Altcoins
Crypto Trader Says Artificial Intelligence (AI) Altcoins Will Rally in the Coming Months – Here are His Top Picks
A popular crypto trader believes that artificial intelligence (AI) altcoins are poised to perform well in the latter part of this year, despite underperforming over the past two weeks.
The pseudonymous analyst known as Altcoin Sherpa tell his 216,800 followers on the social media platform look decentralized graphics processing unit (GPU) rendering blockchain (RNDR), AI and machine learning platform Fetch.ai (FET), the Arweave decentralized data storage protocol (AR) and the decentralized information processing protocol RSS3 (RSS3).
“The game right now is just about being patient, evolving towards the ones you like and waiting. We’ve seen a notable pullback on many of them and I think there should be some decent buying opportunities in the coming weeks. I myself am optimistic about this sector.
Altcoin Sherpa is also feeling somewhat bullish on Echelon Prime (PRIME), a web3 ecosystem that aims to advance the next generation of games.
“PRIME is a play that everyone loves and a good game for the current cycle.
We have seen a strong pullback and I personally view the area between $15 and $11 as a good place to accumulate value if you like this project. I probably won’t buy but I’ll watch. Many good TAs (technical analysis) converge there, however, with the key Fibonacci levels of 0.50 and 0.618 + 200-day exponential moving average (EMA).
Source: Altcoin Sherpa/X
PRIME is trading at $16.70 at the time of writing.
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