Is Fantom (FTM) A Good Buy?

Last Updated February 1st 2022

6 Min Read

Is Fantom a good buy in 2022?

Well, Fantom has recorded significant growth throughout the year, and its recent price action says that the altcoin is ready for an upward price run, which convinces experts and investors that FTM is a good buy. At the moment, the altcoin is aggressively angling towards a bull run, and most analysts are confident that FTM would have already confirmed the rally were it not for the indecisive BTC price action.

Fantom threw itself into 2021 with nothing more than just a revolutionary blockchain technology and the promise of solving the blockchain trilemma of decentralization, scalability, and security. It was lowly priced and hugely unpopular such that not even the surprise market-wide rally earlier in the year could help it reach parity with the dollar (USD).

But the rapid value gain it posted in the first 5 months of 2021 earned it investor/trader interest and media attention. Then the market crashed, and Fantom prices plummeted below $0.1.

During this time, investors and the crypto market, in general, took time to understand the Fantom blockchain while the Fantom Foundation collaborated with different parties. In late July, the altcoin’s prices and daily trade volume started revving up and eventually crossed the $1 mark - for the first time ever - on 4th September.

Barely two months later, Fantom has shuttered one price record after another and seems determined to prove its worth as the most potent single-layered blockchain in the race to solve the Trilema challenge.

Furthermore, social media sentiments, technical/fundamental indicators, and crypto experts all agree that FTM prices will continue rising in the foreseeable future.

Does this, then, mean that you should start buying Fantom today?

Let us answer this and tell you everything else you need to know about FTM investing below.

So, Should You Buy Fantom (FTM)?

Yes, because when you are an investor, you only want to add crypto assets with real potential for future growth to your portfolio, and Fantom tops the list of the most promising crypto investments today. And we can qualify this claim by looking at two factors.

For starters, Fantom has performed exemplarily well in the past. It has an overall ROI of 14,400%+, and yearly, Fantom prices jumped from $0.017 to $2.10 - implying that you would have grown your portfolio by more than 12,250% if you bought FTM at the beginning of 2021.

Secondly, every indicator points to a bullish Fantom future. The market expects FTM to sustain the current positive uptrend and push its value towards unimaginable heights. Within the next 5 years, for instance, technical analysis by CryptocurrencyPricePrediction indicates that FTM’s value will have appreciated by 1,800% to reach $41. By the end of 2030, this analysis expects FTM prices to break above $100, growing current FTM investments by more than 5,500%.

Other factors that convince investors and experts that Fantom is a valuable addition to any crypto enthusiast’s portfolio include the fact that it is highly liquid. It is also registered with virtually all the popular crypto exchanges. Additionally, the Fantom community is growing, and analysts expect the network to continue onboarding more enthusiasts, especially when the DeFi and NFT niches eventually explode.

Don't Miss: What Is Fantom? Should You Invest In FTM And Where To Buy It?

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Why Is Fantom (FTM) So Popular Now?

There is no denying that Fantom is now a crypto favourite for most crypto investors and traders. And you only need to look at its recent price action, its burgeoning social media following, the number of collaborations and partnerships it has entered into in the last 12 months, and the level of media coverage it has been receiving to see the impact Fantom has on the industry.

From the numerous reasons that both investors and crypto analysts have pointed out as the key drivers of this popularity, we have singled out three factors that we believe have fueled Fantom’s newly-found favour with the crypto industry.

Innovative consensus algorithm: Fantom attracted huge attention to itself when it claimed that it had solved the Blockchain industry’s biggest challenge - the scalability Trilemma - while operating a single-layered blockchain. It received a lot of media coverage, and some individuals even referred to it as the ultimate ‘Ethereum Killer,’ placing its innovative technology ahead of the likes of Solana and Cardano.
Highly attractive ROI: After growing its value by more than 14,400% in an year, Fantom was bound to arouse every crypto trader/investor’s attention. This has then ignited FOMO around the altcoin as more traders buy in the coin in fear of missing out when FTM prices finally break into a rally.
Involvement with DeFi and NFTs: More than solving the scalability trilemma, Fantom has come up with a smart-contract blockchain that is more developer-friendly, faster, and less costly than Ethereum. This has positioned it as the best platform for hosting decentralized programs and protocols as well as NFT projects. Most recently, Fantom partnered with Formula 1 driver Pierre Gasly to drop the first F1 driver NFTs, a move that has further fueled its media coverage.

Read Also: Why Fantom Is Going To Explode

How Much Is Fantom (FTM) Worth Today?

At the time of writing, Fantom is trading around $2.10. Its value is up by more than 16% in the month-to-date and has been ranging between $1.81 and $3.36 for the last 30 days. Its market cap currently stands at $5 Billion and is ranked 29th on CoinMarketCap’s list of most valuable cryptocurrencies.

We must add there that most of the factors responsible for its surging popularity have also played a critical role in its value growth. Nevertheless, the two factors that have had the greatest impact on Fantom token prices and direction throughout the year have to be the overall bullish crypto market trend and FOMO, birthed of Fantom’s popularity and fast-paced value gain.

Will Fantom (FTM) Reach $10 In 2022?

It is possible for FTM token prices to reach $10 by the end of 2022, but it is highly unlikely that it will get there, especially if Bitcoin sustains its indecisive price action. We have already said that crypto market performance (and Bitcoin by extension) has played the biggest role in influencing FTM’s price action and direction.

To see why Fantom may not break above $10 by year-end, we have to consider the fact that Bitcoin stormed into the last quarter of 2021 with a bullish rally that culminated with the attainment of an all-time high of $68k in November, according to CoinMarketCap.

The crypto market took the cue, and four days later, FTM set its newest all-time high yet. But while everybody expected BTC to sustain the uptrend and set aim for a price above $100k, the legacy digital currency tumbled and dropped back to trade around $38k.

Having considered this, most analysts are now convinced that Fantom will most likely reach $10 in 2022, depending on how fast Bitcoin rebounds. Technical analysis by CryptocurrencyPricePrediction, for instance, indicates that FTM prices will possibly reach $9.51 in December 2022.

Check out: Fantom Price Prediction For 2025 And 2030

Conclusion: Is Fantom (FTM) A Good Buy?

Well, going by the altcoin’s past price action, its growing popularity and investor interest, as well as the bullish indicators about its current price action, Fantom can be said to be a good buy. Crypto experts have even indicated that it could reach $10 in the next few years and proceed to break above $100 by the turn of the decade.

If this analysis plays out as expected, its investors will reap maximally. But before you succumb to FOMO, we advise you to complement our findings in this post with your own analysis of the coin’s future.