This Ethereum (ETH) Challenger Is 'Late to the Market,' but Crypto Strategist Rager Believes It Will Hit His Massive Price Target This Cycle

Pseudonymous trader Rager tells his 199,100 followers on the social media platform X that he's bullish on layer-1 protocol Fantom (FTM).

Crypto strategist Rager is known for his bold price predictions and now has his sights set on one Ethereum (ETH) challenger.

Rager, a pseudonymous trader with 199,100 followers on X, is keeping an eye on layer-1 protocol Fantom (FTM).

Rager posted a chart on X suggesting that FTM will hit his price target of $3.31 by April.

“Late to the market?

People who say that aren’t looking at the FTM chart.

And yes, in my opinion, this is a practical target for the next six months.”

The altcoin is currently trading at $0.71, which means a potential price increase of over 366% if it reaches Rager’s target.

According to Rager, FTM could even reach higher levels if the project manages to integrate into Sonic smoothly.

“Practical target – not top or bottom if SONIC migration can go well.”

Sonic is a high-throughput layer-1 chain with a native layer-2 chain that connects to Ethereum.

“The Sonic chain will be a layer-1 platform that connects to Ethereum via a bespoke layer-2 bridge, allowing Sonic to tap into vast amounts of liquidity, users, and protocols. This allows the network to combine the low cost, scalability, and speed of a layer-1 with the security of a layer-2 bridge for access to native ETH and other assets on Ethereum. As a result, the Sonic chain isn’t just an L1 or L2 – it’s the first chain of its kind to provide the best of both.”

Rager also has his sights set on memecoins, which he believes are now a gateway for retail investors to enter the crypto market.

“My thesis for memes is what attracts retail.

Many memes have limited upside because there needs to be a larger audience outside of crypto to be attracted to it.

Retail will want well-known memes.

Memecoins like PEPE, POPCAT and BONGO will thrive over the next year because of this.

It’s only beginning.”

Finally, Rager predicts that BTC will experience one more shallow correction to $66,000 before reaching new all-time highs.

“BTC can go higher and would certainly be looking to buy on a pullback before higher.”

Bitcoin is currently trading at $68,196 at the time of writing.

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