Compass Investments

– Bull Trigger Predicts Big Backlash – The Daily Hodl

An closely watched analyst believes one Ethereum (ETH) challenger is poised to spark a major rally and catch up with other crypto assets on the cusp of growth.

In a video update, pseudonymous analyst Lager told 197,800 subscribers on social media platform X that Fantom (FTM) is one of the most attractive trades in the coming year.

Lager believes that Fantom’s move to Sonic could push the altcoin back to all-time highs.

It’s enough to look at Fantom’s chart to see how high it could go. The closing high is around $3.30, and $3.50 is the all-time high. That means the market value of the token is around $10-11 billion.

Sonic Migration tends to be a bullish trend for tokens, so I think it could hit all-time highs or even higher again. Right now, at this level, it’s in a very good place.

Sonic is Fantom’s next-generation blockchain that “scales the network to unprecedented heights” and can process 2,000 transactions per second. According to the project, the new technology will also reduce storage requirements by up to 90% .

The Fantom transition to Sonic is reportedly scheduled for Q4 of this year, but the exact date is not yet known.

Mr. Reiger also says that he believes Fantom will be able to replicate the parabolic growth that Solana (SOL) experienced from September 2023 to March of this year.

On the current chart, anything below $1 will be good for Phantom. Anything below $1 will be good for Phantom.