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One widely followed cryptocurrency analyst believes that an altcoin project focused on artificial intelligence (AI) is poised to outperform the broader market.
Cryptocurrency trader with the alias Altcoin Sherpa Tells His 216,400 followers on the social media platformRender) has a strong looking market structure.
“RNDR: Still a good place to buy and hold RNDR in my opinion. I think this will be strong in the coming weeks. There is no volatility on it even though it is a bad active trading vehicle.
By looking at his chart, the trader indicates that the Render is holding the middle of the trading range as support and is about to break out to the upside.
Render is trading at $10.28 at the time of writing, up approximately 3% in the past 24 hours.
Next, merchant Warn An Lido Dao (I am doing), Ethereum (Ethereum) Staking project, may soon retest the lower Fibonacci retracement levels.
“LDO: Bidding $2.10 – $2.30.”
LDO is trading for $2.33 at the time of writing, down 2.1% over the past 24 hours.
Next is the merchant rising In the near term on the native assets of the Celestia standard blockchain network (Tia). However, he warns that the TIA could decline in the coming months due to the upcoming token unlock, which is often viewed as bearish given the new sellable supply.
“TIA: In my opinion, this chart looks pretty good. I’m thinking about hopping on the train but I’ll probably have to be patient. We expect some bullish news so people buy this before investors open their doors in a few months. How do you generate exit liquidity? Pay Chart up before. Don’t hold this for long.”
TIA is trading at $11.11 at the time of writing, up nearly 2% in the past 24 hours.
Finally, the merchant He says He is generally pessimistic about the interoperability of the Polkadot blockchain (a point).
“A close friend asked me about DOT today. He talked about a failed series and something that is being reconsidered. Will it pump? Yes, it will rise in USDT (probably). Will it outperform the rest of the market? Very unlike. I’m not saying you should sell here or Anything, but if I get caught I will sell the next pump.
Polkadot is trading at $7.23 at the time of writing, up nearly 2% in the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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