A broadly adopted crypto strategist believes one under-the-radar Ethereum (ETH) challenger will hit his large value 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 value 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, this can be 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 value rise if the altcoin reaches Rager’s goal.
Rager notes that FTM can most likely even attain larger ranges if the undertaking witnesses a clean transition to Sonic.
“Sensible goal – not high or backside if SONIC migration can go effectively.”
Sonic is designed to be a high-throughput layer-1 chain with a local layer-2 chain linked to Ethereum.
Explains the undertaking,
“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 enables the community to mix the low price, 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. In consequence, the Sonic chain isn’t simply an L1 or L2 – it’s the primary chain of its sort to offer one of the best of each.”
Taking a look at memecoins, Rager believes that meme tokens now function a gateway for retail buyers 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 another shallow correction to $66,000 earlier than surging to new all-time highs.
“BTC can go larger and will surely be seeking to purchase on a pullback earlier than larger.”
At time of writing, Bitcoin is buying and selling for $68,196.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Price Action
Comply with us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney
