Analyst Predicts Major Growth for Ethereum-Based Altcoin, Chainlink, and Fetch.ai
A popular crypto analyst known as Altcoin Sherpa has expressed bullish sentiments towards several altcoins. According to the analyst, Blur (BLUR), the native token of a non-fungible token (NFT) marketplace and aggregator platform, has the potential to exceed its previous all-time high of $1.40. Altcoin Sherpa believes that BLUR offers a way to bet on the entire NFT industry’s growth.
Altcoin Sherpa also remains bullish on Chainlink (LINK), a blockchain oracle project. While he doesn’t expect “mind-melting returns” due to its market capitalization, he sees it as a solid long-term investment. Based on his analysis, LINK is likely to trade between approximately $13.50 and $17 in January and February.
Additionally, Altcoin Sherpa suggests that Fetch.ai (FET), a decentralized artificial intelligence platform, is showing strength this year. Although it is currently consolidating, FET is suitable for medium-term trading according to the analyst.
Hot Take: Analyst Points Out Potential Growth Opportunities
Altcoin Sherpa’s analysis highlights the potential for significant growth in Blur, Chainlink, and Fetch.ai. These altcoins are positioned in industries with promising futures, such as NFTs and decentralized AI. Investors looking for opportunities in these sectors may want to consider adding these altcoins to their portfolios.