Crypto Strategist Identifies Potential for Growth in AI-Related Altcoin
A well-known crypto strategist suggests that an altcoin project related to artificial intelligence (AI) has the potential for further gains. Altcoin Sherpa, an anonymous analyst, believes that Bittensor (TAO), a decentralized blockchain platform focused on machine learning and AI, could increase by more than 33% from its current value. TAO has already experienced a remarkable rally of 880% since October 16th, when it was trading at around $46. The analyst remains bullish on Solana (SOL), a competitor to Ethereum (ETH), but cautions that it may retest Fibonacci retracement levels at $84.67 or $71.81. Additionally, the strategist expresses optimism about Chainlink (LINK), predicting that it will overcome a key resistance level at $18.70.
Hot Take: Potential for Growth in AI-Related Altcoin
A crypto strategist has identified Bittensor (TAO), an altcoin project centered around artificial intelligence, as having the potential for further growth. With a current value of $450.89, TAO has already seen a staggering rally of 880% since October 16th. The strategist believes that if the current level is surpassed, TAO could reach $600. However, caution is advised when considering Solana (SOL), as it may retest Fibonacci retracement levels at $84.67 or $71.81. On the other hand, Chainlink (LINK) is expected to overcome resistance at $18.70 and experience significant growth in the midterm.
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