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Home»ALTCOIN NEWS»Analysts say one cryptocurrency sector is poised to perform even better in the future. Here are his top picks:
ALTCOIN NEWS

Analysts say one cryptocurrency sector is poised to perform even better in the future. Here are his top picks:

By Crypto FlexsJanuary 3, 20252 Mins Read
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Analysts say one cryptocurrency sector is poised to perform even better in the future. Here are his top picks:
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One widely respected cryptocurrency analyst says it looks like one cryptocurrency sector will outperform another in the coming years.

Anonymous cryptocurrency trader Crypto Capo told his Telegram audience in a new thread on Telegram that the artificial intelligence (AI) sector will continue to outperform the rest of the digital asset industry.

According to Capo, price action in decentralized cloud computing platform Phala Network (PHA) hints at a breakout in AI cryptocurrencies, leading to an accumulation of hidden AI-based tokens like Phoenix (PHB) and Streamr (DATA). .

“The incredible performance of PHA can be a leading indicator for the next step in the AI ​​story. Increased low-volume AI exposure by adding PHB, DATA, and a few others. Lots of interesting charts. I think AI season is coming.”

As of this writing, PHA is trading at $0.354, down 2.7% in the last 24 hours.

The strategist says he expects the emergence of AI-based cryptocurrencies “in the future.”

Moving on to the Ethereum (ETH)/Bitcoin (BTC) pair, Capo says that if ETH/BTC can surge above the 0.041 level, it would be a bullish signal for ETH and altcoins.

“Basically, the pair has been holding the same key higher timeframe support level for several weeks. It appears to be forming a bottom locally, which could indicate a potential reversal. A break above 0.041 could be a very positive sign for ETH and altcoins.”

As of this writing, the value of ETH/BTC is 0.0357 ($3,438).

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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 you will be responsible for any losses you may suffer. 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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