Fantom (FTM) is a unique blockchain platform designed to overcome the limitations of traditional systems through speed, security, and scalability. Leveraging its innovative Lachesis Protocol and Ethereum-compatible Opera Chain, Fantom offers a novel solution to the blockchain trilemma. However, the journey of FTM has seen several ups and downs, including a significant setback due to the Multichain hack.
This article aims to provide a comprehensive overview of Fantom and delve into the future of FTM, covering price predictions from 2024 to 2030. From fundamental analysis to technical projections, we will explore various factors that could influence FTM’s trajectory in the coming years.
Fantom Foundation is rebranding Fantom blockchain to Sonic Network. $FTM coins will convert to S coins 1:1. The new Sonic blockchain will have a native Layer 2 bridge to Ethereum. This is expected to be a major positive development in 2024.
What is Fantom?
Fantom is a decentralized, open-source, and permissionless smart-contract platform built on a consensus protocol called Lachesis. It provides faster, cheaper transactions with high security, and is compatible with Ethereum Virtual Machine (EVM), allowing for easy smart contract creation and deployment. It can process thousands of transactions per second, achieves transaction finality in about one second, and offers absolute finality, meaning completed transactions can’t be reverted. It also allows multiple blockchains to operate independently while communicating with each other, each with their own custom tokens and governance rules.
What is FTM?
FTM is the native token of the Fantom network, used for securing the network through a Proof-of-Stake system, facilitating payments due to fast transaction times and low fees, and serving as the token for on-chain governance and network fees. The total supply is 3.175 billion, with 2.8 billion in circulation and the rest reserved for staking rewards. FTM can be bought on major exchanges and stored and staked in Fantom’s fWallet.
About Fantom and FTM
| Statistic | Value |
|---|---|
| Rank | #67 |
| Coin | FTM |
| Current Price | $0.46 |
| Market Cap | $1,305,582,557 |
| Fully Diluted Market Cap | $1,478,518,018 |
| Fantom Explorer | Click here |
| Whitepaper | Click here |
| Circulating Supply | 2,803,634,835 FTM |
| Percentage of Max Supply in Circulation |
88.24% |
| Max Supply | 3,175,000,000 FTM |
| Total Supply | 3,175,000,000 FTM |
Fantom Funding Raised and Investors
The Fantom Foundation, the organization behind the Fantom network, has successfully raised a total of $40.1 million in funding over the course of three rounds. This financial backing was provided by a number of reputable investors, including Signum Capital, Obsidian Capital, Nirvana Venture Advisors, DHVC, 8 Decimat Capital, and Arrington XRP Capital among others. This funding has played a critical role in supporting Fantom’s growth and development in the field of blockchain technology.
Team Behind Fantom
The Fantom Foundation comprises a diverse global team dedicated to building infrastructure for a more democratic future. Key members include Michael Kong, the CEO and Director, David Richardson, the Executive Chairman, and Andre Cronje, a Core Contributor and Director. Their combined expertise in technology, governance, and strategy guides Fantom’s mission to make advanced blockchain technologies accessible and integrated worldwide.
How to buy FTM token?
FTM, the native token of the Fantom network, can be purchased on all major cryptocurrency exchanges, including Binance, Kucoin, Gate.io, Huobi and OKEx, where it’s available for trade using BTC, ETH, USDT, or BNB. FTM exists on several protocols, including as an ERC-20 token, BEP2 token, and Fantom’s own OPERA token.
Best Wallets for Fantom: Where to store FTM?
FTM, the native token of Fantom, can be safely stored in several wallets. Fantom’s official wallet, fWallet, allows users to send, receive, and stake FTM, as well as access the Fantom DeFi ecosystem. Software wallets like Metamask, a popular browser extension, also support mainnet FTM and allow interaction with Fantom dApps.
For hardware wallet options, the Ledger Nano is a highly secure choice for storing mainnet FTM and interacting with dApps on Fantom. Coinbase Wallet, the wallet of one of the largest crypto exchanges, is another option, enabling easy storage of FTM and access to the Fantom network.
Mobile wallets such as Trust Wallet, Coin98 Wallet, Edge, and BitKeep also support mainnet FTM and are available for both iOS and Android. Trust Wallet is especially secure and widely used, while Coin98, Edge, and BitKeep also offer easy-to-use interfaces.
