A cryptocurrency strategist believes artificial intelligence (AI)-related altcoin projects can still go higher after already making big gains.
Pseudonymous analyst Altcoin Sherpa says Bittensor (TAO), a decentralized blockchain platform focused on machine learning and AI, has 206,900 followers on social media platform
“Tao: I remember buying this for $120 and selling it quickly. ache. We are still very bullish on this front and if the current level is broken, $600 will be the next upside area. The $220 .50 (Fibonacci) area was a great entry point. “It could have been.”
TAO is trading at $450.89 at the time of this writing. This is an impressive 880% increase since it was trading at around $46 on October 16th.
Next is the merchant Called He remains bullish on Ethereum (ETH) competitor Solana (SOL). However, he warned that SOL may retest the Fibonacci retracement levels at $84.67 or $71.81.
“SOL: Please grind slowly. I have no opinion on where this will go in the short/medium term. I still think it will do pretty well in 2024 and hold on to it, but I think lower prices will probably come. $70 to $85 would be a reasonable price to accumulate.”
SOL is trading at $101.11 at the time of writing, up more than 4% in the last 24 hours.
Finally, the merchant Called He is also bullish on blockchain oracle provider Chainlink (LINK), predicting that the token will soon reverse the key resistance level at $18.70 into support.
“LINK is still experiencing resistance, but I think it will eventually rise significantly in the medium term after a prolonged period of consolidation.”
LINK is trading at $19 at the time of this writing, up almost 4% in the last four hours.
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