Fantom price prediction 2024-2030: Will FTM recapture its ATH?

Key takeaways

• Fantom price prediction suggests an average market price of $1.45 by the end of 2024.
• Holders can anticipate a maximum price of $2.38 in 2027.
• By 2030, FTM might touch $4.88, following increased institutional adoption.

The crypto market has been a nurturing ground for innovative and ambitious projects that introduce significant changes to its landscape by providing unique offerings. Among these, Fantom stands out as a protocol with the potential to transform the DeFi sector through its use of smart contracts.

The aim behind introducing the FTM token was to enable seamless interoperability among all global transaction platforms. Notably, the platform utilizes the “Direct Acyclic Graph” (DAG) smart contract platform, enhancing the network’s scalability.

The FTM incentive program’s unique advantages have attracted the attention of marketers, sparking curiosity about whether the FTM price might reach the $1 milestone in 2024. If you’re an investor with an interest in FTM, you’re in the right place as we delve into the potential price trajectory of FTM for 2024 and beyond.

Overview

Cryptocurrency	Fantom
Token	FTM
Price	$0.571
Market Cap	$1,613,239,524
Trading Volume	$104,221,730
Circulating Supply	2,803,634,836 FTM
All-time High	$3.48
All-time Low	$0.001953
24-h High	$0.5985
24-h Low	$0.5614

Fantom price prediction: Technical analysis

Price Prediction	$0.661937
Volatility	12.38%
50-Day SMA	$ 0.829057
14-Day RSI	45.42
Sentiment	Bearish
Fear & Greed Index	64 (Greed)
200-Day SMA	$ 0.498862

Fantom price analysis: The downside continues as FTM collapses to $0.571

TL;DR Breakdown

• Fantom price analysis confirms a downtrend.
• The coin value has dropped to $0.571.
• Strong support is available at the $0.509 end.

The daily and hourly Fantom price analysis for June 26, 2024, indicates a highly bearish scenario for the cryptocurrency today. Although the prior week proved to be in support of the buyers, the bears have now bounced back. The overall value of the cryptocurrency has dropped to $0.571 in the past 24 hours. Further losses in the coin value can be expected if the bearish progress remains steady.

Fantom price analysis 1-day chart: A downturn leads to a devaluation below the $0.571 margin

The daily Fantom price analysis suggests a decreasing trend for the cryptocurrency. The bears have overcome the upswing, as a constant downtrend has been observed since yesterday. The bears are now back on track as the selling activity is on the rise. In the past 24 hours, the FTM/USD value has deteriorated to a low of a low of $0.571.. However, the moving average (MA) indicator shows an improvement in its value because of the earlier bullish tide. Its value has reached $0.572 during the day with an ascending curve.

FTM/USD 1-day price chart. Source: TradingView

The one-day price chart dictates declining volatility, which is a bullish sign for the coming days. The upper end of the Bollinger bands indicator has moved to $0.723, marking support. Whereas, the lower end of the Bollinger bands indicator has switched to $0.509 extreme, hinting at the available support. The Relative Strength Index (RSI) indicator confirms the latest downturn in price. Its overall value has sunk to 38.41 because of the downward swing during the day.

FTM/USD technical analysis on a 4-hour chart: Upturn recovers coin value beyond $0.571 high

The hourly Fantom price analysis confirms rising bullish momentum for now. The earlier hours of the day remained supportive of the bears. However, in the last four hours, the bulls remained successful in securing a comeback. The overall value of the cryptocurrency has spiked up to $0.571 considering the bullish strike in the last four hours. Moving on, the moving average indicator shows a descending curve on the four-hour price chart. Its value has moved down to $0.586 because of the bearish dive since yesterday.

The volatility is expanding, which is a relatively negative signal for the approaching hours. Whereas, the upper and lower values of the Bollinger bands indicator have changed as well. Currently, the upper Bollinger band is occupying $0.620, signaling resistance. The lower Bollinger band is present at $0.551 low, hinting at stable support. The RSI graph displays a bullish curve because of the upturn in the last four hours. Its overall value has ascended to index 45.51, which is quite an average figure.

Fantom technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value	Action
SMA 3	$ 0.697656	SELL
SMA 5	$ 0.703220	SELL
SMA 10	$ 0.743236	SELL
SMA 21	$ 0.738966	SELL
SMA 50	$ 0.829057	SELL
SMA 100	$ 0.674132	SELL
SMA 200	$ 0.498862	BUY

Daily exponential moving average (EMA)

Period	Value	Action
EMA 3	$ 0.700390	SELL
EMA 5	$ 0.709994	SELL
EMA 10	$ 0.750989	SELL
EMA 21	$ 0.809007	SELL
EMA 50	$ 0.788929	SELL
EMA 100	$ 0.679404	SELL
EMA 200	$ 0.547728	BUY

What can you expect from the FTM price analysis next?

