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Reading: Analyst Evaluates Solana and Altcoins: Highlights This Artificial Intelligence Token!
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EdaFace Newsfeed > Latest News > Altcoin News > Analyst Evaluates Solana and Altcoins: Highlights This Artificial Intelligence Token!
Altcoin News

Analyst Evaluates Solana and Altcoins: Highlights This Artificial Intelligence Token!

vitalclick
Last updated: October 19, 2024 1:34 pm
4 months ago
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A leading crypto analyst noted that Fetch.ai, an AI-based altcoin, is performing strongly. He also shared his views on Solana and some meme coins.

Strong Performance of Fetch.aiRecommendations for Meme Coins

Strong Performance of Fetch.ai

Crypto trader Altcoin Sherpa, known anonymously, explained to his 224,800 followers on social media platform X that the technical indicators of Fetch.ai (FET) are quite promising. FET stands out as part of the Artificial Superintelligence Alliance and is currently in the positive market. The analyst made the following statements on the subject:

“FET. Everything looks very good for now. The 1-day exponential moving averages are quite tight; There are important Fibonacci levels and support/resistance zones. “I think the buy-and-hold strategy is more appropriate.”

Sherpa, Solana (SOL) Ethereum $2,647He stated that although it is a rival of , a strong upward movement is not expected in the short term. It was stated that the current trading price of SOL is 154 dollars and has increased by 1.4% in the last 24 hours. He stated the following about Altcoin Sherpa SOL:

“LEFT. I don’t expect another strong move for a while. “I think it’s better to buy and hold for later.”

Recommendations for Meme Coins

For inactive investors, Sherpa suggested investing in meme coins that have not yet risen very much. He stated that he believes that the values ​​of coins such as Floki, Bonk and Pepe may increase in the future:

“Good meme coins like FLOKI, BONK and PEPE are still available at affordable prices. “For those who are less active, a buy-and-hold strategy may be appropriate.”

Fetch.ai is currently trading at $1.40, up 1.22% in the last 24 hours. Solana attracts attention with a 1.4% increase rate at 154 dollars.

As for meme coins, Floki is traded at $0.000152, Bonk at $0.000024 and Pepe at $0.00001.

While investors focus on FET, which has strong technical indicators, in line with Sherpa’s recommendations, they can be expected to be patient for Solana and evaluate suitable opportunities in meme coins.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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