Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million (2024)

Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million (1)

Joel Frank

Last updated: | 3 min read

Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million (2)

As the Fantom (FTM) price climbs to new monthly highs, investors are asking whether it might be too late to buy Fantom.

Last at $0.8744, FTM is up 35% in the past seven days according to CoinMarketCap.

A seemingly sudden shift in the SEC’s position on Ethereum ETFs has injected positive momentum into market this week.

Fidelity, Vaneck, Invesco, Ark 21Shares and Franklin all filed amended 19B-4 applications on Tuesday.

That comes one day after rumors emerged that the SEC might approve spot Ethereum ETFs as soon as this week.

That helped launch FTM nearly as high as $1.0 on Monday, with the price having since dropped around 5%.

While not in as much focus this week, macro is also more of a tailwind these days.

US jobs and CPI inflation data this month helped bolster bets for Fed rate cuts this year. Tomorrow’s Fed minutes release shouldn’t threaten that narrative too much.

When financial markets move to price in easier financial conditions, this tends to bolster crypto.

And high-beta altcoins like Fantom are especially sensitive to changes in financial conditions.

Fantom also recently kickstarted an exciting upgrade to integrate its innovative Sonic technology.

🖥️ Introducing: Opera Upgrade Dashboard!

Starting today, validators on Opera are upgrading their nodes to be powered by our innovative Sonic tech.

Follow the real-time progress of the upgrade using our new dashboard 👇https://t.co/GAobwXWRHJ pic.twitter.com/oYFRu4vhu6

— Fantom Foundation (@FantomFDN) May 14, 2024

The outlook in crypto markets seems tilted towards more near-term upside.

So is it too late to buy Fantom?

Is It Too Late to Buy Fantom?


Well, investors jumping in now will have missed the bottom of the recent price dip by a large margin.

But that doesn’t mean its too late to buy Fantom.

FTM remains nearly 30% below its 2024 highs. So investors can, at the very least, rest assured that they aren’t buying the market right at its recent peak.

Nor is the Fantom price anywhere near its long-term peak.

FTM briefly surpassed $3.70 in 2021, so it is still trading at a 75% discount versus its record highs.

If FTM can break to the north of its 2021 highs this cycle, investors could still bag 5x gains.

In that sense, it definitely isn’t too late to buy Fantom.

Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million (3)

Fantom Alternative to Consider – Wiener AI (WAI)


The outlook for Fantom is strong this bull market. The Fantom Foundation is pushing to kickstart a meme season on the blockchain.

🏆 Introducing: Meme Season!

With up to 10 MILLION $sFTMx in prizes, the Meme Season competition invites memecoins and holders on #Fantom to compete for the top spots.

📅 Round 1: June 1–30
💰 Prize: Up to 1M $sFTMx

Learn more 👇https://t.co/ovX0swL0sq pic.twitter.com/Ikt5H14KZo

— Fantom Foundation (@FantomFDN) May 21, 2024

If successful, this could accelerate FTM’s appreciation, as seen with Solana.

But, as noted, FTM’s gains this bull market might be limited to as much as 5x.

Those gains are to be sniffed at. But some crypto traders will be targeting much greater upside.

Such traders often flock to the meme coin market hunting for gems.

One potential meme coin gem that analysts at Cryptonews like a lot is Wiener AI (WAI).

The sausage dog-themed coin offers useful AI-powered trading toolsand has already raised over $2.5 million in its presale.

REASONS 1-10:

AI TRADING BOT. WIENER DOGS.

That is all.

🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/DcnEkAZFbQ

— WienerAI (@WienerDogAI) May 21, 2024

WAI is not only a meme coin with AI capabilities but also a potentialpassive income gem.

20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 396% APY, as per the project’sofficial website.

How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq

— WienerAI (@WienerDogAI) May 9, 2024

At this rate, investors can double their initial presale investment in just a few months.

Crypto experts have been lining up to join the Sausage army. Here’s why widely followed crypto analyst Michael Wrubel, who boasts over 312,000 YouTube subscribers, ranks WAI as a top crypto for 2024.

Interested investors need to move quickly, as the WAI price will rise when the presale hits $2.7 million.

At the current price of $0.000709, WAI’s market cap is under $50 million.

If it achieves market leadership, early investors stand to benefit greatly, with a potential for 100x gains or more.

