Various decentralized finance (DeFi) token investors rely upon a slew of new information to make their investment decisions. This news is really important for investors in DeFi tokens like Fantom and those considering the Fantom (FTM) price predictions to decide if FTM deserves a place in their portfolio or not.

On the other hand, FTM is currently down by 5% due to the downtrend in the Crypto industry caused by Elon Musk tweets. Also, for a long time, Cryptocurrencies have been dragged down by widespread bearish sentiment.

The news that Fantom has suffered fewer losses than many of its competitors is intriguing. However, a Cryptocurrency exchange like Gemini came up with some good news for investors by disclosing that, along with three other Cryptocurrencies, FTM will be added to its crypto trading platform.

Indeed, investors should rejoice at this news, and it’s possible that this will be the case in the long run. Following the announcement of a $15 million investment by Singapore-based HyperChain Capital, Fantom is rising in trading. FTM-USD is now trading at 57 cents, up roughly 14% since April 28, 2021. For the time being, investors have been left wondering when the diminishing trend in the Crypto markets would stop.

Let’s look at the FTM price predictions for 2021 and beyond to understand the future of Fantom Token.

What Is Fantom Token (FTM)?

The Fantom ecosystem’s lifeblood is the FTM token, which uses the Proof-of-Stake method to enable decentralized governance and security. The FTM token can also be used to pay for Fantom network costs and for seamless payment transactions.

Dr. Ahn Byung Ik is the originator of Fantom, the Korea Food-Tech Association president, Michael Kong, who has several years of expertise as a smart contract developer in the Blockchain field, will take over as CIO at Fantom.

Fantom is an Ethereum Blockchain alternative that validates transactions using an asynchronous Byzantine Fault Tolerant (aBFT) consensus architecture. The network can now be scalable, decentralized, and secure, rather than simply two of the three. In practice, transactions will almost be immediate, and this means low fees.

Fantom launched Go-Opera, a massive network upgrade, last week. Transactions now take less than a second, and network efficiency has increased as a result of this change. As a result, Fantom is one of the world’s quickest Blockchains.

FTM tokens have a total quantity of 3.175 billion and are currently in circulation in the amount of 2.5 billion. The remaining tokens should be set aside for staking rewards, according to the Fantom Foundation.

What Is the FTM Used For?

The FTM token’s primary purpose on Fantom is to safeguard the network through a Proof-of-Stake scheme. Validator nodes must have a minimum of 3,175,000 FTM, and stakers must lock up their FTM in order to participate. Both the nodes and the stakers are compensated with epoch awards and fees in exchange for their services.

The Fantom network’s high-throughput, low costs, and high speed make the FTM token perfect for making and receiving payments. Because Fantom is a fully permissionless and leaderless decentralized ecosystem, on-chain governance is required for on-chain governance.

Fees on Fantom are quite low, yet they are sufficient to make carrying out an attack exceedingly costly for a malevolent actor.

Because Fantom is EVM (Ethereum Virtual Machine) compatible, dApps developers on Ethereum can easily deploy and execute them on Fantom.

What Are the Four Main Products in the FTM Suite?

Fantom Token is a one-stop-shop for all your decentralized finance (DeFi) needs, which can help DeFi protocols run smoothly with near-instant transaction completion and low fees. In its DeFi suite, Fantom Token offers four key products:

• fMint: Users can manufacture synthetic assets, such as pegged assets and Cryptocurrencies like national currencies, using this protocol.
• fTrade: fTrade is a Fantom-based automated market maker (AMM) decentralized exchange (DEX) that can be accessed via the Fantom Wallet. This enables users to conduct any Fantom-based token transaction from a single wallet.
• Liquid Staking: Users can lock their FTM tokens and receive sFTM tokens (staked FTM) in a 1:1 ratio from Fantom. These tokens are ‘liquid,’ meaning they can be utilized throughout the Fantom ecosystem’s various protocols. Furthermore, there is no charge for minting or returning sFTM tokens.
• fLend: In Fantom’s lending and borrowing protocols, users can use their liquid sFTM tokens. As a result, consumers can obtain exposure to these products without putting their FTM token investment at risk.

Fantom also provides a development environment and enterprise services for enterprises that require safe, scalable Blockchain solutions. All of this is made possible via the FTM token, which ensures the project’s security and decentralization.

Furthermore, instead of all processing power being navigated on a single network, Fantom can enable developers to construct their own networks within the Fantom ecosystem.

What Are the Cons of FTM Token?

Despite the fact that FTM has an ERC-20 token, it is incompatible with other wallets. While it works on both mobile and desktop, Fantom’s official wallet called PWA Wallet is the only way to store your FTM. Other ERC-20 tokens are supported with the wallet, but they are automatically switched for Opera FTM.

Other exchanges, like as Binance, do not allow you to stake FTM. On the platform, you may only stake FTM. Moreover, FTM being a Korean-based initiative may be able to maintain a foothold in the domestic market due to the contacts Dr. Ahn and the rest of the team have.

Price Analysis of the FTM

Flashback: Historical Price Analysis of the FTM

Fantom began its sluggish but steady rise in December 2019, when Ethereum showed a spectacular performance, breaking beyond $500 and moving to $900 in January 2020.

