Price Prediction: In the last 24 Hours, the Fantom Price has Risen by 5.2%

Updated: 23 January 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Digital assets and smart contracts form the basis of Fantom, a platform for developing and deploying dApps. With tools and components, you can create dApps quickly, securely, and at a low cost.

The FTM coin’s appeal partly comes from its role within the Fantom ecosystem. Additionaly, the Fantom PoS network allows for trading and passive income generation. Here are the prices in the short term from our data.

Today’s Fantom (FTM) Price is Up

Today’s Fantom price is $0.4065, with $399,497,965 worth of trading volume in the last 24 hours. Since yesterday, FTM’s price has increased by 5.2%. The circulating supply of FTM coins is 2.5 billion, and the total supply is 3175000000.0. At the moment, Bitrue is the most popular exchange for buying and selling Fantom.

Considering the next five days, our Fantom price prediction anticipates that Fantom will fall by -0.76% come January 28, 2023, reaching $ 0.401304. Our technical indicators indicate Neutral sentiment, while the Fear & Greed Index indicates 50 (Neutral).

Over the last 30 days, Fantom has recorded 20/30 (67%) green days with 21.29% price volatility. Based on our forecast, the Fantom market is an excellent place to buy.

Technical Analysis of the Fantom Price Forecast

As of January 23, 2023, 23 technical analysis indicators indicate bullish signals and nine show bearish signals for Fantom price predictions. Currently, Fantom is trading above the 200-day simple moving average.

BUY signals have been emanating from the 200-day SMA since January 12, 2023.

In the 17 days since January 6, 2023, Fantom’s price has risen above the 50-day SMA, indicating BUY.

By the end of February 2023, Fantom’s 200-day SMA will reach $ 0.288541, according to our technical indicators. Fantom’s short-term 50-Day SMA is expected to reach $ 0.418361 by February 22, 2023.

Why Does Fantom Stand Out?

As a cryptocurrency dedicated to supporting dApp development, Fantom stands out from the crowd. FTM tokens have value, but their main purpose is to reward validators and facilitate transactions.

Fans can combine their modules with sharing information and speed development thanks to Fantom’s rich ecosystem of tools. Decentralization and interoperability are at the core of Fantom’s platform.

Openness is also a priority for Fantom. Github, for instance, offers open-source licensing for the platform’s source code. Anyone can create their building blocks using Fantom code and APIs.

Fantom operates with an open participation model. Nodes on the Opera blockchain are available to anyone.

This requires 3.175 million FTM stakes, but you can still participate. The only thing you need to do to earn rewards is to delegate FTMs to validator nodes. Fantom (FTM) solves the trilemma of scalability, security, and decentralization by overriding Ethereum‘s limitations.

A recent governance proposal bringing gas monetization to successful dApps is expected to spike FTM to previous highs in 2023. By monetizing the volume of transactions generated by their dApps, #Fantom’s ecosystem of builders will gain a new revenue stream.

By doing so, they can attract top developer talent, ensuring the network’s sustainability and health

What are the Short-term Prospects for Fantom in 2023?

In 2023, Fantom is forecast to be Neutral based on multiple technical and quantitative indicators. Based on this development, it might be a good time to buy Fantom in 2023. Nevertheless, when deciding whether to buy Fantom, you must consider both fundamental and technical factors (price history).