A well-known crypto analyst has expressed optimism about one Ethereum (ETH) competitor that saw a significant surge of up to 43% last week.

The pseudonymous trader Altcoin Sherpa, who has a following of 216,300 on the social media platform X, believes that Fantom (FTM) will experience further gains in the coming months. He predicts that FTM will reach around $1 before any pullback and could climb even higher in the next six months, citing upcoming upgrades and pivots. At the time of writing, FTM is valued at $0.856.

Regarding the native token of the decentralized oracle network Chainlink (LINK), the analyst suggests that the altcoin is poised for a breakout rally if it can surpass the $16 mark, potentially reaching $20. However, he personally would not buy LINK at its current price of $16.53.

The memecoin dogwifhat (WIF) is also on the analyst's radar, as he believes it is approaching a potential bounce level of $2.30. He had previously thought that WIF would break past its range high but was mistaken. The analyst also mentions a potential bounce around $1.80. At the time of writing, WIF is trading at $2.54.

Finally, the analyst has his eye on the native token of the Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP). According to Altcoin Sherpa, JUP appears to be in the process of forming a bottom and could experience a gradual upward trend.