A Crypto Analyst Predicts Major Gains for AI Project and Smart Contract Platforms
A well-known crypto analyst has recently shared insights on the potential price movements of a prominent artificial intelligence (AI) project, as well as updates on two smart contract platforms. Altcoin Sherpa, a trader with a large following on social media platform X, has provided valuable information for investors looking to capitalize on the current market trends.
Fetch.AI (FET) Set to Break Out
Altcoin Sherpa believes that Fetch.AI (FET), a machine learning platform affiliated with the Artificial Superintelligence Alliance, is on the verge of a significant rally. According to the trader’s analysis, FET is poised to reach a price target of around $1.50. As of the latest data, FET is trading at $1.53, representing a notable increase of over 15% in the past 24 hours.
Sui Network (SUI) Shows Consolidation Patterns
Altcoin Sherpa also shared insights on Sui Network (SUI), a layer-1 smart contract platform. The trader noted that SUI’s chart pattern is currently consolidating, indicating a favorable setup for potential buyers. SUI is currently trading at $1.33, marking a 13.35% increase for the day.
Fantom (FTM) Poised for Market Structure Break
Lastly, Altcoin Sherpa mentioned Fantom (FTM), a layer-2 scaling solution, and highlighted an upcoming “clean market structure break.” The trader outlined two potential strategies for traders in such scenarios, emphasizing the importance of timing and risk management. FTM is currently trading at $0.64, with a 13.4% gain for the day.
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