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Home»ALTCOIN NEWS»AI Altcoin will ‘definitely’ hit new all-time highs amid strong narrative, according to cryptocurrency analyst. Here’s his outlook:
ALTCOIN NEWS

AI Altcoin will ‘definitely’ hit new all-time highs amid strong narrative, according to cryptocurrency analyst. Here’s his outlook:

By Crypto FlexsJanuary 2, 20242 Mins Read
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AI Altcoin will ‘definitely’ hit new all-time highs amid strong narrative, according to cryptocurrency analyst.  Here’s his outlook:
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Renowned cryptocurrency analyst Altcoin Sherpa said one artificial intelligence (AI) project will definitely hit new highs in the near future.

An anonymous analyst told his 203,000 followers on social media platform

Fetch.ai is a blockchain-based AI platform that aims to automate specific tasks and systems, such as supply chain logistics or record keeping, for individuals or organizations. The technology is primarily powered by AI agents that can plan and execute tasks.

According to Altcoin Sherpa, a buying opportunity may arise if the project’s native token, FET, falls to the $0.50 level.

“FET: A couple of things – I think this has definitely broken the ATH (all-time high).

Big supply area for $.75-$1 / but hard to find around here.

Coin + Narrative still very strong in 2024

The $0.50 downside area would be the area to look for.”

source: Altcoin Sherpa/X

Traders have a similar but more short-term view on Ethereum scaling solution Polygon (MATIC). According to him, MATIC has lagged behind other altcoins in the recent market rally, so it may be time to catch up. He is targeting the $1.20 range, a 22% increase from MATIC’s current price of $0.98.

“MATIC is noticeably behind, but I think it should go up to $1.20 in the short/medium term. It still looks pretty strong and seems like a good place to trade right now. However, it is unclear whether this will outperform other narrative/layer 1 types of coins in 2024. Treat this more as trading versus investing.”

video
source: Altcoin Sherpa/X

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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