Fantom (FTM) is a unique blockchain platform designed to overcome the limitations of traditional systems through speed, security, and scalability. Leveraging its innovative Lachesis Protocol and Ethereum-compatible Opera Chain, Fantom offers a novel solution to the blockchain trilemma. However, the journey of FTM has seen several ups and downs, including a significant setback due to the Multichain hack. This article aims to provide a comprehensive overview of Fantom and delve into the future of FTM, covering price predictions from 2023 to 2030. From fundamental analysis to technical projections, we will explore various factors that could influence FTM’s trajectory in the coming years.
What we are going to learn?
What is Fantom?
Fantom is a decentralized, open-source, and permissionless smart-contract platform built on a consensus protocol called Lachesis. It provides faster, cheaper transactions with high security, and is compatible with Ethereum Virtual Machine (EVM), allowing for easy smart contract creation and deployment. It can process thousands of transactions per second, achieves transaction finality in about one second, and offers absolute finality, meaning completed transactions can’t be reverted. It also allows multiple blockchains to operate independently while communicating with each other, each with their own custom tokens and governance rules.
FTM is the native token of the Fantom network, used for securing the network through a Proof-of-Stake system, facilitating payments due to fast transaction times and low fees, and serving as the token for on-chain governance and network fees. The total supply is 3.175 billion, with 2.8 billion in circulation and the rest reserved for staking rewards. FTM can be bought on major exchanges and stored and staked in Fantom’s fWallet.
Fantom (FTM) price prediction for 2023 presents an optimistic trajectory, indicating a potential recovery from its current bearish phase. Presently, FTM is trading at $0.24, significantly below its all-time high (ATH) of $3.46, a drop largely attributed to market fluctuations and the recent Multichain hack. Yet, as we look forward into 2023, predictions suggest a potential recovery. Starting from July, FTM’s value is expected to climb, reaching up to $0.35. Despite a small anticipated dip in October, the trend continues positively, with the price potentially hitting $0.61 by December. This forecast indicates a promising turn for FTM, encouraging for its investors.$FTM #LUNCDream #CryptoWorldbyINQ2
