Fantom is another smart contract cryptocurrency project that has the potential to be a major player in the world of DeFi. Whilst it may not yet be in the same league as the likes of Compound or MakerDAO, Fantom has been gaining momentum lately and could one day rival the biggest names in the space.
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Few would argue that DeFi is now firmly established as the biggest point of interest in the world of cryptocurrency. Whilst basic value exchange-based tokens like Bitcoin do continue to be highly relevant, it is likely that the more complex exchanges and yield farming protocols will offer the best chance of significant return for investors in the coming years.
Fantom isn’t just another DeFi project either. In fact, it offers a complete blockchain ecosystem that has actually been dubbed an ‘Ethereum Killer’. Of course, this is true of most emerging smart platforms, but Fantom has some impressive scalability potential and fast transaction rates.
So is Fantom going to prove a solid investment in the mid-to-long term? And is now the best time to consider adding FTM to your portfolio? In the following Fantom price predictions for 2025 and 2030, we’ll weigh up some of the project’s key features to help you decide for yourself if it looks like a good investment.
Fantom - An Overview
Fantom was set up in 2018 and developed by the Fantom Foundation. Its initial remit was to develop the cryptocurrency of the future - ie, one that was suited to smart cities and the Internet of Things.
The Fantom mainnet went live in December 2019, but it was the end of 2020 that many of its core features were fully up-and-running - so Fantom is very much a newcomer to the DeFi scene.
More recently, the project seems to have shifted its focus to DeFi and claims it can effectively solve the blockchain trilemma by providing a scalable, secure and decentralised platform capable of processing transactions at a much faster rate than many of its peers - or so it claims. However, the company website makes it clear that it intends its platform to be able to support everything from property transactions to the transfer of medical records.
According to the developers behind Fantom, its strengths lie in its modular architecture, which in addition to providing high-speed transaction rates, also offers a huge amount of versatility when it comes to building blockchains for digital assets. In addition, the project claims its leaderless proof-of-stake protocol provides a high level of security.
Fantom relies on the Lachesis aBFT, which allows the platform to process transactions asynchronously at much higher speeds than older blockchains - it also allows Fantom to offer much lower fees than some other smart networks.
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A Word On Lachesis
Anyone who has researched Fantom will probably be aware that the team behind the project touts its Lachesis aBFT consensus algorithm as its secret weapon. Of course, an in-depth explanations of its inner workings are well beyond the scope of this article, but it’s worth noting some of the advantages of this protocol
Lachesis is said to be highly scalable thanks to the way that it utilises nodes around the world in a permissionless, open environment, to provide true decentralization. However, Lachesis differs from other Byzantine Fault Tolerant systems in that it is asynchronous and can confirm transactions at a much faster rate than many other systems, such as Ethereum or Bitcoin, as it requires fewer confirmations.
In terms of Fantom’s architecture, Lachesis represents the consensus layer and can effectively be connected to any distributed ledger. It is what drives Fantom’s Opera mainnet deployment, which itself uses the Ethereum Virtual Machine (EVM) and so is compatible with Ethereum.
Lachesis is part of the modular approach that makes Fantom so flexible. Developers can easily leverage its speed and security for their own projects and can even port existing Ethereum-based applications onto the Fantom Opera mainnet.
The Fantom Team
From its inception, the Fantom project has benefitted from a strong team of developers - not least its founder Ahn Byung Yik. Ahn holds a PhD in computer engineering and has held positions with some of South Korea’s most prestigious tech firms. He has also founded numerous successful startups.
However, fast forward to 2021 and Ahn is no longer affiliated with the project. But there is another big name associated with Fantom: Andre Cronje, who is himself the developer of the Yearn finance protocol. Cronje was a key part of the early development team and played a key part in setting up the peer-reviewed distributed ledger technologies used by Fantom.
In addition to Cronje, the current Fantom team is headed by Michael Kong, who has an extensive background in the world of cryptocurrency and digital finance. The rest of the team is made up of engineers, scientists and researchers and industry experts.
Whilst a strong team is no guarantee that Fantom will be a good investment, it is certainly not a bad thing and names like Andre Cronje, who has a proven track record in the industry, tend to be good for investor confidence.
What Is FTM Used For?
FTM is Fantom’s native utility token, which powers the ecosystem. FTM can be used for staking, paying fees on the network and also acts as a governance token. In addition to being available as the Fantom mainnet’s native token, FTM is also available as an ERC-20 token and a BEP-2 token, for use on the Ethereum and Binance ecosystems respectively.
