Another interesting thing about Fantom (FTM), a fast blockchain platform, is that it has a unique way of making it possible to grow. The price of FTM, on the other hand, has been volatile like the rest of the coin market. As 2024 ends, can FTM get past the problems it’s facing now and meet new price standards in 2025? Let’s know about “Fantom (FTM) Price Prediction- Eyes Major Milestone for Potential Breakthrough.
Fantom (FTM): Can It Overcome Hurdles and Reach New Heights in 2024 and 2025?
FTM’s Current Standing: Navigating a Competitive Landscape
Just now, on April 14, 2024, FTM is trading for about $0.23. The all-time high price was $3.48 in November 2021. This price is not even close to that. And even though things are slowing down, the Fantom network keeps growing.
When compared to traditional Proof-of-Work blockchains like Bitcoin, Fantom’s main benefit is its Directed Acyclic Graph (DAG) technology, which lets transactions happen faster and costs less. Smart contract systems like Ethereum are already well-known, but this technology could make Fantom a threat to them.
Many other fast blockchains are also trying to get a piece of the DeFi (Decentralised Finance) business, though, so Fantom has to deal with competition. The Fantom community has also had problems with scalability, which makes people worry about how well it will handle a sudden increase in network activity.
Analyst Predictions: A Speculative Outlook for FTM’s Price Trajectory
This makes it naturally hard to guess how much a coin will cost. What some experts think will happen with FTM is shown below:
- TradingBeasts: The price of FTM could go up to about $0.32 by the end of 2024, according to Tradingbeasts their prediction model. It would then go up more slowly to $0.48 by the end of 2025.
- Wallet Investor presents a more bullish prediction: There is a more optimistic forecast from Wallet Investor. To hit $0.58 by December 2024 and $1.23 by December 2025, their prediction is that FTM will keep going up.
Factors Influencing FTM’s Price Performance in 2024 and 2025
In the next few years, FTM’s price performance will likely be affected by a number of things. Important things to think about are listed below:
- Overall Market Conditions: FTM will be affected by the health of the cryptocurrency market as a whole much more than other markets. FTM’s price could go up if the market is positive, but it could go down if the market is bearish.
- Growth and adoption of the ecosystem: The usefulness and demand for FTM will be directly affected by the success of DeFi projects and dApps created on the Fantom network. Pricing is expected to go up as more people use it.
- Addressing Scalability Challenges: Fantom’s team needs to solve scale problems correctly to keep users’ trust and network performance high. For FTM to have a lot of growth, these problems need to be solved.
Also Read: How much will Ethereum be worth if Bitcoin hits $100,000?
FTM: A High-Potential Platform with Hurdles to Clear
In the blockchain space, FTM is a strong competitor thanks to its cutting-edge technology. Competition and problems with scaling, on the other hand, are still making it hard for your prices to go up.
Any progress FTM makes in getting past these problems and gaining more users will determine its future. There could be a big price increase in FTM in the next few years if the Fantom network can live up to its claims of speed, security, and scalability. I hope you get all information about “Fantom (FTM) Price Prediction- Eyes Major Milestone for Potential Breakthrough.
Disclaimer: Read this piece with the understanding that it is not financial advice. If you want to buy in FTM or any other cryptocurrency, please do your own thorough research first. Bear in mind that cryptocurrencies are inherently risky, and what happened in the past does not always mean what will happen in the future. This is just a guess; the real price of FTM could move in a very different way.
