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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-ethereum-competitors-potential-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Ethereum Competitor’s Potential Surge</a><br></p>
<p style="text-align: justify">After recent <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a> about spot Ethereum ETFs, ETH price rose above $3,500, while Bitcoin price surpassed $71,000. As of writing, BTC is above $71,200 and seems to be pulling the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> up with it. In this context, an analyst suggested that one of Ethereum’s competitors might rise, drawing attention to this altcoin.</p>
<h2 id="fantom-ftm-comments">Fantom (FTM) Comments</h2>
<p style="text-align: justify">A closely followed <a href="https://en.coin-turk.com/cryptocurrency-market-analysis-bitcoin-ethereum-and-bnb-coin-technical-insights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> expressed a bullish view on an Ethereum (ETH) competitor that has risen over 35% in the last 7 days, drawing all attention to it.</p>
<p style="text-align: justify">The analyst, known as Altcoin Sherpa, stated to thousands of users on the X social media platform that Fantom (FTM) could experience rallies in the coming period and said:</p>
<blockquote>
 <p>FTM is heading towards $1 before any pullback, and I think it should rise further in the next six months. Interesting upgrades/pivots are coming here, and I have some. This looks strong in the short term.</p>
</blockquote>
<p style="text-align: justify">As of writing, the rise in FTM continued. FTM price rose to $0.9075 after a 5% increase in the last 24 hours, validating the analyst’s prediction.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353765" src="https://coin-turk.com/wp-content/uploads/2024/05/ftm-coin-turk-com.png" alt="" width="1040" height="599"></p>
<h2 id="will-chainlink-link-rise">Will Chainlink (LINK) Rise?</h2>
<p style="text-align: justify">The analyst noted that LINK, the native asset of the decentralized oracle network Chainlink, is in a position to start a breakout rally.</p>
<blockquote>
 <p>I think if LINK can surpass $16, it could rise to $20. I personally wouldn’t buy from here.</p>
</blockquote>
<p style="text-align: justify">As of writing, LINK appeared to have surpassed the $16 mentioned by the analyst. After a 0.05% increase, it was finding buyers at $16.95.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353766" src="https://coin-turk.com/wp-content/uploads/2024/05/link-usdt-coin-turk-com.png" alt="" width="1037" height="449"></p>
<h2 id="analyst-s-view-on-the-4th-meme-coin">Analyst’s View on the 4th Meme Coin</h2>
<p style="text-align: justify">The analyst also examined meme coins. The analyst took a look at the memecoin dogwifhat (WIF), which has a potential bounce area, and made the following statement:</p>
<blockquote>
 <p>WIF: $2.30 should provide a bounce area. I thought it would surpass the high range, but I was definitely wrong. We might also see the wick get stuck around $1.80 again. These should generally be good short-term bounces.</p>
</blockquote>
<p style="text-align: justify">As of writing, WIF was finding buyers at $2.76 after a 6.47% increase in the last 24 hours.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353767" src="https://coin-turk.com/wp-content/uploads/2024/05/wif-usdt-coin-turk-com.png" alt="" width="1035" height="594"></p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-ethereum-competitors-potential-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Ethereum Competitor’s Potential Surge</a></h5>

Analyst Predicts Ethereum Competitor’s Potential Surge

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