Fantom has a fairly sophisticated staking structure that allows users to swap between the different iterations of the FTM token. The inner mechanics of the staking system are well beyond the scope of this article, but suffice to say it is a potentially lucrative environment and is already proving popular, with the total value locked on the Fantom blockchain now said to be in excess of $657m.
FTM is also now listed on several reputable exchanges and it seems to be proving a popular option for investors looking to gain exposure to the latest DeFi projects.
Looking at Fantom’s Price History
FTM hit the market in 2018 but it seemed that there was little interest early on, despite the project’s potential. The highest token price achieved that year equated to around $0.02 and things were in decline going into December.
Fantom fared little better in 2019, with prices often dipping below $0.01 and no significant price runs. However, it should be remembered that the Fantom project was very much still in development at this point and its full range of features was not yet live on the mainnet.
In 2020 there was s small bull, with the price of FTM reaching $0.05 in August. However, it was 2021 when things started to pick up. Fantom’s first major price run of the year saw the token hit $0.65 in February - marking an increase of just under 6400% on the same period the year before.
The next two months were fairly chaotic for FTM, with prices bouncing between $0.30 and $0.50 until May saw another impressive bull, with prices reaching a then-record high of $0.81 before a market-wide downswing saw Fantom sinking back down to $0.17 in July.
However, the last days of August saw the start of a remarkable FTM price run that saw the token reach an all-time high of $1.92 on the 9th of September - following growth of almost 600% in just four weeks. On October 28th Fantom reached its current all-time high of $3.48.
Naturally, the price run has turned investors’ heads and could well see Fantom established as a major player in the world of smart blockchains. At the time of writing, the price of FTM stood at $2.10.
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Is Fantom Really An Ethereum Killer?
It seems that any time a new smart blockchain emerges, it is quickly labelled an ‘Ethereum Killer’. However, following FTM’s remarkable price run in September many cryptocurrency investors are wondering whether Fantom could be the network to finally topple the world’s number two blockchain.
So how do the two blockchain’s measure up? Well, if the developers are to be believed, Fantom has the edge when it comes to scalability and transaction speeds. It has also benefited from collaborations with blockchain projects like Raviton, Chainlink and Band Protocol in recent months.
However, it’s worth remembering that FTM is powered by Lachesis, which itself is built on Ethereum’s blockchain. What’s more, whereas the industry may be touting Fantom as an Ethereum Killer, the platform itself has styled itself as more of an ‘Ethereum Helper.’
According to the project website, Fantom is perfectly placed to “transfer some of the load off Ethereum” onto its own high-performance network. It also points out that the world of decentralised finance is not a zero-sum game and, in actual fact, “moving in the same direction and aiming for a common goal is a win-win solution for everyone.”
However, the Fantom website acknowledges that whilst Ethereum 2.0 may be in the works, its own network is ready no and at this point is the more viable scaling solution.
So Fantom may not be an Etheruem Killer after all and its ethos of working with Vitalik Buterin’s project could be a positive note for those considering investing in FTM.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom Price Predictions for 2025
Fantom certainly has the technical credentials to be a major force in the blockchain world - but can we expect this to convert to a solid price performance in the coming years? To get a better idea of what the future may hold for FTM, it’s worth hearing from a few industry analysts.
DigitalCoinPrice is predicting that Fantom (FTM) will see slow but sustained growth over the coming years. After a short downturn in 2022, the platform expects FTM to hit $3.33 in 2023 and break the $4 barrier in 2024. By 2025 Fantom could reach up to $5.12, which would represent a growth of almost 145% on today’s price.
Meanwhile, WalletInvestor is making more bullish predictions for Fantom’s price movement over the coming years. According to its own technical analysis, Fantom (FTM) will reach a potential high of $4.94 in 2022, before going past $5 early on in 2023. By 2025, WalletInvestor believes that Fantom could be worth upwards of $14.95 per token.
Finally, TradingBeasts has put forward a more reserved Fantom price prediction for the next five years. Its forecast sees FTM reaching around $2.55 by the end of 2022 and continuing an upward trend throughout much of 2023, peaking at a potential of $3.05 in December. Early 2024 could see FTM reach $3.22 before things start to cool slightly, with Fantom expected to be worth around $4 come 2025.
How Much Will Fantom be Worth in Five Years?
