Trader Reveals Enormous Price Objective for Ethereum Competitor Claims Memecoins Captivate Individual Investors
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Trader Reveals Enormous Price Objective for Ethereum Competitor Claims Memecoins Captivate Individual Investors

An Ethereum competitor that is flying under the radar is expected to reach a significant price target, according to a well-known crypto strategist. The pseudonymous trader, Rager, who has a large following on the social media platform X, expressed his bullishness on the layer-1 protocol Fantom (FTM). Rager shared a chart indicating that FTM could reach his price target of $3.31 by April. He believes that this target is practical for the next six months and that FTM could potentially reach even higher levels if it successfully transitions to Sonic, a high-throughput layer-1 chain connected to Ethereum. Rager also discussed the rise of meme tokens as a gateway for retail investors to enter the crypto market. He predicts that well-known memecoins like PEPE, POPCAT, and BONGO will thrive in the coming year. In terms of Bitcoin, Rager expects one more shallow correction to $66,000 before it surges to new all-time highs. At the time of writing, Bitcoin is trading at $68,196. Please note that the opinions expressed in this article are not investment advice and investors should conduct their own research before making any high-risk investments.

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