Fantom Price Prediction — Will FTM Hit $20 Soon in 2022?

Fantom Price Prediction 2021 - Will FTM Hit $11 Soon?
  • Bullish FTM price prediction is $3.11 to $5.11.
  • The FTM price will also reach $20 soon.
  • FTM bearish market price prediction for 2022 is $1.23.

In FTM price prediction 2021, we use statistics, price patterns, ADX, and much other information about FTM to analyze the future movement of the cryptocurrency

Fantom is a high-performance, scalable, secure, and directed acyclic graph (DAG) smart contract platform that was created to address the shortcomings of previous-generation blockchain platforms.

Fantom also provides remarkably high levels of security by securing the network with a leaderless Proof-of-Stake protocol. Unlike many other existing projects, Fantom prioritises security and decentralisation over scalability.

Moreover, Fantom is one of the cryptocurrencies whose ecosystem continues to develop. It is considered one of the busiest platforms this year. Moreover, FTM is one of the altcoins that the investors watch in the crypto space.

Now that we’ve seen the developments of Fantom, will it be a profitable cryptocurrency in 2022? Let’s find out in this Fantom Price Prediction and Price Analysis 2022.

FTM Current Market Status

According to coingecko, the price of FTM is $2.91 with a 24-hour trading volume of $1,858,272,222 at the time of writing. More so, FTM has decreased to 4.6% in the last 24 hours.

Moreover, FTM has a circulating supply of 2,541,152,731 FTM. Currently, FTM trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, CoinTiger, and FTX.

What is Fantom (FTM)?

Fantom, which is a DAG-based smart contract project, focuses on solving the issues on scalability of the existing public distributed ledger technologies. More so, the platform differentiate itself from the traditional block ledger-related storage infrastructure through attempts to employ an advanced version of current DAG-related protocols

More so, the Fantom platform enhances a new protocol which is called the Lachesis Protocol, in order to maintain the consensus. In addition, the protocol is intended to collaborate into the Fantom OPERA Chain. The aim is to enable applications which are built on top of the Fantom OPERA Chain to celebrate quick transactions. 

Furthermore, the main goal of FANTOM is to offer compatibility between all transaction bodies across the world, and develop an ecosystem which enables real-time transactions and data sharing with low cost. 

History of Fantom (FTM)

Through historical analysis of Fantom it is found that the FTM token has witnessed many ups and downs. However, the token now seems to set up its race to make a world record. 

In December 2019, Ethereum showed a tremendous performance breaking the past $500 and moving to $900 starting January of 2020. Afterwhich, Fantom began to slowly make a steady performance. Even though FTM has seen a fall in February 2021 to a low price of $0.4 after it marked a new high around $0.65. 

Moreover, the pandemic looks to set a big stage for Fantom with its great past performance. Evenmore, the FTM has grown to a large extent overtaking the performance of other cryptos in the market. 

After decreasing below $2.1212 in the past month, FTM price has recently made a recovery and marks new ATH at $3.48.

Before we dive into the Fantom price prediction 2022, let us have a look at some of the technical aspects of FTM.

Technical Aspects of Fantom (FTM)

Algorithms on blockchain will act as the center stage of the Fantom cryptocurrency. Moreover, the entire phenomenon and fundamental aim of the crypto asset is the programmability. More so, the blockchain ecosystem could be helpful for the ecosystem of Fantom. 

This enables users to benefit from the crypto Fantom and utilize all the marketplace transactions like financial services, apps, games, etc which could be built on the platform. All-in-all, Fantom enhances the developers to formulate and work automatically on smart contracts implementing works under particular terms. 

Do you think Fantom will reach new heights soon? Let us look into the Fantom (FTM) price prediction 2022. Before that let us look into a few factors which influence Fantom price. 

Fantom (FTM) Price Prediction 2022

Fantom holds the 26th position on CoinGecko right now. FTM price prediction 2022 explained below with a daily time frame.

FTM/USDT Inverted Head and Shoulder Pattern (Source: Tradingview)

The inverted head and shoulders pattern used as an indicator. This pattern is related to the reversal of the downward trend in prices. This is one of the most common signs of reversal. When the price drops, it will hit a bottom (trough), and then start to recover and rise. Market resistance pushed it back to another trough.

The price fell to the point where the market could not maintain a lower price, and the price began to rise again. Again, market resistance pushed prices down, and prices fell for the last time. If the market cannot support the lower price, the previous low will not be made. This will trigger a higher low before the price rises again. This movement produces three valleys or troughs called the left shoulder, the head, and the right shoulder.

Currently, FTM is at $3.04. If the pattern continues, the price of FTM might reach the resistance level to $3.1 and $5.11. If the trend reverses, then the price of FTM may fall to $1.23.

