Fantom is a blockchain protocol that aims to be the basis for next-generation decentralized applications (dApps), in particular those related to non-fungible tokens (NFT), games and the metaverse. Fantom offers a number of advantages over other blockchains, including
:
- Scalability, thanks to a multi-role architecture that divides work between different types of nodes, reducing the computational and storage load for each of them.
- Usability, thanks to a dedicated programming language called Cadence, which facilitates the development and testing of smart contracts and dApps.
- Interoperability, thanks to a bridge mechanism that allows the transfer of assets and data between Flow and other blockchains, such as Ethereum and Bitcoin.
- Governance, thanks to a staking and delegation system that allows holders of Flow’s native token (FLOW) to participate in decisions regarding the protocol.
Fantom was launched in 2020 by Dapper Labs, the company that created the famous NFT game CryptoKitties. Fantom has collaborated with several prestigious partners, including the NBA, the UFC, Warner Music Group and Ubisoft, to create and distribute dApps and
NFTs based on its blockchain.
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When will it reach 1 dollar
Fantom has already reached and exceeded the value of 1 dollar in 2020, shortly after its market launch. The price of Fantom started to rise significantly in January 2021, coinciding with the boom in NFTs and blockchain-based games. Fantom reached its all-time high of around 40 dollars in March 2021, before undergoing a correction along with the rest of the cryptocurrency market
.
When will it reach 10 dollars
Fantom reached and exceeded the value of 10 dollars in 2021, after starting the year with a price of about 6 dollars. Fantom’s price continued to grow in the first quarter of 2021, benefiting from the increase in demand and supply of dApps and NFTs based on its blockchain. Fantom surpassed 10 dollars in February and 20 dollars in March3
When will it reach 100 dollars
Fantom has not yet reached the value of 100 dollars, but many analysts and investors believe that it has the potential to do so in the future. The price of Fantom will depend on several factors, including
:
- The general trend of the cryptocurrency market, which affects the demand and supply of Fantom and other digital assets.
- The innovation and development of the Fantom protocol, which determine its competitiveness and its attractiveness for users and partners.
- The regulation and security of the NFT and gaming industry, which may have a positive or negative impact on trust and the adoption of Fantom and other blockchains for the metaverse.
Based on historical data and current trends, some websites and analysts have made predictions about possible future scenarios for the price of Fantom. These forecasts are purely indicative and do not constitute an investment recommendation. According to WalletInvestor’s forecast, Fantom could reach the value of 100 dollars by 2026, with a probability
of 95%.
When will it reach 1000 dollars
Fantom has not yet reached the value of 1000 dollars, but many analysts and investors believe that it has the potential to do so in the future. The price of Fantom will depend on the same factors mentioned in the previous sections. However, to achieve this goal, Fantom would have to have a market capitalization of around 110 billion dollars, which is very unlikely unless there is a revolution in the cryptocurrency sector and
the metaverse.
If it is considered a good investment
Fantom is considered by many to be a good investment, as it offers a series of advantages over other cryptocurrencies and other blockchain protocols, including:
- A high annual return (APY) for lenders and depositors, who can earn interest on their assets and receive tokens that increase in value over time.
- A low cost of capital (APR) for borrowers, who can access cash at competitive and flexible interest rates, and take advantage of arbitrage and trading opportunities.
- A strong potential for growth and appreciation, given that Fantom is one of the most innovative and scalable blockchain protocols in the sector and has a solid development and innovation roadmap.
- A high degree of security and transparency, guaranteed by audited and verified smart contracts, incentive and penalization mechanisms, and decentralized and participatory governance.
However, as with any investment, Fantom also involves risks, including:
- High volatility and high uncertainty, typical of the cryptocurrency market, which can lead to strong price fluctuations and capital losses.
- A high complexity and a high learning curve, required to understand and use the Fantom protocol and its functionalities, which can discourage or confuse less experienced or less informed users.
- A high exposure and a high vulnerability, deriving from interaction with other NFT protocols and platforms and games, which may involve compatibility, interoperability, or security issues.
Table with price forecasts from 2024 to 2030
Based on historical data and current trends, some websites and analysts have made predictions about possible future scenarios for the price of Fantom. These forecasts are purely indicative and do not constitute an investment recommendation. Here’s a table that summarizes some of these forecasts:
Tabla
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | 20 dollars | 25 dollars | 30 dollars |
| 2025 | 30 dollars | 35 dollars | 40 dollars |
| 2026 | 40 dollars | 45 dollars | 50 dollars |
| 2027 | 50 dollars | 55 dollars | 60 dollars |
| 2028 | 60 dollars | 65 dollars | 70 dollars |
| 2029 | 70 dollars | 75 dollars | 80 dollars |
| 2030 | 80 dollars | 85 dollars | 90 dollars |
Frequently Asked Questions
Where can I buy Fantom?
You can buy Fantom on different cryptocurrency exchange platforms such as AscendEX, BIB, Bibox, Bilaxy, and Tapbit. At the moment, Fantom is listed on 80 exchanges, with AscendEX confirming itself as the most popular platform for FTM
.
What is the best platform to buy Fantom?
Currently, the best platform to buy FTM is Binance, which has recorded a Fantom trading volume of $16.64 million in the last 24 hours. However, you also have other options to choose from, such as KuCoin, Kraken, Bybit, OKX, and gate.io
.
Where can I buy Fantom using fiat currency?
You can buy Fantom with fiat currency on Kraken, one of the most established exchange platforms in the cryptocurrency industry. Currently, Kraken quotes Fantom in pairs with the fiat currencies US Dollar and Euro. You can buy cryptocurrency on Kraken with a Visa or Mastercard card, or you can fund your account through a bank transfer or
other methods.
Where can I buy Fantom with USDT?
You can buy Fantom with USDT on the Binance cryptocurrency exchange platform. Binance is one of the most popular platforms in the world and has managed a Fantom trading volume of $16.64 million in the last 24 hours. Binance also offers a wide selection of other cryptocurrencies, expanding your trading options beyond Fantom
.
On which platform can I buy Fantom with a credit card?
Attention: The answer to this question is not available at this time.
What is Fantom’s trading volume over the past 24 hours?
Fantom’s trading volume in the last 24 hours is $156.36 million. Fantom is listed on 80 exchanges with 162 trading pairs.
Which platform has the highest trading volume than Fantom?
At the moment, the most popular platform for Fantom exchanges is Binance, which has handled $16.64 million worth of FTM exchanges in the last 24 hours.
What is the most popular trading pair for Fantom?
The most popular trading pair for Fantom is FTM/USDT. Over the past 24 hours, this pair recorded a trading volume of $72.20 million across 80 different cryptocurrency platforms
.
