Fantom (FTM) reaching a price of $14 during the altcoin season requires ideal market conditions and effective project strategies. Based on analysis and history, this prediction is based on the following factors:
1. Sonic Project Performance
If Sonic can attract large projects and increase their adoption of decentralized applications (DeFi, NFTs), it may increase the demand for the token.
Technical improvements such as lowering costs and increasing transaction speeds support the increase in market value.
2. Altcoin Season
During the altcoin season, some coins achieve significant increases of up to 10 times their previous value. If scenarios similar to 2021 or 2017 are repeated, FTM could reach high numbers.
3. Market Dominance and Trading Volume
With the decline in Bitcoin dominance and the increase in trading volumes, altcoin prices could rise to record levels. The increase in Fantom trading volume in recent months indicates future potential.
4. Fantom History
FTM has seen significant increases in the past. At the peak of the 2021 bull market, it rose from less than $1 to $3.46. A repeat of a similar rally would require larger project and market shifts.
Obstacles that could hinder reaching $14
The need for significant global adoption.
Intense competition from other altcoins such as Solana and Avalanche.
General market volatility, including major Bitcoin moves.
Optimistic scenario
If Sonic succeeds in achieving widespread adoption and the market shifts in favor of altcoins, with significant institutional investment inflows, the coin could reach $14, but it would remain a very ambitious target and would depend on the overall market and project movements over 2024-2025.