Crypto Analyst Predicts 200% Surge for Ethereum Challenger Fantom (FTM)

• Popular crypto analyst Ali Martinez drops predictions for three altcoins – Fantom (FTM), Worldcoin (WLD), and The Sandbox (SAND).

• According to him, Worldcoin could stage an 80 percent rally to hit $6.3 considering its current patterns. 

Renowned crypto analyst Ali Martinez has disclosed to his 37,800 X followers that smart contract platform Fantom (FTM) could be gathering momentum to rub shoulders with the second largest crypto by market cap, Ethereum. According to him, Fantom’s weekly chart is showing the formation of a large bullish reversal pattern. He believes that the execution of this pattern could send the price to a new height last seen in April 2022. This implies that the asset could be heading to $1.60. 

Fantom appears to form a ‘W’ pattern on its weekly chart. If FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!

The asset is currently trading at $0.493203 after surging by 157.20% in the last three months. In the last seven days, Fantom has made an incredible gain of 11% on investment and also has a market cap of $1,383,483,014. However, its 24-hour return is negative as it declines by 2.8%. 

According to a price prediction platform, Fantom could hit a minimum of $0.591843 before the year ends. On average, the asset is expected to hit $0.739804 or proceed to trade at $0.887765 before December 31. For next year, the asset is expected to go as high as $1.38. 

Analyst Drops Prediction on Worldcoin and The Sandbox after Fantom

Martinez also spoke about the future price action of the iris biometric cryptocurrency project Worldcoin (WLD). According to him, Worldcoin is set to enter an 80% rally as it currently trades above the diagonal resistance of a bullish continuation pattern.

Worldcoin shows signs of a breakout from a bull flag on its four-hour chart! If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30.

As of press time, WLD was trading at $3.5 after surging by 96.19% in the last three months. Its weekly return is however negative as it declines by 4%. Worldcoin is currently attempting a recovery as it makes a 2.7% surge in the last 24 hours to send its market cap to $370,774,919. 

A price prediction platform also sided with the $6.3 prediction by Martinez, however, it expects the price to materialize by December 31. 

Finally, the analyst took a look at the blockchain-based gaming ecosystem The Sandbox (SAND). The Sandbox was trading at $0.588697 after surging by 90% in the last three months and 11% in the last seven days. Its market cap is currently “sitting” at $1,244,981,484. 

Martinez believes that the asset is targeting between $0.90 and $1.35 since 23,000 addresses hold 447 million SAND within that range. 

The Sandbox above $0.55 presents a bullish opportunity! With a clear path ahead and no major resistance, SAND could aim higher. The next critical resistance wall is between $0.90 and $1.35, where 23,000 addresses hold 447 million SAND.

A price prediction platform expects The Sandbox to finish the year with a minimum price of $0.706437. On average, the price is expected to be around $0.883046 by December 31.