A extensively 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 trying on the FTM chart.
And sure, in my view, 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 in all probability even attain larger ranges if the challenge witnesses a easy transition to Sonic.
“Sensible goal – not high or backside if SONIC migration can go properly.”
Sonic is designed to be a high-throughput layer-1 chain with a local layer-2 chain linked to Ethereum.
Explains the challenge,
“The Sonic chain will likely 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 value, scalability, and pace of a layer-1 with the safety of a layer-2 bridge for entry to native ETH and different belongings on Ethereum. Consequently, the Sonic chain isn’t simply an L1 or L2 – it’s the primary chain of its type to supply the perfect of each.”
Taking a look at 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 drawn to 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 another shallow correction to $66,000 earlier than surging to new all-time highs.
“BTC can go larger and would definitely be seeking to purchase on a pullback earlier than larger.”
At time of writing, Bitcoin is buying and selling for $68,196.
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