Crypto analyst Wisdom Matic shared realistic price targets for Bitcoin (BTC), Dogwifehat (WIF)and Fantom (FTM). The analyst suggested that these coins would reach these price levels in this bull run, although he did not specify when exactly this would happen.
Bitcoin, Dogwifhat, and Fantom to Hit These Price Targets
Wisdom Matic predicted in a post for these currencies. However, the analyst did not state whether these target prices represented the top of the market for these coins or what were the prices he expected these coins to reach soon.
Related Reading
However, based on market experts’ predictions, Wisdom Matic’s predictions are likely to be short-term targets. Experts like Standard Chartered and Bernstein predicted that Bitcoin could reach at least $100,000 in this bull run. interesting, Standard Chartered predicted that BTC could reach this price level even before the US elections on November 5th. Meanwhile, they added that Bitcoin could reach $150,000 by the end of the year 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 market peaks. Meanwhile, in a recent market update, the founder of 10x Research Markus Thielen predicted that Bitcoin could rise to $75,000 by the end of October as it breaks its current value all-time high (ATH) of $73,000.
Bitcoin’s rise to a new ATH this month is also supported by the fact that the leading cryptocurrency usually records double-digit gains in October. Therefore, a repeat of these double-digit gains would easily send BTC price above $70,000 and on track for a new ATH.
Altcoins also present optimistic prospects
Dog hat and Ghost could undoubtedly hit Wisdom Matic’s target prices, as both have optimistic outlooks. As the top meme coin in the Solana ecosystem, Dogwifhat moves alongside SOL and is bound to rise as SOL rises.
Related Reading
Solana fundamentals are currently bullish, which supports the price increase. Some of these bullish fundamentals include the Solana Seeker mobile launch plan 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 ready to transition to Sonic sometime in November or December this year. Sonic will be EVM compatible, ensuring that decentralized applications (dApps) on other EVM chains can be integrated into the network. Andre Cronje, co-founder of Sonic, also hinted at potential decentralized finance (DeFi) plans for the Sonic ecosystem, which is also bullish for the price of FTM as it could help with adoption of the currency among DeFi users.
Featured image created with Dall.E, chart from Tradingview.com
