A well-known crypto analyst recently shared insights on the market, highlighting one artificial intelligence (AI)-based altcoin that shows promise. Altcoin Sherpa, a pseudonymous trader with a significant following on X, pointed out that Fetch.ai (FET) is looking particularly strong. As a part of the Artificial Superintelligence Alliance, FET has shown positive technical indicators according to Sherpa.
Sherpa emphasized the positive signs for FET, mentioning that the exponential moving averages (EMAs) on the daily chart are all tight, along with key Fibonacci levels and support/resistance regions. He suggested that FET could be a good buy and hold opportunity based on his analysis.
Currently, FET is trading at $1.40 with a 1.22% gain over the last 24 hours. Moving on to Solana (SOL), a prominent smart contract platform often compared to Ethereum (ETH), Sherpa advised investors to exercise patience. He noted that SOL is experiencing choppy price action and may not see a significant uptrend in the near future. Sherpa recommended a buy and hold strategy for SOL with potential for gains down the line.
SOL is currently priced at $154, showing a 1.4% gain for the day. In addition to FET and SOL, Sherpa also discussed meme coins, suggesting that investors consider accumulating assets like Floki (FLOKI), Bonk (BONK), and Pepe (PEPE) that have not experienced major price surges yet.
Sherpa highlighted the opportunity to accumulate these meme coins at current prices before they potentially see significant price movements. FLOKI, BONK, and PEPE are currently valued at $0.000152, $0.000024, and $0.00001 respectively.
For those interested in staying updated on the latest crypto market trends, Sherpa recommended subscribing to email alerts and following The Daily Hodl on social media platforms like X, Facebook, and Telegram. By staying informed, investors can make informed decisions and navigate the dynamic world of cryptocurrency trading.
In conclusion, the crypto market continues to offer opportunities for investors, with altcoins like FET showing promise and meme coins presenting potential for growth. By staying informed and following expert analysis, investors can position themselves for success in the ever-evolving crypto landscape.