An influential crypto strategist predicts that a hybrid consensus mechanism layer-1 altcoin will experience significant price surges this year.
Altcoin Sherpa, a pseudonymous analyst with a substantial following of 215,600 on the social media platform X, expresses optimism about Core (CORE).
The analyst notes that CORE has shown strength by recovering most of the losses it faced earlier in the month.
“CORE: These Fibonacci levels have proven to be very resilient. The chart also appears to be quite stable. I am holding onto this coin and believe it will achieve impressive gains in 2024. Personally, I wouldn’t buy at the current price range of $2.70-$2.90, but instead, I would wait for a dip around $2.20-ish to make a purchase.”
Source:
Altcoin Sherpa/X
At the time of writing, CORE is trading at $2.50, which represents a remarkable increase of over 355% from its opening price of $0.549 in 2024.
Altcoin Sherpa is also closely monitoring Near (NEAR), an Ethereum (ETH) competitor. The analyst shares a chart indicating that NEAR is likely to experience a pullback below $6.50 before rallying towards the target price of $8.50.
“NEAR: I believe something like this would be favorable.”
Source:
Altcoin Sherpa/X
At the time of writing, NEAR is valued at $6.99.
Regarding Fetch.ai (FET), an altcoin focused on artificial intelligence (AI), Altcoin Sherpa predicts that FET will likely revisit its local bottom at $1.80 before undergoing a bullish reversal.
“FET: The initial .50 Fibonacci test is looking promising for now. We’ll see if there is a follow-up or another test at that level. To be honest, I think we will see another test at the $1.80 level at least once more before it takes off. Patience is key.”
Source:
Altcoin Sherpa/X
At the time of writing, FET is valued at $2.43.
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