Based on Fantom projections from CoinLiker, the FTM coin price is expected to rise significantly in the coming years, trading at $3.85 in 2023 and $3.5 in December 2025.
According to the Fantom price prediction offered by crypto Investors, Fantom is set to rise to $2.54 in 2022, to soar all the way to $6.5 by December 2025.
Looking Further Ahead: Fantom Price Predictions for 2030
Despite the cryptocurrency market being driven by technology that changes almost month by month, long term price predictions are a useful way of gauging current market sentiment towards a particular project.
DigitalCoinPrice remains optimistic in its Fantom price prediction over the longer term. It sees FTM soaring past the $4 mark in 2026 and by 2028 it expects the Fantom token to reach a potential high of $8.36, which would put it well on track to hit $10 by 2030.
Elsewhere, PricePrediction.net has offered its own Fantom price prediction for 2030. It sees FTM growing fairly steady over the next few years. Having reached $6.40 as early as 2025, the forecast website expects FTM to then break the $10-barrier just 2 years later, reaching a potential high of $15.97. By 2030, it has been forecasted that Fantom will reach an average price of just over $40 per token.
A cryptocurrency research firm by the name of Crypto Research Report is calling for Fantom (FTM) to reach $15 by 2025, and $55 by 2030.
Of course, this is all guesswork and shouldn’t form the basis of an investment strategy, but it certainly suggests that industry analysts are taking the Fantom project seriously.
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Conclusion: Should You Invest In Fantom?
Whilst there are several smart chains on the market now, it would appear as though Fantom could carve out a place for itself. Whether it ever competes with the likes of Cardano or Ethereum remains to be seen, but it certainly has some impressive credentials and a fresh approach to scalability.
It also bodes well for the project that its developers see it working in conjunction with Ethereum, rather than in competition with it. This would suggest that the team is seeking to focus on interoperability and emphasise the modular approach to DeFi.
When it comes to future price predictions for Fantom, most analysts we encountered are optimistic, predicting sustained growth over the next five to ten years. Of course, nothing is guaranteed, but it will certainly be a welcome sign for those investing in FTM.
All things considered, Fantom is possibly a higher risk investment when compared to some of the bigger smart chain projects out there, but it would appear that it is nonetheless poised for growth. As such, now could be a good time to consider adding FTM to your portfolio.
Where To Buy Fantom Cryptocurrency
If you’re yet to invest in Fantom cryptocurrency then you might be wondering how to get started. The good news is that cryptocurrency is one of the most accessible assets to invest in and there are numerous online brokers offering crypto trading online.
We recommend eToro for most users, as the platform has an excellent reputation in the industry as well as offering an award-winning trading platform that's suitable for novice traders and the more experienced investor.
Opening an account takes just a few minutes and you’ll find the eToro website has plenty of information on trading in the cryptocurrency market.
eToro – The Best Platform To Buy Fantom
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
What is Fantom?
Fantom is a relative newcomer to the cryptocurrency scene, with its full features only operational at the end of 2020. However, the platform has already established itself as a credible smart chain and one that promises to solve existing issues relating to transaction speed and scalability.
Is Fantom an Ethereum Killer?
Fantom hadn’t existed long before it was lauded as a potential Ethereum Killer. However, according to the platform’s website, Fantom is actually seeking to work with Ethereum to ‘lessen the load’ on the original smart chain.
How much will Fantom be worth in 2025?
It seems that big things are expected of Fantom in the coming years, with most analysts’ predictions pointing towards sustained growth. WalletInvestor, for example, believes that Fantom’s native token, FTM, could be worth over $14.95 by 2025.
Fantom better than Cardano?
Cardano is one of the most advanced blockchain projects in existence, so it's difficult to see how Fantom is actually a better platform. However, both projects clearly value academic research and both have featured peer-reviewed approaches to research and development.
Is 2022 a good time to invest in Fantom?
Most major cryptocurrencies have been experiencing good fortunes in the latter half of 2021, so investors will need to decide whether they think recent growth is temporary or whether things will continue on an upward trend. Fantom has certainly been higher than it is at the time of writing, so whether you choose to invest in FTM in 2022 will depend on your appetite for risk.
What are Fantom price predictions for 2030?
There aren’t many Fantom price predictions for 2030 kicking around, given that long-term forecasts are notoriously difficult when it comes to cryptocurrency. However, we found several favourable predictions, not least at PricePrediction.net, which believes that FTM could reach $40 per token by 2030.
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