Fantom continues to surprise investors in the crypto market. Apparently, there are sometimes bearish trends. However, its attempt to break through certain price levels is very significant. Hence, there was a recent price prediction with credits to Cryptopolitan. Their recent predictions were a bullish one. Note that whatever in this content isn’t financial advice.
Fantom Keeps Pushing Despite Bearish Pressure
- According to the latest analysis regarding Fantom price, it is kind of experiencing massive bullish pressure. However, the general price prediction for the long term shows a lot of things will be going well for the cryptocurrency. Apparently, the Relative Strength Index (RSI)-14 trend line is the major indicator pointing out the decline in the price of Fantom. So, there was a formation of bearish pressure near $0.39.
- Consequently, this could make the price of this token experience some corrections before any breakthrough. In fact, the data around the 72 level shows that bears currently control the market. Nevertheless, if there’s any form of bounce back from this token, it could help in the upcoming bull rally. However, everything depends on whether the Bulls can make a comeback. If they do, there’s a chance of a massive price increase of more than 1000%.
New Product Sonic Could Help Propel the Price of this Token
- There was a launch of a new product and service within the Fantom ecosystem. Apparently, the team behind this project, named Fantom Foundation, made the announcement on Twitter (now X). So, Andre Cronje, co-founder of Fantom, introduced a significant upgrade called “Sonic.” This crypto project has a massive goal behind the launch of this product. So, their goal is mainly to modernize blockchain technology. Apparently, there are many issues with many blockchains. The issue of speed and the cost of transactions is one of the major issues plaguing many. Hence, this new project with the name Sonic promises a 65-fold speed increase for Fantom. The launch of this project ensures that both retailers and institutional bodies access the blockchain at the same speed.
Fantom Price Prediction 2023-2032 Shows Positive Outlook
- Fantom Price Prediction for 2023 to 2032 is quite intriguing. Apparently, there are chances of the token growing to a maximum price of $0.4453 and a minimum value of $0.3917. Furthermore, in 2024, Fantom should reach a minimum price of $0.6179. Over to 2025, there are expectations of reaching $0.9002. Furthermore, 2026 and 2027 mean this token should reach at least $1.79. Before 2032, analysts are expecting more than a 100% Increase. Hence, the price of this token should be within the $12.27 range.
Conclusion
Fantom is a crypto project facing a lot of issues in the market. Nevertheless, this token is still pushing through with some bullish trends every now and then. In the latest price prediction from Cryptopolitan, there are chances of this token increasing to massive percentages in the near future. Apparently, predictions show as much as a 1,000% increase for this token to reach $12.27.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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