Altcoin Sherpa, a well-known crypto trader, believes that artificial intelligence (AI) altcoins will see a resurgence in the latter part of the year, despite their recent underperformance. With a following of 216,800 on the social media platform X, Altcoin Sherpa shares his analysis on several promising projects.
Among the altcoins he has his eye on are Render (RNDR), a decentralized graphics processing unit (GPU) rendering blockchain, Fetch.ai (FET), an AI and machine learning platform, Arweave (AR), a decentralized data storage protocol, and RSS3, a decentralized information processing protocol. Altcoin Sherpa advises patience and suggests taking advantage of the current dip in prices to gradually invest in these projects, anticipating potential buying opportunities in the coming weeks. He remains optimistic about the future of this sector.
Altcoin Sherpa also expresses some bullish sentiment towards Echelon Prime (PRIME), a web3 ecosystem aimed at advancing the next generation of gaming. He points out that PRIME has experienced a significant pullback and recommends considering the $15-$11 price range as an attractive accumulation zone for those interested in the project. While he personally may not buy, Altcoin Sherpa acknowledges the technical analysis that supports this view, citing the 0.50 and 0.618 key Fibonacci levels, as well as the 200-day exponential moving average (EMA).
At the time of writing, PRIME is trading at $16.70. It is worth noting that the opinions expressed in this article are not investment advice, and investors are advised to conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this information was sourced, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor do they act as investment advisors.
