It seems that the crypto industry sees optimistic predicitons regarding an AI altcoin. Check out the latest reports about this below.
AI altcoin to see new ATHs
According to the popular crypto analyst, Altcoin Sherpa, there is one AI project that is expected to reach new heights in the near future.
The analyst, who goes by a pseudonym, has informed his 203,000 followers on the social media platform, X, that Fetch.ai (FET) will benefit from a bullish narrative in the coming years, leading up to 2024.
Fetch.ai is a blockchain-based AI platform that aims to automate certain tasks and systems, such as supply chain logistics or record-keeping, for individuals or organizations. Its technology is largely powered by AI agents that can plan and execute tasks.
The analyst also said that a dip in FET, the project’s native token, down to the $0.50 level may present bulls with a buying opportunity.
“FET: A few things- I think that this one definitely breaks ATH (all-time high)
big supply zone from $.75-$1 though / hard place to buy around here
Still a very strong coin + narrative in 2024
Dip areas in $.50 would be one to look for”
According to the trader, Ethereum scaling solution Polygon (MATIC) has a shorter-term perspective.
The trader believes that MATIC has fallen behind other altcoins in the recent market upswing and it may be the right time for it to catch up.
The trader has set a target of $1.20, which is a 22% gain from MATIC’s current price of $0.98.
However, the trader warns that MATIC may not outperform other narratives or Layer-1 type of coins in 2024 and advises treating it as a trade rather than an investment.
The crypto industry is filled with all kinds of optimistic predictions, especially regarding the price of Bitcoin, which is slated to see huge moves in 2024. Stay tuned for more juicy reports.
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