There’s no end in sign to the crypto bull run. Cryptocurrencies have never been more popular than now, and people are looking for the most promising and undervalued digital assets to invest in. And when it comes to cryptocurrencies with the greatest potential for growth in the current year, Fantom is the token that is quickly gaining the attention of blockchain investors.
In this article, you will find all the most important information about the Fantom token. You will be able to learn what is Fantom and why it is in such high demand among crypto enthusiasts. You will also get to know what are the Fantom (FTM) price predictions for 2021 made by renowned analysts and experts.
What is Fantom?
Fantom is a unique and innovative DeFi (decentralized finance) smart contracts platform, powered up by the Fantom token (FTM). But Fantom is not just yet another DeFi project – it’s one of the most multi-functional and groundbreaking platforms in the blockchain ecosystem.
The reason for the fact that Fantom is different from other DeFi platforms is the fact that it employs many original solutions which are not to be found anywhere else. New technologies which help to enhance the Fantom network include directed acyclic graphs (DAGs) and the Lachesis aBFT consensus algorithm.
All the advanced solutions of Fantom massively improve the performance of the Fantom network. Fantom is one of the most efficient blockchain-based platforms on the market. Transactions utilizing FTM are extremely fast and only take seconds to complete, and they are also very cheap – the fees are minimal, and moving funds with Fantom costs a small fraction of the fees of more established blockchains such as Ethereum or Bitcoin.
Another reason for the rapid expansion of FTM is the fact that Fantom is very easy to integrate with other solutions popular in the blockchain ecosystem. For example, dApps (decentralized applications) built with Fantom can be effortlessly integrated with the Ethereum network which is still the most popular smart contracts infrastructure.
Last but not least, Fantom is one of the most impressively complex suites of DeFi solutions available to investors willing to enjoy the full potential of decentralized finance. Virtually any DeFi-based earning opportunity that you can imagine is also included in Fantom. Minting, staking, trading, lending, borrowing – you can do all of that and more with FTM, with minimal fees and transaction costs.
FTM Price So Far
Fantom has been extremely successful so far, and the FTM price has been performing very well. Ever since the Fantom mainnet was launched in 2019, the project has been constantly evolving and expanding, which is reflected in the massive appreciation of the value of the FTM token. It’s enough to say that Fantom is already one of the top 100 cryptocurrencies by market capitalization.
However, it would be a grave mistake to think that the Fantom price is already at its limits and that there is no more room left for growth. Experts still consider FTM to be massively undervalued, and all the Fantom price predictions of leading analysts are univocally bullish.
The reason for the optimism regarding the FTM price is simple: Fantom has extremely strong technologic fundamentals, and there are not many projects which could compete with FTM when it comes to the complexity of advanced solutions integrated into the project. Because of that, Fantom is expected to become one of the top 50 or even top 20 largest cryptocurrencies by market capitalization in the near future
Most People Share the $1+ Fantom (FTM) Price Predictions for 2021
Most of the members of the crypto community believe that Fantom will keep appreciating in value. According to a survey created by the Twitter user Chillin Chimp, almost 54% of people believe that the Fantom price will surpass $1.00 by the end of the year:
Fantom $FTM price end of 2021 prediction
Current price .023$FTM $BTC $ETH $YFI $XRP $LINK $EOS $BCH $USDT $DAI $BUSD $BNB $UNI $ATOM $VET $USDC $XEM $SUSHI $WAVES $KSM $SUN $COMP $THETA $UNDB $XIO $KAVA $NANO $WNXM $ENJ $OXT $RUNE $LEO $XVG $TFUEL $UNDB $DOT $RSR $CRO $FIL $REV
— CHIMP – 🅕LASH 🌴 (@chillin_chimp) December 3, 2020
However, due to the rapid pace at which the FTM keeps gaining value, it’s likely that the $1.00 target is considered a minimum level, and that the price will increase even further. When we take a look at the Fantom price predictions made on a more substantial basis than a subjective opinion, it becomes clear that FTM can become much more valuable than $1 by the end of 2021.
Technical Analysis Gives a $1.5+ Fantom Price Forecast for 2021
A very interesting chart was published on Twitter by the user ant47762300. The chart shows the FTM price growth so far and extrapolates the current trend to deduce significant future price targets using a popular technical analysis tool called Fibonacci levels.
— ant (@ant47762300) March 3, 2021
According to the chart, if the Fantom price keeps appreciating at the current rate, surpassing $1.00 might be just the beginning. The next price levels to look for in the upcoming months are $1.27 and $1.41. If the bull market continues, the price can even reach $1.6, and in the longer term, a $2 Fantom price prediction for 2021 seems to not be unrealistic.
Youtube Analysts Agree on a $1.5+ Fantom Price Prediction
Youtube is one of the most popular platforms for crypto technical analysts to publish their research. Interestingly, when it comes to Fantom, a large number of independent analysts arrive at a similar conclusion and they give a very similar Fantom price prediction for 2021. According to these Youtube analysts, Fantom will likely surpass the $1.5 level by the end of the year.
Researcher Ryan Matta provides an in-depth analysis of the Fantom price development and believes that there is still a lot of room for FTM to grow. If the price would just double, Fantom would trade for over $1.20. But due to Fantom’s strong technologic fundamentals, it’s likely that it can grow even by a factor of five. If that were to happen, Fantom would be worth $3.00 by the end of the year. If we reach a realistic compromise between these two predictions, we end up with a $1.50-$2.00 range as a very possible Fantom price forecast for 2021.
Another popular Youtube technical analyst going by the name The Wolf of Trading arrives at a similar conclusion based on the extrapolation of the current FTM price trends. The charts make it clear that if the bull market continues, the Fantom price can surpass $1.00 very soon, and target the range of $1.40+ later this year.
Is $10 a Realistic Fantom Price Forecast for 2021?
Although technical analysis is a very popular tool among crypto investors, it has its limitations. Since it is based exclusively on price action, it doesn’t take technological fundamentals into the equation, and it doesn’t include a reference to the general situation on the market.
A popular crypto Youtuber Seany Bitcoins, instead of using technical analysis, compares the fundamentals of Fantom to competitors such as Ethereum. As mentioned before, Fantom is much faster and much cheaper than Ethereum. Since the fees on the Ethereum network have been very high lately, crypto enthusiasts might soon turn to Fantom as a more efficient and technologically advanced alternative. If Fantom manages to win a part of Ethereum’s market share, Seany Bitcoins believe that the FTM price might skyrocket and reach $10 by the end of the year.
Fantom can very likely turn out to be one of the greatest winners of the 2021 crypto bull run. The FTM token has so much potential because it successfully combines all the features most appreciated by blockchain enthusiasts: solid technologic fundamentals, extremely low fees, and very high transaction speed, as well as passive income-earning opportunities typical to the DeFi ecosystem.
Almost everyone agrees that the FTM price will surpass $1.00 by the end of the year, however that forecast seems to be rather understated. It’s more likely that in the case of Fantom technical analysis gives valid results, and that the price will surpass $1.50. Although some researchers see the FTM token appreciating much more than that, the most realistic Fantom price prediction for 2021 seems to fall within the $1.50-$2.00 range.
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