• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

Trader Says Ethereum Rival One of His ‘Highest Conviction’ Trades, Forecasts Major Catch-Up on Bullish Catalyst

n70products by n70products
September 30, 2024
in Altcoin
0
Trader Says Ethereum Rival One of His ‘Highest Conviction’ Trades, Forecasts Major Catch-Up on Bullish Catalyst
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A intently adopted analyst believes that one Ethereum (ETH) challenger is gearing as much as spark large rallies and play catch-up with different high-flying crypto belongings.

In a video replace, pseudonymous analyst Rager tells his 197,800 followers on the social media platform X that Fantom (FTM) is one among his highest conviction trades for the approaching yr.

Rager says Fantom’s upcoming migration to Sonic might push the altcoin to revisit all-time excessive ranges.

“In the event you simply have a look at the Fantom chart, you’re going to have an concept of how excessive this could go. All-time excessive shut [is] round $3.30, $3.50 because the all-time excessive. That solely places it at round $10-$11 billion market cap. 

Presently, Fantom is sitting round not even $2 billion market cap at $0.70. When you might have L1s, L2s and quite a lot of different cash on the whole… I see Fantom or Sonic taking on these, and naturally, that will put it across the prime 20…

I do assume it might hit all-time highs once more or greater for the actual fact of the Sonic migration is admittedly bullish general for the token. Proper now, the place it’s sitting at, is a extremely good place.”

Sonic is Fantom’s next-generation blockchain that may “scale the community to unprecedented heights” and may course of 2,000 transactions per second. The brand new know-how may even reduce storage necessities by as much as 90%, based on the mission.

Fantom’s migration to Sonic is reportedly slated for This fall of this yr however the precise date continues to be unknown.

Rager goes on to say that he thinks Fantom has the potential to reflect Solana’s (SOL) parabolic rally witnessed from September 2023 to March of this yr.

“I believe that something below a greenback, at present with the chart, is an effective factor for Fantom. I believe that there’s a significant hole and a significant catch-up that may occur over a time frame.

We noticed Solana have simply have this main rip from $20 to $200 – 10x. And so can we see one thing related with FTM? Yeah… I do assume it’s going to hit over $3 to $4 or rather a lot greater.”

At time of writing, FTM is buying and selling for $0.67.

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Test Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers 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 you could incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate internet marketing.

Generated Picture: Midjourney





Source link

Tags: BullishCatalystCatchUpConvictionEthereumForecastsHighestMajorRivalTraderTrades
Previous Post

Over $20B at risk if Bitcoin hits $72K: Massive short squeeze looms!

Next Post

Announcing the Client Incentive Program

Next Post
Announcing the Client Incentive Program

Announcing the Client Incentive Program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Tether CEO Paolo Ardoino Actively Working With US Lawmakers To Shape Stablecoin Laws: Report

Tether CEO Paolo Ardoino Actively Working With US Lawmakers To Shape Stablecoin Laws: Report

February 17, 2025
Analyst Says XRP Primed To Hit Price Last Seen Over Six Years Ago, Predicts Old Altcoins Reaching Record Highs

Analyst Says XRP Primed To Hit Price Last Seen Over Six Years Ago, Predicts Old Altcoins Reaching Record Highs

December 9, 2024
Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible

Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible

April 4, 2025

Recents

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

June 1, 2025
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version