalability issues and transaction costs that plague existing blockchain technology, and providing a better blockchain platform “for DeFi, crypto dApps, and enterprise applications.”
The native token is the FTM crypto asset, which has a current circulating supply of 2.55 billion FTM coins.
What Is The Cause Of Fantom’s Downfall?
When Bitcoin began its six-month fall from $69,000 – reached shortly after the current Fantom all-time high in November 2021 – to $26,000 in May 2022, many crypto projects sold off.
That month also saw the Terra (LUNA) crash, which impacted other DeFi projects and the entire crypto markets — but which appears to be over now that LUNA is surging off the lows.
Fantom went down for various reasons, including the departure of Fantom developers Andre Cronje and Anton Nell, which resulted in a dip in Fantom’s Total Value Locked (TVL) when the announcement was made. Fantom stated that they were not core developers and that the Fantom foundation would continue to exist.
Fantom also has its algorithmic stablecoin, FUSD, and many of the projects and coins associated with it suffered a drop in value as investor confidence in them waned during the Terra (LUNA) sell-off.
Fantom (FTM) Price Predictions: 2022-2026
Before the new year, Fantom pricing provided past investors with a massive solid return on chart trading. Fantom (FTM) has a market cap of $7,268,948,119 and a circulating supply of 2,545,006,273 FTM. Fantom FTM has a 24-hour trading volume of $1,052,908,880.68, and its current price action is at $2.8.
Fantom Price Prediction 2022
The trading cryptocurrency market is looking back at FTM crypto to perform. The expected price of Fantom cryptocurrency reaches a maximum price level of $3.65, an average price of $3.38, and a minimum price of $3.2, which is pretty optimistic but undoubtedly realistic.
Fantom Price Prediction 2023
FTM price projection may be unclear at times due to government policies and laws changes. Suppose FTM Fantom can hold the $3.9 support level. In that case, buyers will have plenty of time and stability to forget about the next attack mission on the crucial resistance level and play consistently at $4 while watching the trend. In addition, the prices are determined by technical analysis.
Fantom Price Prediction 2024
Fantom FTM holders will have an easier time getting to the climax because there are more short and long-term price goals to purchase or sell FTM/USD. It may cross $4.7 and gain future outcomes, starting with a long-term minimum of $4.3 and an average price of $4.5.
Fantom Price Prediction 2025
FTM has dropped in price; however, based on market cap and resistance levels, one of the most positive signals is the huge increase in the number of coins deposited into the contract. With so much potential, FTM has attracted the attention of all industry crypto experts, who believe that backed by a fundamentally sound algorithmic science and stable performance, the future price of the FTM coin can reach $4.7 by the end of 2025.
Fantom Price Prediction 2026
A significant dApp uptake has driven up the price of Fantom FTM in recent years. Additionally, improvements will increase the network’s scalability to 3,00,000 TPS, removing the blockchain from energy-intensive. The network is quite popular, with several projects developed; if developments are maintained and investing advice is followed, we might see Fantom’s price grow to $4.9, setting a new high with maximum value. In the year 2026, the average price would be $5.1.
Is FTM Coin A Good Investment?
100 percent. FTM can be a beneficial and long-term source of income if you use the information supplied to effectively and adequately plan all of your investments. FTM has the potential to be a profitable long-term investment. There is no tried and true method for becoming wealthy rapidly; however, investing in FTM can be beneficial.
Your specific circumstances will determine whether the FTM token is a good investment for you. Cryptocurrencies are highly volatile assets, making them riskier than traditional investment options. Before investing, you should consider how much risk you are willing to take. Never put money into an investment that you can’t afford to lose. To determine whether FTM is a good fit for your investment portfolio, you must conduct your research.
Tokens – FTM, FTM-INR, INR-FTM, USDT-FTM, FTM-USDT