Fantom coin future 2023 | FTM coin forecast
Do you want to know the future of the FTM coin during 2023? Here are the predictions for the future of Fantom, which is a digital project that aims to develop decentralized finance.
The FTM coin is the currency approved for facilitating and completing transactions within the Fantom platform, which was created in 2018 by South Korean computer scientist Dr. Ahn Byung-ik. This platform allows developers to build and generate smart contracts by providing their own consensus algorithms. This platform was originally designed as a solution to problems related to smart contracts, especially those related to the speed of transactions. The development team behind this platform has succeeded in reducing the transaction time to less than 2 seconds while providing more security space compared to traditional consensus mechanisms.
The FTM (Fantom) coin team, which includes developers, scientists, researchers as well as designers and entrepreneurs, has extensive experience in cryptography and blockchain technology and its development. This team mainly aims to create a scalable platform that is more capable of ensuring security and transparency, especially for smart contracts.
Quick info:
Fantom is a platform based on the Ethereum smart network.
The FTM coin is used within the platform to pay bonuses, fees and bets.
In the initial coin offering, the platform managed nearly $40 million to fund development.
The platform came with a special mechanism to improve productivity and security, which is called Lachesis.
Now that we know the basics of the project that came up with this coin, let’s move on to predictions for the future of the FTM (Fantom) coin over the coming years.
Fantom coin price
While traditional fiat currencies lose their luster and value during the global economic recession, digital currencies gain momentum and prosperity in such times. With the focus of the world and its pioneers shifting to the field of decentralized finance (DeFi), it seems that blockchain-based digital currencies, which seek to improve and develop this field, are starting to rule this market. Many giant financial companies have also started announcing huge partnerships and investments worth billions of dollars with these currencies. The FTM (Fantom) coin is one such digital currency.
Our coin started trading at $0.024 in 2019 and has continued to trade in the range of $0.003 and $0.03. The FTM currency managed to achieve its first price increase in January 2021, and the price continued to rise until it reached the level of $ 1.66, on November 8, 2021, then $ 3.16 on November 11, 2021, as its highest price level so far.
At the time this article was updated, the FTM coin (Fantom) is trading at $2.01 with a 24-hour trading volume of $722,441,606. The price has increased by 4.03% in the last 24 hours. FTM (Fantom) is currently ranked 29 on CoinMarketCap, with a direct market capitalization of $5,128,233,705. This coin has a circulating supply of 2,545,006,273 coins out of a total supply volume of 3,175,000,000 coins.
Fantom Coin Predictions 2023
Fantom Coin Predictions for 2023
If the FTM holds the support level around the 200-MA, which is the long-term moving average of 200 days, stably, then it is likely that investors will have enough time to lift the price to the new vital level at $40.
Fantom Coin Predictions for 2024
Taking into account the new project developments of the platform, FTM coin investors can expect to make several partnerships in 2024. This may lead to an increase in the price of FTM coin in the cryptocurrency market, and this may push the price to the level of $52.
Fantom Coin Predictions for 2025
In the next four years, FTM coin prices could reach the $75 level. However, reaching this level could not be too difficult for FTM, as they have shown high growth potential and managed to achieve impressive heights.
The future of the Fantom coin
The FTM platform provides a safe and secure platform to facilitate transactions and trading without intermediaries. The platform’s subsidiary, Hyperblocks, operates several validators who help secure the Fantom blockchain. As an alternative to Ethereum, Fantom uses an asynchronous Byzantine consensus model (aBFT) to validate transactions. This not only facilitates access and ensures security, but also results in minimal fees. Lachesis, our platform’s revolutionary aBFT consensus mechanism, allows the platform to be much faster and cheaper than other platforms.
The algorithm of this platform is focused on the blockchain network, and mainly on its programmability. The platform allows users to take advantage of a digital money perspective and use the Fantom coin to carry out all market transactions such as financial services, applications, and games, to name a few, that can be built on the platform. The Fantom platform also allows developers to draft and automate smart contracts to perform tasks under specific conditions.
Companies can build private, licensed blockchain networks based on the Fantom platform using their plug-and-play feature. This provides them with global expansion, a wide network of users and decentralized applications as well as a host of continuous developments and upgrades. Enterprise Fantom refers to a specific set of guidelines and technical specifications to accelerate the adoption of blockchain technology among enterprises. By rolling out a massive upgrade called Go-opera, Fantom announced an invaluable contribution to the blockchain network recently. This has accelerated multi-faceted transactions and greatly improved network efficiencies. All this value that this came with The currency for the blockchain network and companies, alike, will give the FTM coin (Fantom) large and very high growth opportunities that will make it one of the best digital currencies for investment and trading. This indicates that the future of the FTM (Fantom) coin will be bright.
Now let’s look at some of the most important predictions of some platforms for the future of Fantom coin:
Wallet Investor platform
This platform expects that this currency will experience a long-term price increase, as the price could reach the level of $13,345 in 2026. With a 5-year investment, the revenue is expected to be around +467.4%.
Trading Beasts platform
By applying technical analysis, this platform predicts that the price of this coin will reach $2.5 by the end of 2022.
GOV Capital platform
This platform expects the price of Fantom to reach $4.21 by the end of 2022.
Digital Coin Price platform
This platform predicts that the price of the FTM coin will reach the level of $4.08 by the end of 2022 and $5.47 by the end of 2026.
Frequently asked questions about the future of the FTM coin
Is FTM a good investment?
FTM coin can easily prove to be a valuable and sustainable source of income, provided you plan all your investments wisely and strategically. FTM can prove to be a viable investment in the long run, but there is no tried or proven way to get rich quickly from investing in this currency.
How does Fantom gain importance in the market?
It mainly has to do with investor confidence, which has made the price of the FTM coin move in an upward direction.
Is Fantom Network secure?
The Fantom Network is considered secure because it uses a variety of Proof of Stake algorithms designed to provide services and increase the level of network security.
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