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.”
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.”
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