Currently, the Toncoin Fear & Greed Index stands at 70, which means that investors’ sentiment is in the so-called Greed zone. The current Toncoin sentiment is bullish according to our technical analysis. To get a better idea of what could happen to the Toncoin price in the future, it’s helpful to also explore Toncoin’s price history. Based on today’s classical pivot point (P1) with the value of $ 6.37, Toncoin has support levels of $ 6.18, $ 6.08, and the strongest at $ 5.88. While today’s gain for FTM is sizable, it’s a mere blip versus the 60% drop from an all-time high of $3.47 achieved in October 2021. As such, many will argue that while Fantom puts the pieces in place to solve the blockchain trilemma, it fails to do so in this regard.

Fantom Price Chart (FTM)

The ecosystem boasts thousands of active daily users and over 200 decentralized applications deployed on Fantom, ranging from decentralized exchanges, decentralized finance, and even GameFi. According to our Toncoin price prediction, TON is forecasted to trade within a price range of $ 6.37 and $ 9.48 this week. Toncoin will increase by 48.72% and reach $ 9.48 by May 27, 2024 if it reaches the higher value target. Geist finance also rewards stakers through the staking and locking incentive program. GEIST token holders who simply commit their assets to the staking contract or lock their assets for a period of time (usually three months) will receive rewards in GEIST according to the prevailing APR.

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• An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.
• The asynchronous Byzantine Fault Tolerant consensus algorithm also allows an unlimited number of nodes to be added to the network.
• FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
• Supported assets include ETH, FTM, AVAX, MATIC, CRV, USDT, and several other crypto assets.
• Since then, the Fantom Foundation has assured market participants of continued development and growth, and FTM’s price has somewhat recovered.
• Toncoin will increase by 48.72% and reach $ 9.48 by May 27, 2024 if it reaches the higher value target.

The Toncoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Toncoin projections, TON will be changing hands at $ 9.48 on May 27, 2024, gaining 48.72% in the process. At the time of writing, about $45 million worth of assets are locked on the Geist finance contract. At the time of writing, over $85 worth of crypto assets are currently locked on Beethoven X. Despite earlier struggles with network congestion, Solana has shown its resilience and capability. A recent upgrade initiated by the Solana Foundation and its developers has solidified its reliability.

What is Toncoin’s price prediction today?

The BEETS token is used in the Beethoven DAO to vote on improvement proposals and also powers the platform’s incentive programs. BEETS can be traded on Beethoven X DEX, SpookySwap, SpiritSwap, BKEX, and several other exchanges. Projects that offer financial services through applications built on the blockchain are utilizing Fantom’s technology and we’ll now take a look at some of these projects. Third-party and completely native applications on the Fantom blockchain will strive to add value to the Fantom Ecosystem by integrating the FTM coin into their core functionality. Integrations like this will allow FTM holders to enjoy some benefits while using the application. This adds value to the Fantom ecosystem as the platform and the utility it offers, creates more demand for the FTM coin and improve the financial structure of the ecosystem.

Long-term Toncoin price prediction for 2025, 2026, 2027, 2028, 2029 and 2030

• In May of the same year, FTM price climbed above $0.90, but the major growth spurt came in October when it set an all-time high price of $3.48.
• With a strong focus on partnerships and collaboration, we push the frontiers of blockchain technology.
• However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Toncoin or not.
• This in itself sets Fantom apart from many, if not most other blockchain projects.
• Meanwhile, a falling 200-day SMA shows that TON has been trending downwards over the long term.

With Lachesis providing a leaderless, permissionless consensus at extremely fast speeds, Fantom can advertise scale, security, and decentralization all on a single layer 1 platform. This in itself sets how to buy ftm Fantom apart from many, if not most other blockchain projects. The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

While the TVL of Fantom has significantly decreased since its highs in 2022, we are currently in a bear market. Looking at DefiLlama, Fantom is in the top five chains by the number of protocols, suggesting that there is interest in the community to build on the chain. Moreover, features like the ones listed above, such as gas monetization and gas subsidies, along with the ecosystem vault and the FVM, will further entice https://www.tokenexus.com/ projects to build on Fantom. Geist provides a platform for asset owners to commit their dormant assets to a lending contract and allow borrowers to assume custody of these assets for a specified period. To borrow an asset, the borrower locks collateral to the contract and claims custody of the asset for the stated period. Beethoven also offers incentives through liquidity farming and single-side staking programs.

Fantom achieves this by lowering the burn rate for transactions from these applications by 75% and routing this percentage to the project’s bursary wallet. In addition to the distributed ledger, Fantom blockchain operates a state machine that transforms it into a computing platform. The state machine translates code bits into instructions that the network can understand and execute. The Fantom network, by the virtue of this machine, can be used to build decentralized applications. Fantom is a distributed ledger network, where participants in the network decide on what data gets added to the network through a consensus algorithm.

Staking rewards depend on the yield percentage offered by the platform, and rewards are usually paid out in other tokens and not FTM. On November 28, 2022, Andre Cronje’s medium publication gave an insight on the economic condition of the Fantom foundation. His report showcases a net profit and the relative financial stability of the smart contract project. In his publication, he maintained that the project has enough funds to stay in business for the next 30 years.

What is the current Toncoin sentiment?

Fantom is a popular cryptocurrency that has seen plenty of hype with the smart contract and DeFi boom of 2021. As such, it is available across many of the world’s top cryptocurrency exchanges. A portion of the FTM supply is reserved for staking rewards, while the FTM token is present across several blockchains. Thanks to its compatibility with Ethereum, ERC-20 standard FTM tokens are present on the Ethereum blockchain, and BEP2 FTM tokens exist on the Binance Chain as well. However, the Foundation has announced that it will launch a governance smart contract. This will allow validators and token holders to determine the direction of Fantom and approve changes to the underlying consensus via hard and soft forks.