The programmability of Blockchain technology, which is at the heart of this coin, is the entire phenomena and core emphasis of this Cryptocurrency. This allows users to take advantage of digital money and utilize Fantom for any marketplace transactions, including financial apps, services, and games that may be established on the platform.

Therefore, it is interesting to see what the future hold for the Fantom token.

Fantom Token (FTM) Price Prediction 2021

The network is quite popular, with various projects constructed on it; if progress is sustained, we may expect the Fantom FTM price to surge to $0.70, a new high.

With a 24-hour trading volume of $44,787,070, the price of the Fantom token on 25 June 2021 is $0.219949. In the previous 24 hours, Fantom has lost 10.73 percent of its value.

Fantom Token (FTM) Price Prediction 2022

The currency is projected to rise if the community focuses on expanding collaborations and community finance. FTM is predicted to cost $0.88 in 2021, based on its current price.

Fantom Token (FTM) Price Prediction 2023

If FTM can hold the $0.80 support level, FTM purchasers will have enough time and stability to play regularly at $1 while keeping an eye on the trend.

Fantom Token (FTM) Price Prediction 2024

In June 2024, the price of FTM is expected to be $0.61, whereas it will decline to $0.56. However, it is expected that the Crypto industry will face massive optimism in 2024, and FTM may cross $1.5 by the end of 2024.

Fantom Token (FTM) Price Prediction 2025

The massive growth in the number of coins deposited into the contract is one of the most optimistic on-chain metrics favoring FTM/USD, based on resistance level and market cap. In the long run, the coin’s price could grow to $1.75 based on its steady performance.

FTM Price Prediction: Market Sentiment

Despite the fact that Fantom Token is a one-of-a-kind DeFi platform, popular media outlets have differing viewpoints on the pricing of FTM.

TradingBeats

By the beginning of December 2021, the Fantom price is expected to hit $0.7442, as per Trading Beasts. The lowest expected price is $0.6325, and the maximum estimated price is $0.9302. By the end of December 2021, Fantom (FTM) is expected to reach $0.75.

Gov Capital

FTM has a one-year price goal of 70 cents and a five-year projection of $3.78, according to the Gov capital’s website.

Digital Coin Price

According to Digital Coin Price, FTM’s price estimate for 2021 is 45 cents, followed by 59 cents and 90 cents for 2023 and 2025. It should easily swing about $0.95 by the end of 2021 and $1.89 by the end of 2025, according to Digital Coin Price’s FTM price estimate.

Wallet Investor

A long-term increase is projected, according to Wallet Investor’s Fantom (FTM) price predictions, with a price forecast of $4.926 for 2025. The revenue is estimated to be roughly +686.9% after a 5-year investment.

FXstreet

According to FXStreet, a breakout over 50 cents would push Fantom to support a rise to 72 cents and 62 cents in the near term.

Bitgur

Fantom’s price might rise to 88 cents in the next month, according to Bitgur, but it could also fall to 37 cents if the market turns pessimistic.

Blockyre

FTM could rise to a high of $2.9 in the future, however, it may trade at $1.85 in the short run.

Reddit Community

Many FTM projects are in the works and will be released soon. Many new projects would have been finished by the end of the year, from concept to testing, resulting in an all-around bullish projection of as high as $1.04.

Cryptotelegram

Cryptotelegram claims that social media influencers believe FTM will hit $1 by the end of the year 2021.

Our FTM Price Prediction

If you organize all of your investments intelligently and effectively, FTM can be a lucrative and long-term source of income. 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.

The only thing that has caused the price of FTM to rise is investor confidence. FTM has weathered the test of time and is worth investors’ hard-earned money, proving its worth versus competition.

Lower fees and faster transactions are available with Fantom. The growing number of projects launched on Fantom demonstrates that developers are more trusting of the platform and choosing it as their preferred Blockchain platform. 

Is it a good idea to invest in FTM now and in the future?

Fantom not only has smart contract capability. However, it provides a safe and secure transaction and a trading mechanism that eliminates the need for intermediaries. There are 3.175 billion FTM in total, with 2.1 billion in circulation right now.

Based on the optimism shown by the popular media outlets, we are confident that the price of FTM will reach $70 by the end of 2021.

Conclusion

The network’s fresh integrations and improvements are what make Fantom stand out. Fantom has already teamed with several colleges to work on the Fantom Virtual Machine (FVM). This database is comparable to the EVM but has additional capabilities to improve overall performance.

Furthermore, Fantom provides various options and benefits for DeFi users while maintaining a decentralized and secure network.

The Opera Chain, which supports the Ethereum Virtual Machine, is Fantom’s mainnet. As a result, all Ethereum smart contracts are interoperable with the Opera Chain. Fantom’s approach to the DeFi as well as its staking reward programme structure, are both revolutionary.

The Fantom token (FTM) debuted in 2021 at $0.01 and has risen to a new all-time high of $0.84. Fantom provides several enterprise Blockchain services that can be effortlessly integrated with existing IT systems.

Based on Fantom token (FTM) price prediction, it is estimated that FTM will provide users with a convenient one-stop-shop solution for several DeFi protocols.

Despite this positivity, we suggest you conduct your own research before utilizing any of our insights regarding FTM price prediction or other crypto assets.