MathWallet is a universal crypto wallet supporting mainnet FTM across multiple platforms, including mobile, browser, web, and hardware. Lastly, Exodus, an easy-to-use wallet that supports hundreds of cryptocurrencies including FTM, can also be used for storage. All these options provide secure and accessible means to store and manage FTM tokens.
FTM Price Forecast 2024
2024 is expected to be a positive year for FTM holders.
The highest and lowest price prediction for FTM in 2025 is expected to be $1.270 and $0.33 respectively.
FTM Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $1.327 | $1.071 |
| February 2025 | $1.207 | $0.862 |
| March 2025 | $1.231 | $0.993 |
| April 2025 | $1.119 | $0.799 |
| May 2025 | $1.216 | $0.981 |
| June 2025 | $1.338 | $0.956 |
| July 2025 | $1.312 | $1.058 |
| August 2025 | $1.574 | $1.124 |
| September 2025 | $1.590 | $1.282 |
| October 2025 | $1.445 | $1.032 |
| November 2025 | $1.474 | $1.189 |
| December 2025 | $1.489 | $1.064 |
FTM Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $1.563 | $1.261 |
| February 2026 | $1.720 | $1.228 |
| March 2026 | $1.563 | $1.261 |
| April 2026 | $1.876 | $1.340 |
| May 2026 | $2.064 | $1.664 |
| June 2026 | $1.876 | $1.340 |
| July 2026 | $1.550 | $1.250 |
| August 2026 | $1.409 | $1.007 |
| September 2026 | $1.762 | $1.421 |
| October 2026 | $2.202 | $1.573 |
| November 2026 | $2.423 | $1.954 |
| December 2026 | $2.713 | $1.938 |
FTM Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $2.985 | $2.407 |
| February 2027 | $3.582 | $2.558 |
| March 2027 | $3.256 | $2.626 |
| April 2027 | $3.582 | $2.558 |
| May 2027 | $3.940 | $3.177 |
| June 2027 | $3.031 | $2.165 |
| July 2027 | $2.424 | $1.955 |
| August 2027 | $1.879 | $1.342 |
| September 2027 | $2.349 | $1.895 |
| October 2027 | $2.937 | $2.098 |
| November 2027 | $3.230 | $2.605 |
| December 2027 | $3.618 | $2.584 |
FTM Price Prediction 2028 to 2030
| When | Maximum Price | Minimum Price |
| January 2028 | $3.980 | $3.209 |
| February 2028 | $3.582 | $2.558 |
| March 2028 | $3.256 | $2.626 |
| April 2028 | $3.582 | $2.558 |
| May 2028 | $3.009 | $2.426 |
| June 2028 | $2.735 | $1.954 |
| July 2028 | $3.419 | $2.757 |
| August 2028 | $4.410 | $3.150 |
| September 2028 | $5.292 | $4.268 |
| October 2028 | $4.811 | $3.437 |
| November 2028 | $4.859 | $3.919 |
| December 2028 | $5.442 | $3.887 |
| January 2029 | $4.907 | $3.958 |
| February 2029 | $5.773 | $4.124 |
| March 2029 | $6.351 | $5.122 |
| April 2029 | $7.561 | $5.400 |
| May 2029 | $8.218 | $6.627 |
| June 2029 | $9.040 | $6.457 |
| July 2029 | $8.609 | $6.943 |
| August 2029 | $7.174 | $5.125 |
| September 2029 | $7.246 | $5.844 |
| October 2029 | $9.058 | $6.470 |
| November 2029 | $9.239 | $7.451 |
| December 2029 | $9.424 | $6.731 |
| January 2030 | $9.148 | $7.378 |
| February 2030 | $9.331 | $6.665 |
| March 2030 | $8.972 | $7.236 |
| April 2030 | $7.477 | $5.341 |
| May 2030 | $7.626 | $6.150 |
| June 2030 | $6.933 | $4.952 |
| July 2030 | $9.013 | $7.269 |
| August 2030 | $9.103 | $6.502 |
| September 2030 | $7.626 | $6.150 |
| October 2030 | $9.152 | $6.537 |
| November 2030 | $8.716 | $7.029 |
| December 2030 | $7.924 | $5.660 |
As we project into the future, the FTM Token’s price dynamics for 2028 are anticipated to see fluctuations, with December marking the pinnacle at an estimated maximum price of $5.442.
However, in June, the price is expected to dip to its lowest point of $1.954. Moving into 2029, there’s a bullish sentiment as the token is forecasted to hit its highest price of $9.424 by December, showcasing significant growth from the beginning of the year when it might start at a minimum of $3.958 in January.
