Altcoin Sherpa, a well-known crypto strategist, has cautioned that Fantom (FTM), an Ethereum challenger that has already dropped by 65% this year, could experience further sell-offs if it loses its immediate support at $0.15. Altcoin Sherpa believes that FTM is overvalued and underused compared to its competitors. He also predicts that Ethereum's value will continue to decline against Bitcoin (ETH/BTC) until it reaches support at 0.053 BTC, which is approximately $1,454. Altcoin Sherpa expects the altcoin markets to rally once ETH/BTC reaches its downside target.
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Crypto Strategist Warns Ethereum Rival Fantom Could See More Sell-Offs if Immediate Support is Lost
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