Categories: Bitcoin Latest News

Bitcoin To $80,000, Dogwifhat To $7, And Fantom To $1? Analyst Shares ‘Realistic Targets’

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. 

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. 

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. 

[#item_full_content]NewsBTCRead More
AddThis Website Tools

Recent Posts

Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows

Bitcoin’s available coins for trading have dropped sharply. That change could push prices higher if…

15 minutes ago

Bitcoin’s 50-Day Average Hits Record High, but There’s a Catch

The widely tracked 50-day simple moving average of bitcoin's BTC price is giving off mixed…

1 hour ago

Investment Advisors Become Top Holders of Spot Bitcoin ETFs, Ether ETF Demand Rises

There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment…

1 hour ago

The Last Bitcoin Cycle? Swan Says History’s Turning

Bitcoin is drifting just above $105,000 on June 5, its lowest realized volatility in almost…

1 hour ago

Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC

On-chain data shows the large Bitcoin investors have added to their holdings in the past…

4 hours ago

$63 Billion in Bitcoin Scooped Up by New Whales, Is $135K Still in Play?

Bitcoin is so far facing a notable pullback in price, with its price now down…

6 hours ago