It is possible to invest as little as $10 in Fantom today, and by so doing, you will be diversifying your portfolio into crypto and creating a new income stream.
Over the last year, Fantom has morphed into some sort of a household name in the crypto industry, especially after its per-token price shot up by more than 14,400% during this period.
Therefore, multiple crypto exchanges have already listed it and will let you start investing with as little as $10. Investing in FTM today when it is lowly priced also says that should its value get to $50 in the next few years as predicted by some crypto experts, you will have made a $40 profit ($50-$10=$40).
What Is the Right Amount to Invest In Fantom (FTM)?
There is never a right amount when it comes to investing in Fantom or any other digital currency. You are free to buy FTM tokens with as little as is acceptable by your preferred crypto trading platform or as much as you are comfortable with.
When it comes to determining the maximum you can invest in Fantom, we advise that you take such factors as your risk tolerance, trading experience, investment strategy, and amount of disposable income into account.
But even after putting these into consideration, most crypto experts advise that you maintain your crypto investments within the 5% to 40% range of your entire portfolio. Around 5% for newbie and conservative crypto investors and as much as 40% for the highly experienced and risk-tolerant crypto investors.
How Much Could You Be Worth If You Invested In Fantom (FTM) In 2018?
If you had invested in Fantom (FTM) in October 2018, when the coin was worth just $0.024 per token, you would have nearly made over 8750% return on your money. A $1,000 investment in Nov., 2020 would be worth around $87,500 today.
Can I Buy Fantom (FTM) With $1?
Yes, you can buy Fantom with $1 on such popular exchanges as Binance. This is made possible by the fact that you can fraction-trade the Fantom altcoin, and Binance maintains a $1 minimum trade limit. However, before you can make the $1 purchase on the platform, you will first need to make the minimum initial deposit of $15.
Read Also: Why Is Fantom (FTM) So Cheap?
Can I Buy Fantom (FTM) With $100?
Yes, you can buy Fantom with $100 on virtually any of the crypto trading platforms that list the altcoin. These include crypto exchanges and peer-to-peer trading platforms where you can buy actual FTM Tokens and brokerages that let you trade FTM CFDs and other derivatives.
When choosing a preferred crypto trading platform, you will want to take into account such factors as their onboarding process, the crypto transaction fees, the security of deposits/crypto assets, the platform’s liquidity, and the crypto trading pairs available.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can You Lose Money On Fantom (FTM)?
Yes, it is possible to lose money when investing in such cryptocurrencies as Fantom. Some of the most common ways through which you can lose your Fantom investment include hacking, online scams, Fantom price crash (if you sell the dip), or reckless trading. You may also lose your Fantom investment if you forget the password and recovery seed for the wallet that holds your FTM tokens.
Will Fantom (FTM) Make Me Rich?
Well, Fantom has already made most of its earliest investors rich and is expected to continue making others rich as we head into the future, especially if it performs as predicted by most crypto experts and analysts.
By 2030, for instance, technical analysis by PricePrediction.Net indicates that FTM tokens could reach $100 - a 3700%+ jump from its current price. If this forecast happens, Fantom will help each of its HODLer grow their investment by 37X.
How Much Would I Have If I Invested $1000 In Fantom (FTM)?
At the time of writing, Fantom has an overall ROI of 14,400%, according to CoinMarketCap. This implies that if you had invested $1000 in the altcoin during its launch, this investment would have exploded in the last 4 years to reach $140,000.
What Will Fantom (FTM) Be Worth In 2025?
In truth, no one can tell accurately forecast what Fantom prices will be next month, let alone in 2025. This, however, has not stopped analysts and crypto experts from speculating on its most likely price in 2025. And though they all have rather varied forecasts, they are all confident that FTM token prices will continue rising in the foreseeable future.
Crypto experts at Coinpedia, for instance, are confident that the coin will most likely be trading between $13.58 and $28. A technical analysis report from CryptocurrencyPricePrediction, on the other hand, indicates that Fantom will storm into 2025 trading at $11.67 and end the year valued at $41.96.
Don't Miss: What Will Fantom (FTM) Be Worth In 10 Years?
Is It Smart To Invest In Fantom (FTM)?
Well, Fantom has all the features of a viable long-term investment, which makes it a smart investment. It has proved to be a resilient investment product by surviving the mid-2021 market crash and rising to set a new all-time high less than 5 months later, it has maintained an overall uptrend, has the backing of revolutionary blockchain technology, and its adoption and acceptance by both blockchain-based and off-chain brands are rising.
Can I Buy $500 Worth Of Fantom (FTM)?
Yes, you can buy $500 worth of Fantom tokens today at any of the crypto trading platforms that list this altcoin. To get started, however, most of these will demand that you first create a trading account with them and verify your identity. You then need to deposit the $500 and open a trade. The entire process is quick and straightforward and only takes a few minutes to complete.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How Many Dollars Is 200 Fantom (FTM)?
At the time of writing, Fantom has a per-token value of $2.10, which goes to show that 200 FTM tokens would be worth $420.
Is One Fantom (FTM) Enough To Own?
No, one Fantom may not be enough to own because its value can only reach so high over the next few years. Unlike Bitcoin, whose per-token value is expected to break above $1 million over the next 10 years, the most optimistic forecasts place FTM’s value over the same period at $150.
This makes it an unappealing low-value asset and a poor store of value. You, therefore, will need hundreds of these for them to qualify to be a tangible asset and an enviable store of value.
How Do I Convert Fantom (FTM) To Dollars?
The process of converting Fantom investments to dollars is easy and straightforward. You start by creating a user account with an exchange that lists Fantom or logging back into the platform where you bought these tokens.
If the tokens are in a third-party wallet, deposit them into the exchange account, open a sell order, and set the price. The exchange will connect you with a buyer who is willing to pay for the FTM in dollars. Once received, they will let you transfer them to your bank account, bank card, or other supported withdrawal methods.
Who Owns Most Fantom (FTM)?
According to the FTM token distribution guidelines described in the Fantom whitepaper, 30% of the total Fantom altcoins (3.175 billion tokens) were dedicated to market development, which is one of Fantom Foundation’s main duties. This then implies that Fantom Foundation holds as much as 952.5 million FTM tokens valued at $2 billion (going by FTM’s current trading price).
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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Is Fantom (FTM) Expected To Reach $10 Or More In The Next 5 Years?