The widely respected cryptocurrency trader is predicting further rallies for smart contract protocol Avalanche (AVAX) and artificial intelligence (AI)-focused altcoin Fetch.ai (FET).
pseudonymous analyst Altcoin Sherpa told his 201,600 followers on social media platform
The trader shares a chart showing AVAX breaking resistance at $39 on the weekly chart.
“AVAX: I don’t know why this is moving so hard, but it’s really amazing to see this among all the new Layer 1/Layer 2 available. AVAX has outperformed many hot, shiny new chains during this run. I think $55 and $60 are next.”
As of this writing, AVAX is worth $39.63.
Looking at the decentralized machine learning network Fetch.ai, Altcoin Sherpa believes that FET is also on the rise. According to analysts, FET could rise more than 40% from its current price.
“FETs: The current level is interesting, but I wouldn’t buy it anywhere near this yet. To be honest, I’m still looking for the major AI plays of this cycle. I’ve packed other bags and stories, but not this one (yet). $0.90 honestly seems possible in the medium term.”
As of this writing, FET is trading at $0.64.
The last altcoin on traders’ radar is the native asset of the blockchain-based gaming network Beam (BEAMX). Altcoin Sherpa said he is waiting for BEAMX to drop a little more before turning his attention to altcoins.
“beam: This is a good fullback for those who want to participate soon. I think BEAM is a great indicator for web3 games in general. I have a bag and plan to carry it around for a while. I find the $0.016 area interesting. The Fibonacci level for the entire move is 0.50. “They’ll be looking for you there.”
As of this writing, BEAM is trading at $0.019.
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