Fantom (FTM) Price Prediction 2022 — Support and Resistance 

The below chart shows the support and resistance level of FTM.

FTM/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of FTM.

  • Resistance Level 1 – $3.114
  • Resistance Level 2 – $5.112
  • Support Level 1 – $1.232
  • Support Level 2 – $0.775
  • Support Level 3 – $0.398

The charts show that FTM has performed a bullish trend over the past month. If this trend continues, FTM might run along with the bulls overtaking its resistance level at $5.112.

Accordingly, if the investors turn against the crypto, the price of the FTM might plummet to almost $0.77, a bearish signal.

Fantom Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of FTM is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. At the end of December month, RVOL of FTM lies below the cutoff line. Currently, RVOL of FTM is below the cutoff line; it indicates weaker participants in the current trend.

FTM/USDT RVOL, MA, RSI (Source: TradingView)

More so, the FTM’s Moving Average (MA) is shown in the chart above. Currently, FTM is in a bullish state. Notably, the FTM price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of FTM at any time.

Meanwhile, the relative strength index (RSI) of the FTM is at level 59.48. This means that FTM is in a nearly oversold state. However, this means a major price reversal of FTM may occur in the upcoming days. So, traders need to trade carefully. 

Fantom Price Prediction 2022 — ADX, RVI

Let us now look at Fantom’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System which was developed by Welles Wilder. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

FTM/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Fantom. Currently, FTM lies in the range at 27.68, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of FTM. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of FTM is below the 50 level, indicating that the direction of volatility is low. In fact, FTM’s RSI is at the 59.48 level thus confirming a potential sell signal.

Fantom Price Prediction 2022 — Comparison of FTM with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Fantom.

BTC Vs ETH Vs FTM Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and FTM is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and FTM also increases or decreases respectively.

FTM Price Prediction for 2023, 2024, 2025 and 2026

With the future developments and upgrades the price of FTM will reach great heights in the upcoming years. 

Fantom (FTM) Price Prediction 2023 is up to $25

Looking into the future growth of Fantom, the crypto is considered to have a positive impact. The bullish price of Fantom in 2023 is $20. 

Fantom (FTM) Price Prediction 2024 is up to $35 

As the upcoming years of Fantom are preceded by the different technological upgrades and events, there will be a bullish trend driving FTM to continue throughout the year. Thus, there is a high chance of FTM to reach $35 in 2024. 

Fantom (FTM) Price Prediction 2025 is up to $50

As per Fantom price prediction, the prices can hit the $50 mark in the long-term, but it will take time. Currently, FTM holds the potential for a significant bullish run in the next few years which depend on technological advancements of the ecosystem of Fantom as well as technical outlook.

Fantom (FTM) Price Prediction 2026 is up to $65

The Fantom FTM price prediction ecosystem is considered to be one of the popular ecosystems in the crypto space with many projects having been developed on it. With the advancements we can see the price of FTM will hit $55 and mark an all time high of $65 in 2026. 

Conclusion

With continuous improvements in the Fantom network, we can say that 2022 is a good year for FTM. For this reason, the bullish price prediction of Fantom in 2022 is $5.11. On the other hand, the bearish FTM price prediction for 2022 is $1.23.

Furthermore, with the advancements and upgrades on the FTM ecosystem, the performance of FTM would rise reaching $10 very soon. But, it might also reach $20 if the investors believe that FTM is a good investment in 2022.

FAQ

1. What is Fantom?

Fantom, which is a DAG-based smart contract project, focuses on solving the issues on scalability of the existing public distributed ledger technologies. Fantom’s native token is FTM. 

2. Where can you purchase FTM?

FTM has listed on many crypto exchanges which include Binance, OKEx, Mandala Exchange, FTX, and Huobi Global.

3. Will FTM reach a new ATH soon?

With the ongoing developments and upgrades within the FTM platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Fantom?

On October 28, 2021, FTM reached its new all-time high (ATH) of $3.48.

5. Is FTM a good investment in 2022?

Fantom (FTM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of FTM in the past few months, FTM is considered a good investment in 2022.

6. Can Fantom (FTM) reach $20?

Fantom (FTM) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Fantom (FTM) will hit $20 soon.

7. How much will the Fantom price reach by 2023?

As per deep analysis the Fantom (FTM) price prediction 2023 is up to $35.

8. How much will the Fantom price reach by 2024?

As per deep analysis the Fantom (FTM) price prediction 2024 is up to $50.

9. How much will the Fantom price reach by 2025?

As per deep analysis the Fantom (FTM) price prediction 2025 is up to $65.

10.  How much will the Fantom price reach by 2026?

As per deep analysis the Fantom (FTM) price prediction 2025 is up to $80.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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