Crypto analyst Altcoin Sherpa is optimistic about the future of Fantom (FTM), an Ethereum competitor that saw a 43% surge last week. Altcoin Sherpa believes FTM will continue to rally and reach around $1 before any potential pullback, with even higher prices in the next six months due to interesting upgrades and pivots. Currently, FTM is valued at $0.856.
Altcoin Sherpa also has positive outlooks on other altcoins. They suggest that Chainlink (LINK) has the potential to experience a breakout rally and reach $20 if it can surpass the $16 mark. However, Altcoin Sherpa personally wouldn’t buy LINK at its current price of $16.53.
The analyst also mentions dogwifhat (WIF), a memecoin that is approaching a potential bounce level around $2.30. They believe it could also tap the $1.80 range before bouncing back. Currently, WIF is valued at $2.54.
Lastly, Altcoin Sherpa highlights Jupiter (JUP), the native asset of the Solana-based decentralized exchange aggregator. They predict that JUP is currently forming a short-term bottom and expects a slow grind up in the future. At present, JUP is trading at $1.18.
Overall, Altcoin Sherpa remains bullish on these altcoins and sees potential for further rallies and positive price movements in the coming months.