Key Takeaways:
- The FTM price closed the previous day’s trade at $1.31 with a market capitalization of $3.45 billion and a circulating supply of 2.55B FTM
- FTM price after the severe crash is still unable to sustain the trembled situation as the descending trend continues further
- No doubt the asset may attempt to flip from the bearish divergence, but without a huge influx of buyers, the flip may remain only for some moments
Fantom Price Prediction: Will FTM Price Hit $25 in 2022?
Fantom price displayed a very gigantic rally in the past couple of quarters where-in the asset was able to form a new ATH. The price began its bull run amid the 2021 bull market but gained huge user attention during the uptrend in Q4 2021. The asset slashed miserably just before the end of 2021, yet gained a huge bullish momentum quickly with the beginning of 2022. Further, it went on to form a new ATH in just a couple of weeks, but woefully, all the gains currently stand nullified.
The price is expected to maintain a slow, consolidated rally throughout Q2 2022 and utilize all its resources to gain levels above $2 and sustain. However, the second half is expected to be quite flourishing and hence a notable uptrend could be ignited. As the asset does not take much time to hit highs, it may quickly surge high to test the ATH. However, it may face rejection again after forming a new ATH just above the current one.
Maintaining the same pace the FTM price may test $4 or $4.5 by the end of 2022. Or if an extended bull rally ignites similar to Q4 2021 or Q1 2022, then the probability of the asset rising above $5 is high which may reach $6 by the end of the year. Else if the bears get into action then the asset could plunge hard to its initial levels but may sustain hard above $2 to $2.5.
Additional Read: FTM Technical Analysis
Fantom Price Analysis: How High Will FTM Crypto Price Go in March 2022?
The FTM price has yet again broken the trend line and currently appears may not regain the positions soon. Currently, the bears have outspread within the space and hence no notable recovery may be expected. Previously, despite a huge slash, the asset had maintained the trend line firmly and also the price flipped strongly on hitting these levels. However, currently, the price sliced through the trend line and continues to march towards the south.
The price is very close to the lower support at $1.12 but currently, it has halted the downtrend for a while as the buyers have jumped in. Yet the volume is negligible and hence one cannot expect a trend reversal. Therefore, after a small pause, the descending trend may continue which may eventually hit the strong support zones between $1.13 and $1. Here is when it may flip but igniting an uptrend is currently not pretty sure. Therefore the asset may remain bearish throughout this month and wait for the right opportunity to flip from the bearish trend.
Additional Read: Top Crypto News Today, 8 March 2022.
Fantom Price Analysis: FTM Price Table (Last 30 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
| 07 March 2022 | $1.47 | $1.29 | $3.45B |
| 06 March 2022 | $1.71 | $1.38 | $3.61B |
| 05 March 2022 | $1.70 | $1.60 | $4.28B |
| 04 March 2022 | $1.88 | $1.63 | $4.43B |
| 03 March 2022 | $2.01 | $1.81 | $4.72B |
| 02 March 2022 | $2.07 | $1.77 | $5.06B |
| 01 March 2022 | $1.95 | $1.77 | $4.65B |
| 28 February 2022 | $1.79 | $1.54 | $4.38B |
| 27 February 2022 | $1.82 | $1.56 | $4.19B |
| 26 February 2022 | $1.82 | $1.65 | $4.39B |
| 25 February 2022 | $1.72 | $1.46 | $4.11B |
| 24 February 2022 | $1.58 | $1.29 | $3.57B |
| 23 February 2022 | $1.73 | $1.56 | $4.23B |
| 22 February 2022 | $1.61 | $1.47 | $3.99B |
| 21 February 2022 | $1.80 | $1.52 | $4.29B |
| 20 February 2022 | $1.87 | $1.67 | $4.43B |
| 19 February 2022 | $1.91 | $1.80 | $4.75B |
| 18 February 2022 | $1.97 | $1.84 | $4.78B |
| 17 February 2022 | $2.14 | $1.87 | $5.0B |
| 16 February 2022 | $2.11 | $2.0 | $5.13B |
| 15 February 2022 | $2.10 | $1.91 | $5.22B |
| 14 February 2022 | $1.96 | $1.81 | $4.88B |
| 13 February 2022 | $1.98 | $1.88 | $4.83B |
| 12 February 2022 | $1.99 | $1.87 | $5.03B |
| 11 February 2022 | $2.17 | $1.91 | $5.38B |
| 10 February 2022 | $2.26 | $2.08 | $5.61B |
| 09 February 2022 | $2.29 | $2.13 | $5.72B |
| 08 February 2022 | $2.40 | $2.15 | $5.59B |
| 07 February 2022 | $2.38 | $2.11 | $5.94B |
| 06 February 2022 | $2.17 | $2.03 | $5.29B |
| 05 February 2022 | $2.2 | $2.06 | $5.35B |
| 04 February 2022 | $2.13 | $1.92 | $5.30B |
| 03 February 2022 | $1.96 | $1.86 | $4.48B |
| 02 February 2022 | $2.10 | $1.90 | $5.10B |
Fantom Price Prediction: FTM Price Trend Comparison with ALGO and AVAX (Last 30 Days)
Fantom is a popular Layer-1 blockchain that is mainly designed to solve the scalability problem along with being decentralized, secure and scalable. The networks working as layer-1 implement either PoW, PoS, or Sharding mechanisms. Alogrand(ALGO) and Avalanche(AVAX) are also layer-1 blockchains along with Solana, Ethereum, etc. Fantom showcased a much stronger rally than the other two but due to the recent plunge, the trend depleted drastically.
Source: Tradingview
As seen in the above-mentioned chart, FTM price maintained a strong rally since the beginning of 2022 which went on to hit the ATH above $3.35. The price immediately dropped drastically and maintained a significant descending trend since then. Despite a lowered trend, Fantom price maintained a strong rally compared to ALGO and AVAX. At the press time, Algorand is 55.64% below the average price while Fantom and Avalanche are 39.57% and 36.45% respectively.
Correlation of FTM/USDT and FTM/BTC (Last 30 Days)
Source: Tradingview
Both the trading pairs have been swinging hand-in-hand since the beginning with not much difference. However, the BTC trading pair like many other crypto assets is maintaining an upper hand. Interestingly, the drop also was much similar and the recovery also had an equal intensity. At the press time, the FTM/USDT pair is 36.76% below the average levels while the FTM/BTC pair is just 15.48% away.
Additional Read: How will DeFi reshape the future of Finance?
Fantom Price Prediction 2022: Latest FTM coin News in February-March 2022
Fantom Price Slashes Hard As Andre Announces His Exit
Andre Cronje and Anton Nell, early developers of Fantom blockchain, announced their exit from the DeFi space. Moreover, they also announced the closure of more than 25 dApps, which impacted the FTM price to a large extent. However, the Fantom platform clarified that many miscommunications are spreading around Andre’s decision and Fantom blockchain is working very fine. Moreover, many more upgrades are scheduled later this year.
Source: Twitter
Fantom Yield Closes Pre-Seed Round
Fantom yields recently planned to position itself as the most strong, secure and scalable, FTM-based yield farming. The features include yield farming, cross-chain bridge functionality. Creating nodes by staking $FTMY (Fantom Yield), Creating Nodes and Trading.
Source: GlobeNewswire
Where & How to Buy Fantom FTM coin
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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
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