Crypto analyst Wisdom Matic has recently shared some realistic price targets for Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM). According to the analyst, these coins are expected to reach certain price levels during the current bull run, although the exact timing of these milestones remains unspecified.
Bitcoin, Dogwifhat, And Fantom: Price Targets Revealed
In a recent post, Wisdom Matic predicted that Bitcoin would hit $80,000, Dogwifhat would reach $7, and Fantom would reach $2. These price targets were deemed realistic compared to other projections, offering a more optimistic outlook for these particular cryptocurrencies. However, it was not clarified whether these targets indicated the market top for these coins or simply represented prices expected to be achieved in the near future.
Market Experts’ Predictions Align with Wisdom Matic’s Targets
Market experts anticipate that Wisdom Matic’s predictions are likely short-term targets. For instance, both Standard Chartered and Bernstein have forecasted that Bitcoin could surpass $100,000 in the ongoing bull run. Notably, Standard Chartered even suggested that BTC could reach this milestone before the upcoming US elections on November 5. Additionally, they speculated that Bitcoin might climb to $150,000 by the end of the year if Donald Trump secures victory in the election.
On the other hand, Bernstein analysts projected that Bitcoin could surge to as high as $90,000 in the event of a Trump victory, with expectations of the flagship cryptocurrency surpassing $100,000 before reaching its peak. Meanwhile, Markus Thielen, founder of 10x Research, predicted that Bitcoin could rally to $75,000 by late October as it surpasses its current all-time high of $73,000.
Given Bitcoin’s historical performance of recording double-digit gains in October, achieving a new all-time high this month seems plausible. Hence, a repetition of these gains could potentially propel the BTC price above $70,000 and pave the way for a new record high.
Bullish Outlook for Altcoins
Dogwifhat and Fantom are also poised for significant growth, given their optimistic outlooks. Dogwifhat, being the leading meme coin in the Solana ecosystem, tends to follow SOL’s movements and is expected to rise alongside SOL’s surge.
Solana’s favorable fundamentals further support the anticipated price increase. Various bullish developments, such as the upcoming launch of Solana Seeker mobile and the interest from institutions like Franklin Templeton and Citibank in adopting the Solana network for tokenized offerings, suggest a positive trajectory for SOL. Wisdom Matic has predicted that SOL could reach $350, marking a new all-time high.
Similarly, Fantom’s outlook remains bullish due to its fundamental enhancements. The transition to Sonic, scheduled for November or December this year, will make Fantom EVM-compatible, enabling seamless integration of decentralized applications (dApps) from other EVM chains onto the network. Andre Cronje, co-founder of Sonic, hinted at potential decentralized finance (DeFi) initiatives for the Sonic ecosystem, which could boost FTM adoption among DeFi users and positively impact the coin’s price.
Featured image created with Dall.E, chart from Tradingview.com