Fantom Price Predictions For End Of 2022

Fantom is one of the fastest and biggest platforms for decentralized applications (dApps). The price for Fantom at the time of writing this article was IDR 3,444.54.

The platform has speed that comes from a unique verification system known as Lachesis and even provides tools that make integration easy with existing dApps.

This is why FTM has become the symbol of choice for crypto asset investors, even though the price has fallen from previous highs. However, Fantom might be the symbol you are looking for if you want to diversify your portfolio, here is the Fantom (FTM) price forecast for late 2022.

Get to know Phantom (FTM)

FTM is an open source, permissionless, open source smart contract platform for distributed applications (dApps) and digital assets. The Fantom blockchain mainnet was first launched in December 2019.

Its network architecture was designed with scalability, security and decentralization in mind. FTM Network uses an independent authentication layer called Lachesis.

The FTM Foundation released this agreement and it is called the Lachesis Protocol. The aim of creating Lachesis was to secure several other levels, the first being a smart contract system compatible with Fantom's EVM known as Opera.

Phantom Price Prediction

With changing market conditions in 2021, expect the end of 2022 to be another golden year for the coin. To see exactly what the experts have to say about Fantom's price, we'll go over some predictions.

According to analysis Wallet Investors, by the end of 2022, the Fantom price could reach a value of 2.13 USD, while at the end of 2022, on December 31, the price could increase to 3.02 USD.

DLikewise, according to forecasts, the minimum FTM price for the end of 2022 is estimated at US$1.43, while the maximum price is estimated at US$1.70.

FTM reached its highest growth rate in 2021. However, that did not discourage investors from investing in this rapidly growing infrastructure during 2022.

According to data from various crypto asset forecasting sites, the FTM token price may average $2.50 in the next 12 months. This policy makes Fantom a solid brand where you can diversify your portfolio investation.

It is important to note that when you buy some FTM coins, you can invest in crypto to increase your profits. 

Also read: 5 Crypto Recommendations for Investment in 2022

Updates Affecting FTM Prices

Several developments support Fantom's profit growth in 2021. In particular, in May 2021, many services appeared as part of the Fantom ecosystem. The first is SpiritSwap and SpookySwap, sponsored by the Fantom Foundation.

In addition, many protocols have appeared in the Fantom ecosystem, such as Geist Finance, Scream, Reaper Farm, RoboVault and others.

In 2021, FTM also began to cooperate with many services from various sectors, such as Coti (payments), Suterusu (privacy), V-ID (identification), Travala (travel) and many other companies.

Then, at the end of August 2021, the Fantom Foundation announced an incentive program with a value of 370 million FTM. Back when the price of 1 FTM reached one US dollar, the program was worth about US$370 million.

It is clear that this project has contributed a lot to the DeFi industry. According to Old DeFi, Fantom has a total locked value (TVL) of US$6.49 billion as of March 16, 2022.

Also read: Tips for Learning Crypto Investment for Big Profits!

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