Fantom Forecast: Will Fantom Reach $50?

Last Updated February 1st 2022

7 Min Read

Will Fantom’s (FTM) token price eventually reach $50? If yes, When?

Well, after growing its value by an incredible 20000% in the year to date, now every most crypto analyst and investor is convinced that Fantom will eventually reach and rise above $50. A majority of experts are convinced that Fantom will reach this price level before 2030, and only a few believe that it can get here in the next five years.

Dubbed the ultimate Ethereum Killer, Fantom was launched in late 2019 and has received crypto industry-wide acclaim because of its innovative approach to solving the scalability Trilemma using a single layer blockchain. Though it has been around for close to three years, it only grabbed the crypto market’s attention when its prices rallied and pushed its value up by more than 5000% during the early 2021 crypto market-wide rally.

Since then, there has been an uncontrolled pouring in of investor funds and increased demand of FTM tokens, whose net effect has been the pushing up of the altcoin prices. Having started 2021 trading at $0.017, Fantom eventually broke above $1 in early September. Less than two months later, the altcoin is trading at its highest price yet, at $3.40 - the peak of a three-month uptrend, during which time its value appreciated by more than 1500%.

But can it sustain this uptrend, and will this investor/trader-inspired price rally help FTM reach $50?

We answer all these questions in this post and tell you everything else you need to know about Fantom’s expected future price action by referencing some of the most reputable crypto experts and analysts.

When Will Fantom Reach $50?

Well, there is an overwhelming conviction within the crypto community that Fantom will eventually reach $50. However, given the highly volatile and unpredictable nature of Fantom prices, there is no telling when the altcoin will get to this price level.

But is the per token valuation of $50 even feasible for Fantom?

Well, looking at the coin’s growth rate for the past few months, the level of developer activity going on in the Fantom network, its innovative approach to solving the scalability Trilemma, and the increased investor interest in FTM tokens, analysts conclude that FTM has whatever it takes to reach $50.

Unlike some of its competitors, like Cardano, whose further value growth is, to an extent, limited by its generous maximum token supply, Fantom’s lean and fixed total coin supply supports the push towards $50. Such a move would only grow FTM’s market cap to a modest $157.75 Billion.

We have already mentioned that FTM prices shot up by 1500% in the last quarter of 2021, which is to say that if it can replicate this for the next months, it would reach $50 before mid-2022. But this would be almost impossible because that much of these gains came about in the past two weeks occasioned two events whose likelihood of coinciding again in the next two months and igniting a similar rush on FTM prices is minimal. First was Bitcoin’s surprise rise to the current ATH of $68k and the ongoing Fantom Developer Conference in Abu Dhabi, UAE.

For this reason, most experts are confident that FTM prices will only reach $50 in the next few years.

Technical analysis by CryptocurrencyPricePrediction, for instance, seems to suggest that FTM may break above $50 in the next five years. Their report on FTM’s future price performance indicates that it will end the year 2025 selling for $41.96 and gauging the rate with which it expects Fantom’s value to grow in the next four years, it implies that the altcoin will reach the target price before the end of 2026.

PricePrediction.Net, on the other hand, isn’t as optimistic. Though its technical analysis of FTM’s future price performance indicates that the altcoin will eventually reach $50, it indicates that it will only happen in 2028.

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What Will Happen If Fantom Reaches $50?

If Fantom token price eventually gets to $50, here is a series of factors that we expect from such a move:

It would eat into Ethereum and ‘Eethereum killer’s’ market cap: As Fantom’s popularity soars and its prices rise, we should expect to see it attract more developers, partnerships, and users. There is a huge possibility that a significant number of these will be migrants from Ethereum and such other ‘Ethereum Killers’ as Cardano and Solana as they seek to escape the multi-layer nature of most of these competitors.

Climb to a top 10 cryptocurrency: A per token price of $50 for the Fantom token would give the network a market cap of $158.75 Billion. All things held constant, this would catapult Fantom from its current CoinMarketCap ranking of position 29th to making it the 3rd most valuable cryptocurrency.

Attract more investors and developers: As Fantom token prices rise towards $50, both off-chain and on-chain brands would change their perception of it from another Ethereum killer to a serious blockchain network. You would, therefore, expect to see most of these brands invest in the technology by sponsoring projects and more developers launching Decentralized programs and hosting NFT projects on this platform.

But to reach $50, Fantom will first need to break above $10? So, how soon can it get here?

Read Also: Will Fantom (FTM) Make Me Rich?

Will Fantom Reach $10 In 2022?

Fantom only needs to less than triple its current value to reach $10, and though most crypto experts believe that it has everything it needs to get to this price level, they are as certain that it can reach here by the end of December 2022.

For instance, CryptocurrencyPricePrediction expects Fantom to end the year trading around $9.51 and to reach $8.5 in October 2022.

PricePrediction.Net, on the other hand, expects the Filecoin altcoin to break above $10 in 2022.

We must mention at this point that most of these price predictions are often based on the altcoin’s past price action over an extended period. They don’t, at the moment, factor in such happenings as the ongoing Bitcoin uptrend and its influence on FTM token prices or the ongoing Fandom Developer Conference - both of which have seen FTM’s value shoot by more than 280% in the past 30 days.

On different social media platforms, especially Twitter and Reddit, users are baking on the Abu Dhabi conference to help FTM reach $5-$7 and a more resolute Bitcoin/crypto market uptrend to help the altcoin reach $10 by the end of the year.

It, therefore, is likely that FTM could reach $10, but only if these two conditions are met.

Is Fantom (FTM) A Good Investment?

Yes, Fantom promises to be a good long-term investment, and it is easy to see why.

First, it has the backing of one of the most innovative and EVM-compatible third-generation blockchain technology. It is gradually positioning itself as the best platform on which developers and investors can create and host DeFi, GameFi, NFT, and CBDCs. Its use cases are increasing by the day and will eventually blow when blockchain goes mainstream, at which time your FTM investments will reach unimaginable heights.

You will also notice that there is a trend where token values for virtually all smart contract blockchains like Ethereum, Cardano, and Solana, eventually blow up. Solana’s token prices have, for instance, shot up by more than 940,000% in less than 2 years, while ETH’s overall ROI towers above 97,241.53%. Crypto analysts are confident that Fantom and its advanced technology will eventually flip most of these competitors, and you, therefore, can only speculate how high up it will have pushed your FTM investment by then.

Conclusion: Will Fantom (FTM) Reach $50?

While accurately forecasting the price of such a highly volatile and unpredictable altcoin as Fantom can be almost impossible, investors and crypto analysts alike are confident that FTM will eventually break above $50.

Most price prediction platforms argue that it will get here in the next 2 to 3 years. But Fantom investors and traders on social media are confident that it could be there before 2024, especially when you factor in the ongoing price rally and a possibly favorable crypto market performance for the next four years.