One prominent cryptocurrency trader believes the artificial intelligence (AI) altcoin is poised to perform well later this year despite underperforming over the past few weeks.
An anonymous analyst known as Altcoin Sherpa told his 216,800 followers on social media platform Say you’re looking at data. Storage protocol Arweave (AR) and distributed information processing protocol RSS3 (RSS3).
“The play right now is to be patient and wait and expand as we please. We believe many of these have seen significant declines and that there will be some decent buying opportunities in the coming weeks. “I myself remain optimistic about this sector.”
Altcoin Sherpa is also feeling somewhat optimistic about Echelon Prime (PRIME), a web3 ecosystem aimed at advancing the next generation of gaming.
“PRIME is everyone’s favorite coin and the right gameplay for the current cycle.
We have seen a strong decline and personally I think the $15-$11 area is a good place to invest if you like this project. I probably won’t buy it, but I’ll observe. However, there are many good technical analysis (TA) confluences with the 0.50 and 0.618 key Fibonacci levels + the 200-day exponential moving average (EMA).”
PRIME is trading at $16.70 at the time of this writing.
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