A popular crypto analyst is predicting big things for Fantom (FTM), an Ethereum rival. He believes the upcoming migration to Sonic could send FTM prices soaring.
Fantom’s Sonic Migration: A Bullish Catalyst
The analyst, known as Rager, believes that Fantom’s move to Sonic, a new blockchain designed to scale the network, could be a major catalyst for growth. He expects the migration to push FTM to revisit its all-time high levels, which would mean a significant increase in price.
“Fantom’s current market cap is around $2 billion, but it could easily reach $10-$11 billion if it takes over other coins in the market,” said Rager. “With the Sonic migration, I think FTM could hit its all-time high again, or even higher.”
Fantom Could Mirror Solana’s Explosive Growth
Rager also sees a potential for Fantom to follow a similar path as Solana (SOL), which saw a massive price surge earlier this year.
“We saw Solana jump from $20 to $200, a 10x increase,” said Rager. “I think Fantom could do something similar, reaching $3 to $4 or even higher.”
A Good Time to Buy?
Rager believes that FTM is currently undervalued, and that any price below $1 is a good entry point. He expects a significant catch-up rally in the coming months.
“The Sonic migration is a huge deal for Fantom,” said Rager. “I think this is a great opportunity for investors to get in on the ground floor.”
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before investing in cryptocurrencies. /p>
