Analyst Expects Rallies for Avalanche (AVAX) and Fetch.ai (FET)
A popular crypto trader believes that smart contract protocol Avalanche (AVAX) and AI-focused altcoin Fetch.ai (FET) are poised for more price rallies. The analyst, known as Altcoin Sherpa, shares on social media that AVAX is showing strong momentum and has the potential to reach $55 and $60. AVAX has outperformed other new chains in the current market run. Meanwhile, Altcoin Sherpa also sees potential in FET, predicting a possible increase of over 40% from its current price. However, the analyst advises caution and suggests waiting for a better entry point. Finally, Altcoin Sherpa mentions Beam (BEAMX), a blockchain-based gaming network’s native asset, expressing interest in buying at the $0.016 level.
Hot Take
Altcoin Sherpa predicts that Avalanche (AVAX) and Fetch.ai (FET) will experience further price rallies. AVAX has shown impressive performance compared to other new chains in the market. The analyst expects AVAX to reach $55 and $60 in the near future. Similarly, FET is projected to rise by over 40%, with a potential target of $0.90. Altcoin Sherpa advises caution when entering these markets and suggests waiting for better entry points. Additionally, the analyst expresses interest in Beam (BEAMX), a gaming altcoin, and recommends buying at the $0.016 level.
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