Published
1 year ago on
June 14, 2022
Okay, we said these cryptocurrencies could make you a millionaire overnight. What we haven’t said is exactly which night. Although it’s unlikely to happen tonight, both of these projects have the potential to become a moonshot if and when the stars align. Here’s why:
Fantom (FTM)
Fantom (FTM) is an open-source blockchain. It’s highly scalable, secure, and, most importantly, cross-chain compatible with the Ethereum network. Additionally, the platform incorporates industry-leading oracles such as Chainlink and Band Protocol making these essential DeFi tools easier to use for developers.
What gives FTM the potential to be a millionaire-maker is that, unlike most other Layer 1 blockchains, Fantom gives users the ability to create their own private or public ledgers rather than working on a central ledger.
Also, Fantom is far faster and far less expensive than Ethereum. The fact that it’s cross-chain compatible means developers can seamlessly integrate Ethereum smart contracts without paying the high gas fees. Because of this, the platform has a good chance of catching up with Ethereum's top competitors such as Cardano and Solana.
With the price of $FTM currently less than one quarter, this asset has a potentially gargantuan upside. If the price can reclaim and break through the fifty-cent ceiling, traders should see the coin reach $1, providing a 400% return on investment this year. Fibonacci extensions beyond that level suggest eventual price targets in the range of $4 to $5 producing returns in the range of 1,000% to 2,000%. With a current all-time high of $3.30 these prices are not inconceivable.
