Altcoin
A Crypto Trader Says Artificial Intelligence (AI) Altcoins Will Rise in the Coming Months – Here Are His Top Picks
A popular cryptocurrency trader believes that artificial intelligence (AI)-based altcoins are set to do well in the latter part of this year, despite having underperformed in the last two weeks.
The pseudonymous analyst known as Altcoin Sherpa tells his 216,800 followers on the social media platform X that is watching decentralized graphics processing unit (GPU) rendering blockchain Render (RNDR), artificial intelligence and machine learning platform Fetch.ai (FET), the decentralized data storage protocol Arweave (AR) and the decentralized information processing protocol RSS3 (RSS3).
“The game right now is just to be patient, adapt to the ones you like and wait. We have seen a fair amount of pullback on many of these and I think there should be some good buying opportunities available in the coming weeks. I myself am still optimistic in this area.”
Altcoin Sherpa is also feeling a bit bullish on Echelon Prime (FIRST), a web3 ecosystem that aims to advance the next generation of gaming.
“PRIME is a coin everyone loves and a good play for this current cycle.
We have seen a strong pullback and I personally view the $15-$11 area as a good strong place to accumulate if you like this project. I probably won’t buy it but I will watch. However, a lot of good TA (technical analysis) flows there with the key 0.50 and 0.618 Fibonacci levels + 200 day exponential moving average (EMA).”
Source: Altcoin Sherpa/X
PRIME is trading at $16.70 as of this writing.
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