Looking further ahead to 2030, while February could see a peak at $9.331, June is envisaged to experience a trough with a minimum price of $4.952. These predictions reflect the potential volatility and market sentiment surrounding FTM Token in the coming years.
FAQs
What is FTM Price Prediction for 2025?
FTM price prediction for 2025 suggest FTM token could be trading in the range of $0.799 and $1.590 in 2025. FTM in 2025 is expected to stay bullish like any other cryptocurrency.
What is FTM Price Prediction for 2030?
Maximum and minimum price prediction for FTM for 2030 is expected to be $9.331 and $4.952 respectively.
When will FTM reach 10USD?
As per our analysis, FTM may reach 10USD by 2031.
What is Fantom price target for 2040?
Fantom token in 2040 may trade in between 18 to 21USD.
What will FTM be priced at in 2050?
FTM token in 2050 may trade in between 30USD to 50USD.
Should you buy FTM in 2024?
Before buying FTM or any other cryptocurrency, one should study the project in depth.
Let us do a thorough analysis of FTM in terms of fundamental, onchain and technical analysis in order to understand if buying FTM in 2024 is a good idea or not.
FTM Fundamental Analysis
Fantom is EVM compatible blockchain that is able to process transactions faster, cheaper. Like Ethereum, one can build smart contracts on Fantom blockchain.
- Consensus Mechanism: Fantom’s unique Lachesis Protocol employs a DAG-based algorithm for the consensus process, making it significantly different from most blockchain platforms. It offers a leaderless, scalable, and asynchronous framework which enhances transaction speed and system scalability.
- EVM-Compatibility: Fantom’s Opera chain is Ethereum Virtual Machine-compatible, which allows it to leverage the Ethereum ecosystem while maintaining its unique advantages. This interchain compatibility also extends to Binance, opening up access to a vast pool of digital assets and applications.
- Scalability: Fantom aims for an extremely high transaction rate of 300,000 transactions per second, positioning it as one of the fastest blockchain platforms. This could make it attractive for large-scale enterprise use-cases, high-frequency financial services, and other sectors demanding speed and efficiency.
- Byzantine Fault Tolerance: Fantom’s network is designed to tolerate up to one-third of its nodes being faulty, making it robust against certain forms of attacks or failures. This enhances the security of the network.
- Fast Transaction Finality: Fantom offers transaction finality within 1-2 seconds, significantly faster than most existing blockchains. This feature could make it particularly attractive for use-cases that require near-instant transaction confirmation, such as financial transactions.
- FTM Tokens: The FTM token serves as a utility token in the Fantom network, used to pay transaction and execution fees, and to participate in the network’s governance. As Fantom operates on a proof-of-stake consensus mechanism, network validators stake FTM to run a node, collect staking rewards, and gain voting power proportional to the amount staked.
- DeFi Capabilities: Fantom has built a comprehensive DeFi suite that includes liquid staking, minting synthetic assets, lending, borrowing, and non-custodial trading. By successfully addressing the blockchain scalability trilemma, it is positioned to offer a strong alternative to Ethereum and other DeFi platforms.
Is FTM a good pick in 2024?
Here’s my personal opinion.
After conducting an in-depth analysis of FTM, both fundamentally and technically, our assessment indicates mixed prospects for this altcoin in 2024. From a fundamental standpoint, Fantom is a solid project with strong technological underpinnings. It boasts an innovative consensus mechanism, high transaction speed, EVM-compatibility, and a robust DeFi suite, making it a compelling platform in the blockchain space.
However, the technical and on-chain analysis reveals some weaknesses. The recent Multichain hack has significantly impacted FTM’s Total Value Locked (TVL), casting doubts about its immediate future. Moreover, the fee generation associated with the blockchain is also less than encouraging.
In summary, FTM might be a suitable pick for 2024 if you place significant trust in its core team, particularly Andre Cronje, and believe that market dynamics will favor the coin in the upcoming bull cycle. Nevertheless, given the current circumstances, Fantom does not present compelling reasons for investment based solely on its present state. As always, potential investors should perform their own due diligence and consider their risk tolerance before venturing into any cryptocurrency.
And the rebrand to Sonic could be the catalyst that will take FTM price to 1$ in 2024.
Do not expect FTM to reach 10USD or 50USD anytime soon.
