Flow

<div class="dailyhodl">
 A top crypto analyst believes that one artificial intelligence (AI)-focused altcoin will see much higher prices in the coming weeks.
 Pseudonymous analyst The Flow Horse tells his 202,100 followers on the social media platform X that the native token of the decentralized machine learning network Fetch.ai (FET) is about to print a new all-time high.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 According to the trader, FET’s spot cumulative volume delta (CVD) has been on the up and up, suggesting that market participants are heavily accumulating the altcoin.
 “FET is knocking on making new all-time highs after a detour of just over two years. This is going to run hard over the coming months. No other narrative has legs like AI because AI is still early to its own story.
 That spot CVD in blue is up only.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGvOnb5W0AAYtVP?format=jpg&amp;name=large" alt="Image" width="1251" height="647">
 <figcaption class="wp-caption-text">
 Source: The Flow Horse/X
 </figcaption>
 </figure>
 At time of writing, FET is worth $1.07, about 9% below its all-time high of $1.17.
 Another coin on the trader’s radar is the native asset of the decentralized storage network Filecoin (FIL). According to the analyst, he sees FIL breaking out to end a year-long accumulation phase.
 “Filecoin is just tapping right now at breaking out of a yearly range. I don’t need to tell you what is next, but this is a good laggard…
 FIL should continue to break out.
 Perfect bottoming structure on the high time frame, and probably catches up very quickly to the rest of the market in a short amount of time.”&nbsp;
 At time of writing, FIL is worth $7.73, up over 4% in the last 24 hours.
 The Flow Horse is also bullish on the rest of the altcoin market. Looking at the TOTAL3 chart, which tracks the market cap of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins, the analyst thinks that the altcoin market is on the cusp of a strong uptrend.
 “If the past is precedent, we are near the point in the cycle where it is not really going to matter what you own, as much as it matters how you time the transfer to top buyers.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGurG3vXgAA_AGD?format=jpg&amp;name=medium" alt="Image" width="1142" height="642">
 <figcaption class="wp-caption-text">
 Source: The Flow Horse/X
 </figcaption>
 </figure>
 Based on the trader’s chart, he seems to suggest that TOTAL3 has already carved a bottom and is poised to start a fresh uptrend.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-says-ai-focused-altcoin-knocking-on-new-all-time-highs-names-one-coin-on-the-verge-of-big-breakout-tbt80370.html">https://thebittimes.com/top-trader-says-ai-focused-altcoin-knocking-on-new-all-time-highs-names-one-coin-on-the-verge-of-big-breakout-tbt80370.html</a>

Top Trader Says AI-Focused Altcoin Knocking on New All-Time Highs, Names One Coin on the Verge of Big Breakout

TheBitTimes

Các bài viết khác được xuất bản trên 21 thg 2, 2024

First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days

Ripple Leader Slams SEC Lawsuit Impact on Cryptocurrency Stability

Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding

Buckle up for the World of the Abyss!

Yield App introduces Diamond+ staking program, offering 25% APY (21 Feb)

Stellar Network Introduces Smart Contracts to Enhance Blockchain Ecosystem

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!