Awidelyfollowedcryptostrategistbelievesoneunder-the-radarEthereum(ETH)challengerwillhithismassivepricetargetthiscycle.
PseudonymoustraderRagertellshis199,100followersonthesocialmediaplatformXthathe’sbullishonlayer-1protocolFantom(FTM).
RagersharesachartsuggestingthatFTMwillhithispricetargetof$3.31byaroundApril.
“Latetothemarket?
Peoplewhosaythataren’tlookingattheFTMchart.
Andyes,inmyopinion,thisisapracticaltargetforthenextsixmonths.”
Source:Rager/X
Attimeofwriting,FTMistradingfor$0.71,indicatinganover366%potentialpriceriseifthealtcoinreachesRager’starget.
RagernotesthatFTMcanprobablyevenreachhigherlevelsiftheprojectwitnessesasmoothtransitiontoSonic.
“Practicaltarget–nottoporbottomifSONICmigrationcangowell.”
Sonicisdesignedtobeahigh-throughputlayer-1chainwithanativelayer-2chainlinkedtoEthereum.
Explainstheproject,
“TheSonicchainwillbealayer-1platformthatconnectstoEthereumviaabespokelayer-2bridge,allowingSonictotapintovastamountsofliquidity,users,andprotocols.Thisallowsthenetworktocombinethelowcost,scalability,andspeedofalayer-1withthesecurityofalayer-2bridgeforaccesstonativeETHandotherassetsonEthereum.Asaresult,theSonicchainisn’tjustanL1orL2–it’sthefirstchainofitskindtoprovidethebestofboth.”
Lookingatmemecoins,Ragerbelievesthatmemetokensnowserveasagatewayforretailinvestorstoenterthecryptomarket.
“Mythesisformemesiswhatattractsretail.
Manymemeshavelimitedupsidebecausethereneedstobealargeraudienceoutsideofcryptotobeattractedtoit.
Retailaregoingtowantwell-knownmemes.
MemecoinslikePEPE,POPCATandBONGOwillthriveoverthenextyearbecauseofthis.
It’sonlybeginning.”
AsforBitcoin,RagerpredictsthatBTCwillwitnessonemoreshallowcorrectionto$66,000beforesurgingtonewall-timehighs.
“BTCcangohigherandwouldcertainlybelookingtobuyonapullbackbeforehigher.”
Source:Rager/X
Attimeofwriting,Bitcoinistradingfor$68,196.
GeneratedImage:Midjourney
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