What Will Be My Portfolio if Fantom (FTM) Price Hits $10?

The global crypto market is witnessing price drops across the board, even as the current downturn has taken precedence. Amidst this, Fantom (FTM) has recorded a bearish trend, with its value dropping by 30%, over the past 30 days. However, today, the token has displayed signs of improvement, reigniting interest from investors. In the midst of the ongoing market volatility, there is still significant growth potential for Fantom, prompting the consideration of how my portfolio would be impacted by a $10 value for Fantom.

Understanding Fantom (FTM)

Fantom is a decentralized platform for smart contracts, created to overcome the restrictions of previous blockchain versions such as Ethereum. By utilizing a directed acyclic graph (DAG) structure and a custom consensus algorithm, Fantom achieves improved transaction speeds, frequently finalizing transactions in less than two seconds.

This platform strives to achieve a balance between scalability, security, and decentralization, offering developers a wide range of tools.

Market Performance of Fantom (FTM)

Fantom is currently trading at $0.582, after rising in value by 2.62% in the past day. However, the token has faced challenges in the broader timeframe, declining in price by 10% and 31.71% over the past week and month respectively.

FTM has also seen a slight rise in its market cap, to reach approximately $1.63 billion, with a trading volume of $177 million, over the past 24 hours.
Although the token reached its all-time high on $3.48 in October 2021, it has since dropped by 83.29%.

Scenario Analysis: Investing in Fantom

Let’s look at three hypothetical investment scenarios, where Fantom price rises from its current price of $0.582 to $10, to understand potential returns. Put in mind that related taxes and fees are not included.

Scenario 1: Investing $500

Let’s assume that you are a new investor trying to deep your toes in the cryptocurrency market. By investing $500 at the current price, you will acquire 859 FTM tokens.

Suppose the price of Fathom skyrockets to $10, your portfolio value will also increase to $8,590. This will earn you a profit of $8,090, translating into a return on investment (ROI) of 1,618%.

Scenario 2: Investing $2,000

Now, if you are an intermediate investor and decides to increase your investment amount to $2,000 at the current price, you will get approximately 3,437 FTM tokens.

In case the price of Fantom soars to $10, then your portfolio value will jump to $34,370. This investment will yield a profit of $32,370 , which is an ROI of 1,618%.

Scenario 3: Investing $5,000

Moving on to the final scenario where an experienced investor invests $5,000 at the current price, you will be able to receive approximately 8,598 FTM tokens.
Suppose the price of Fantom increases to $10, then the value of your portfolio will also skyrocket to $85.980.

With this investment, you will be able to enjoy approximately $80,980 in profits, with an ROI of 1,618%. This highlights exponential growth potential with larger investments.

Conclusion

The technological capabilities and current market conditions of Fantom (FTM) indicate that the token has potential for growth. In case FTM price achieves the $10 mark, various investors, regardless of their levels will experience significant returns on their investments. Whether you investment a small amount of $500, or a large amount of $5,000, your profit will escalate, with a potential ROI of 1,618%

Even though these projects are only assumptions based on a positive market shift assumption, potential investors should always take into account the risks linked to investing in cryptocurrency. Extensive research and thoughtful deliberation are crucial to successfully maneuver through the unpredictable crypto terrain.

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