Buy Wiener AI Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million (2024)

FAQs

Is It Too Late to Buy Fantom? FTM Price Climbs as New AI Project Raises $2.2 Million? ›

FTM briefly surpassed $3.70 in 2021, so it is still trading at a 75% discount versus its record highs. If FTM can break to the north of its 2021 highs this cycle, investors could still bag 5x gains. In that sense, it definitely isn't too late to buy Fantom.

Is it a good time to buy Fantom? ›

Our most recent Fantom price forecast indicates that its value will increase by 11.56% and reach $0.896545 by May 26, 2024. Our technical indicators signal about the Neutral Bullish 69% market sentiment on Fantom, while the Fear & Greed Index is displaying a score of 74 (Greed).

What is the price prediction for FTM in 2024? ›

According to our current Fantom price prediction, the price of Fantom is predicted to rise by 1.39% and reach $ 0.833302 by June 23, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 76 (Extreme Greed).

Is Fantom a good project? ›

Fantom is particularly notable due to its recent Sonic network upgrade, morphing it into a high-speed side chain for Ethereum. With the majority of its tokens circulating, it offers a promising investment opportunity.

Why invest in Fantom? ›

One of the unique features of Fantom is its use of so called DAG technology, which offers several advantages over traditional blockchain architectures. With DAG, Fantom enables faster transaction speeds, increased scalability, and improved security.

Is Fantom better than Ethereum? ›

Gas fees are the cost of paying network nodes to conduct transactions and execute smart contracts. Comparingly, Fantom users pay much lower fees than Ethereum due to the network's consensus mechanisms and structure. The protocol has near-zero fees for transactions making it an ideal selection for Dapps users.

Will FTM go up again? ›

FTM's price recovered after a series of hacks. The coin, which supports an ecosystem of decentralized applications, has struggled since it reached an all-time high in October 2021. FTM dropped in April and early May but regained some strength recently. One Fantom price prediction says it can reach $2.25 next year.

How much is 1 FTM worth today? ›

The current price of Fantom is $0.80 per FTM. With a circulating supply of 2,803,634,835.527 FTM, it means that Fantom has a total market cap of $2,237,282,865.12. The amount of Fantom traded has risen by $76,382,541.91 in the last 24 hours, which is a 24.62% increase.

Is FTM limited supply? ›

With a maximum supply of 3.18 billion FTM and a low annual inflation rate of 0.92%, Fantom's economic design attracts attention for its scarcity and demand balance. This year, only 25.44 million FTM tokens were added to the circulation, underscoring its controlled supply strategy.

What is the FTM prediction for April 2024? ›

Our most recent Fantom price forecast indicates that its value will increase by 10.14% and reach $0.851369 by April 24, 2024. The technical indicators signal a bullish market sentiment on Fantom, while the Fear & Greed Index displays a score of 73 (Greed).

What is the best project on Fantom? ›

  1. 5 Best Fantom Projects to Invest In. Fantom has exploded in popularity to become one of the hottest blockchain projects around. ...
  2. SpookySwap (BOO) ...
  3. Scream (SCREAM) ...
  4. SpiritSwap (SPIRIT) ...
  5. Tarot (TAROT) ...
  6. Tomb Finance (TOMB)

Why is Fantom better than Solana? ›

In summary, Fantom excels in security, compatibility with Ethereum, and scalability goals. On the other hand, Solana stands out for its exceptional transaction speed, efficient consensus mechanism, and strong decentralization efforts.

Can FTM reach $100? ›

However, the price of Fantom (FTM) is not expected to reach $100 any time soon.

Is Fantom faster than Ethereum? ›

For example, Ethereum is highly secure due to its decentralization but lacks speed. Fantom has resolved this issue using its asynchornous Byzantine Fault Tolerance (“aBFT”). This in turn increases the speed and throughput of transactions. This is one of the lacking factors in Ethereum.

Will optimism go up? ›

Optimism Overview

Our real-time OP to USD price update shows the current Optimism price as $2.5 USD. Our most recent Optimism price forecast indicates that its value will increase by 11.42% and reach $2.83 by May 22, 2024.

Why is Fantom so popular? ›

The backward compatibility means popular Ethereum-based decentralized applications can easily migrate to Fantom. “Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT).

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