The pseudonymous analyst Rager predicts that Fantom (FTM), an Ethereum competitor, is primed for significant rallies and potential catch-up with other high-performing cryptocurrencies. Rager believes that Fantom's upcoming migration to Sonic, its next-generation blockchain, could push the altcoin to reach or surpass its previous all-time high levels. He suggests that the migration will be bullish for the token and that Fantom has the potential to replicate the parabolic rally experienced by Solana (SOL) from September 2023 to March of this year. Currently trading at $0.67, Fantom's migration to Sonic is scheduled for the fourth quarter of this year, but the exact date is unknown.
- Content Editor ( dailyhodl.com )
- 2024-09-30
Trader Says Ethereum Rival One of His ‘Highest Conviction’ Trades, Forecasts Major Catch-Up on Bullish Catalyst