Analyst Says Ethereum-Based Altcoins Poised to Surge More than 100%, Updates Outlook on Chainlink and Fetch.ai – The Daily Hodl
A widely followed crypto analyst and trader is bullish on the top 100 altcoins by market cap.
The analyst goes by the pseudonym Altcoin Sherpa says He has 205,600 followers on the . Below the current price, reached in February of 2023.
“BLUR is one of the few ways you can bet on where the entire NFT industry is moving forward. “A lot of people are bullish on NFT infrastructure.”
Source: Altcoin Sherpa/X
BLUR is trading at $0.667 at the time of writing.
Turning to Chainlink (LINK), the altcoin sherpa They say He is “still very optimistic” about the blockchain oracle as a “solid long-term project”, although it is unlikely to deliver “mind-melting returns” due to its relatively high market capitalization.
Based on Altcoin Sherpa’s chart on the 12-hour time frame, LINK is likely to trade between around $13.50 and $17 in January and February.
Source: Altcoin Sherpa/X
Chainlink is trading at $15.80 at the time of writing.
The next step is Fetch.ai (FET) a decentralized artificial intelligence platform for applications. Pseudonymous analysts and traders, according to FET Appears It is “quite strong” this year, although it is currently undergoing consolidation.
Based on charts from Altcoin Sherpa, the current support level for FET on the weekly chart is around $0.608 while the nearest resistance level is at $0.779.
According to Altcoin Sherpa, FET is currently more suitable for medium-term trading rather than short-term.
Source: Altcoin Sherpa/X
At the time of writing FET is trading at $0.689.
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Source: dailyhodl.com
