A broadly adopted crypto strategist believes one under-the-radar Ethereum (ETH) challenger will hit his huge worth goal this cycle.
Pseudonymous dealer Rager tells his 199,100 followers on the social media platform X that he’s bullish on layer-1 protocol Fantom (FTM).
Rager shares a chart suggesting that FTM will hit his worth goal of $3.31 by round April.
“Late to the market?
Individuals who say that aren’t wanting on the FTM chart.
And sure, for my part, it is a sensible goal for the subsequent six months.”
At time of writing, FTM is buying and selling for $0.71, indicating an over 366% potential worth rise if the altcoin reaches Rager’s goal.
Rager notes that FTM can most likely even attain greater ranges if the venture witnesses a easy transition to Sonic.
“Sensible goal – not prime or backside if SONIC migration can go nicely.”
Sonic is designed to be a high-throughput layer-1 chain with a local layer-2 chain linked to Ethereum.
Explains the venture,
“The Sonic chain will probably be a layer-1 platform that connects to Ethereum through a bespoke layer-2 bridge, permitting Sonic to faucet into huge quantities of liquidity, customers, and protocols. This permits the community to mix the low price, scalability, and velocity of a layer-1 with the safety of a layer-2 bridge for entry to native ETH and different property on Ethereum. In consequence, the Sonic chain isn’t simply an L1 or L2 – it’s the primary chain of its type to supply one of the best of each.”
memecoins, Rager believes that meme tokens now function a gateway for retail traders to enter the crypto market.
“My thesis for memes is what attracts retail.
Many memes have restricted upside as a result of there must be a bigger viewers exterior of crypto to be interested in it.
Retail are going to need well-known memes.
Memecoins like PEPE, POPCAT and BONGO will thrive over the subsequent yr due to this.
It’s solely starting.”
As for Bitcoin, Rager predicts that BTC will witness yet one more shallow correction to $66,000 earlier than surging to new all-time highs.
“BTC can go greater and would definitely be seeking to purchase on a pullback earlier than greater.”
At time of writing, Bitcoin is buying and selling for $68,196.
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