The daily and hourly Fantom price analysis suggests a highly bearish scenario for the cryptocurrency today. The bears remained on the leading end during the day, as the selling pressure is on the rising end. Moreover, the overall value of the cryptocurrency has moved down to $0.571. On the other side, the four-hour price analysis remained relatively favorable for the bulls. 

Recent news/opinion on Fantom 

Fantom has announced a financial pledge for the launch of Sonic, a super-fast network. Fantom has allocated a sum equivalent of $120 million in FTM tokens for Sonic migration to help companies and developers move their projects to Sonic.

Michael Kong Unveils Sonic’s Launch and Beyond. Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely community-centric brand.

Michael Kong Unveils Sonic’s Launch and Beyond

TL;DR
Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely… pic.twitter.com/AFEYxddC09

— Fantom Foundation (@FantomFDN) March 25, 2024

Fantom price prediction June 2024

The minimum price projected for Fantom in June 2024 is around $0.52, and its maximum price could reach $0.62. On average, traders and investors can expect FTM to trade at $0.62.

Period	Potential Low ($)	Average Price ($)	Potential High ($)
Fantom price prediction June 2024	$0.52	$0.59	$0.62

FTM price prediction 2024

Driven by investor support, FTM’s value is expected to remain stable, even during significant market dips. Moreover, an uptick in positive market activity could propel FTM’s value to a peak of $1.45. Investors can expect a minimum price of $0.59, and an average price of $1.40.

Period	Potential Low ($)	Average Price ($)	Potential High ($)
Fantom price prediction 2024	$0.59	$1.40	$1.45

Fantom price prediction 2025 – 2030

Year	Potential Low ($)	Average Price ($)	Potential High ($)
2025	$0.59	$1.40	$1.45
2026	$1.42	$1.56	$1.71
2027	$1.94	$2.28	$2.38
2028	$2.52	$2.83	$3.02
2029	$2.52	$3.36	$3.56
2030	$4.45	$4.75	$4.88

Fantom price prediction 2025

For 2025, Fantom is expected to reach a maximum price of $1.71, with a potential minimum of $1.42 and an average value of $1.56.

Fantom price prediction 2026

The Fantom price prediction for 2026 indicates that FTM will achieve a maximum price of $2.38, an average price of $2.28 and a minimum price of $1.94.

Fantom price prediction 2027

FTM is predicted to reach a maximum price of $3.02, an average price of $2.83, and a minimum expected price of $2.52 in 2027.

Fantom price prediction 2028

For 2028, Fantom might reach a maximum value of $3.02, alongside a minimum trading price of $2.52 and an average price of $2.83.

Fantom price prediction 2029

The FTM price prediction for 2029 projects a maximum price of $3.56, an average forecast price of $3.36, and a minimum price of $3.13.

Fantom price prediction 2030

In 2030, FTM may attain a maximum value of $4.88, an average trading price of $4.75, and a minimum price of $4.45.

Fantom market price prediction: Analysts’ FTM price forecast

Firm Name	2024	2025
Wallet Investor	$0.0209	$0.0197
priceprediction.net	$0.6262	$0.8751

Cryptopolitan’s Fantom (FTM) price prediction

According to our FTM price forecast, the coin’s market price might reach a maximum value of $1.59 by the end of 2024. Looking forward to 2026, the value of Fantom could surge to $2.83.

Fantom (FTM) historic price sentiment

• Fantom (FTM) launched its mainnet in December, with initial trading prices mostly below $0.02 in 2019.
• FTM experienced gradual growth, staying under $0.05 for most of 2020 but reaching around $0.017 to $0.02 by December due to growing DeFi interest.
• Prices surged from $0.02 in January 2021 to $3.48 by October, driven by DeFi adoption and positive market sentiment. The year ended with a correction to around $2.30.
• In 2022, FTM faced significant fluctuations due to macroeconomic factors, with prices dipping below $0.50 mid-year. Despite recovery attempts, bearish trends dominated.
• Early volatility in 2023 saw prices around $0.40, recovering to $0.55 mid-year before settling between $0.45 and $0.50 by year-end.
• In early 2024, FTM surged from around $0.31 in January to above $1.00 by March, driven by strong bullish momentum and increased trading volumes. After peaking in March, the price corrected, dropping to lower highs and lows by April.
• Following the correction, FTM found support around $0.60 in May and entered a consolidation phase between $0.50 and $0.80 in June. Despite volatility and tests of the $0.50 support, it held firm. Currently, FTM trades around $0.58.