A well-known crypto strategist has made a bold price prediction for a rising Ethereum (ETH) competitor and shared insights into the growing appeal of meme-based coins among retail investors.
Fantom’s Potential Surge and the Role of Sonic
In a post on social media platform X, the trader known as Rager expressed optimism for the layer-1 protocol Fantom (FTM). Rager predicts FTM could reach $3.31 by April, a potential 366% increase from its current price of $0.71. This projection is based on careful analysis of FTM’s market performance, signaling a positive outlook for the coming months. He also mentioned that if Fantom transitions to Sonic, an even higher price could be possible.
Sonic is described as a high-throughput layer-1 chain with an integrated layer-2 bridge connected to Ethereum, aiming to provide seamless connectivity and improved security.
Rager also noted the growing trend of memecoins, suggesting that tokens like PEPE, POPCAT, and BONGO are becoming popular entry points for retail investors in the crypto space. He predicts these coins will continue attracting a broader audience beyond traditional crypto enthusiasts in the coming year.
As for Bitcoin, Rager anticipates a minor correction down to $66,000 before a significant rally to new all-time highs. He recommends looking for buying opportunities during these temporary pullbacks to take advantage of Bitcoin’s potential upward momentum. Currently, Bitcoin is trading at $68,196.
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Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/trader-predicts-major-price-surge-for-ethereum-competitor/
