Bitcoin To $80,000, Dogwifhat To $7, And Fantom To $1? Analyst Shares ‘Realistic Targets’
01 Ottobre 2024 - 10:30AM
NEWSBTC
Crypto analyst Wisdom Matic has shared realistic price targets for
Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM). The analyst
suggested that these coins would reach these price levels in this
bull run, although he didn’t state when exactly it would
happen. Bitcoin, Dogwifhat, And Fantom To Reach These Price
Targets Wisdom Matic predicted in an X post that Bitcoin would
reach $80,000, Dogwifhat would reach $7, and Fantom would reach $2.
He claimed these were realistic targets compared to other
predictions, providing a more bullish outlook for these coins.
However, the analyst failed to state whether these price targets
represented the market top for these coins or were prices he
expected these coins to reach soon enough. Related Reading:
XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks
Occurs However, based on market experts’ predictions, Wisdom
Matic’s predictions will likely be short-term targets. Experts like
Standard Chartered and Bernstein have predicted that Bitcoin could
at least reach $100,000 in this bull run. Interestingly, Standard
Chartered predicted that BTC could reach this price level even
before the US elections on November 5. Meanwhile, they added that
Bitcoin could reach $150,000 by year-end if Donald Trump wins the
election. Bernstein analysts predicted that Bitcoin could
rise to as high as $90,000 if Trump wins, although they still see
the flagship rising above $100,000 before the market peaks.
Meanwhile, in a recent market update, 10x Research founder Markus
Thielen predicted that Bitcoin could rise to $75,000 by late
October as it breaks its current all-time high (ATH) of
$73,000. Bitcoin’s rise to a new ATH this month is also
supported by the fact that the flagship crypto usually records
double-digit gains in October. Therefore, a repeat of these
double-digit gains would easily send the BTC price above $70,000
and on its way to a new ATH. The Altcoins Also Boast Bullish
Outlooks Dogwifhat and Fantom can undoubtedly reach Wisdom Matic’s
price targets, as they both boast bullish outlooks. As the foremost
meme coin in the Solana ecosystem, Dogwifhat moves alongside SOL
and is bound to rise as SOL surges. Related Reading: Shiba
Inu Price Could Jump 200% To $0.00006 In October, Here’s Why
Solana’s fundamentals are currently bullish, which supports the
price rise. Some of these bullish fundamentals include the plan to
launch the Solana Seeker mobile next year. Meanwhile, institutions
like Franklin Templeton and Citibank want to adopt the Solana
network for their tokenized offerings. Wisdom Matic predicted that
SOL will reach $350, representing a new ATH for the coin.
Fantom’s outlook is also bullish because of its fundamentals.
Fantom is set to transition to Sonic sometime in November or
December of this year. Sonic will be EVM-compatible, ensuring that
decentralized applications (dApps) on other EVM chains can be
integrated onto the network. Andre Cronje, Sonic’s co-founder has
also hinted at potential decentralized finance (DeFi) plans for the
Sonic ecosystem, which is also bullish for the FTM price as it
could aid the coin’s adoption among DeFi users. Featured
image created with Dall.E, chart from Tradingview.com
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