Following the end of Bitcoin’s (BTC) bull run in 2021, a top analyst believes that an artificial intelligence (AI)-linked altcoin is poised to hit a new record.
Pseudonymous analyst Pentoshi told his 756,300 followers on social media platform
Recently migrated to Solana (SOL), the project now uses GPU networks to provide users with the computing power they need to complete tasks in the field of AI, such as machine learning training.
According to Pentoshi, RNDR is on the verge of breaking the all-time high of $8.78 hit in November 2021.
“I think we’ll get into price discovery in the near future, but I wouldn’t be surprised to see it consolidate and correct over the next few weeks first. The middle part of this broader range is likely to be a good area to buy and is something to keep an eye on.”
As of this writing, RNDR is worth $7.32.
Another altcoin on traders’ radar is Ethereum (ETH), a leading smart contract platform. Speculation surrounding the possibility of getting a spot market Ethereum exchange-traded fund (ETF) could push ETH closer to $3,500, according to analysts.
“The closer we get to the ETF date, the more people have to speculate. It doesn’t matter if you get approved or not. All you have to do is participate.”
As of this writing, the value of ETH is $3,144, up more than 2.8% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
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.
Image created by: Midjourney