Beam

Sherpa

Avalanche

Artificial Superintelligence Alliance

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 A widely followed crypto trader is predicting more rallies for smart contract protocol Avalanche (AVAX) and artificial intelligence (AI)-focused altcoin Fetch.ai (FET).
 Pseudonymous analyst Altcoin Sherpa tells his 201,600 followers on the social media platform X that Avalanche is likely not yet done rallying.
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 The trader shares a chart that shows AVAX breaking out of its resistance at $39 on the weekly chart.
 “AVAX: I don’t know why this is moving so hard, but it’s pretty incredible to see this in the midst of all the new layer-1s/layer-2s available. AVAX has outperformed many of the hot shiny new chains during this run. $55 and $60 are up next, in my opinion.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBes3k3W8AAAseF?format=png&amp;name=4096x4096" alt="Image" width="2145" height="1179">
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 Source: Altcoin Sherpa/X
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 At time of writing, AVAX is worth $39.63.
 Looking at the decentralized machine-learning network Fetch.ai, Altcoin Sherpa thinks that FET is also on the up and up. According to the analyst, FET could rise over 40% from current prices.
 “FET: currently level is interesting but I am still not going to be buying around here. I’m still looking for my main AI play for this cycle to be honest. I have other bags and narratives packed but not this one (yet). $0.90 seems likely in the mid-term to be honest.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBZU_RbWIAAH5FM?format=jpg&amp;name=4096x4096" alt="Image" width="2145" height="1179">
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 Source: Altcoin Sherpa/X
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 At time of writing, FET is trading for $0.64.
 The last altcoin on the trader’s radar is the native asset of the blockchain-based gaming network Beam (BEAMX). Altcoin Sherpa says he’s waiting for BEAMX to drop a bit lower before taking interest in the altcoin.
 “BEAM: nice pullback for those who are interested in getting in soon. I think BEAM is a great index for web3 gaming overall. I have a bag and will be holding it for a while. I think that the $0.016 area is interesting….0.50 Fibonacci level of the entire move. Would be looking there.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBf8_lkXoAArvyg?format=jpg&amp;name=4096x4096" alt="Image" width="2145" height="1179">
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 Source: Altcoin Sherpa/X
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 At time of writing, BEAM is trading for $0.019.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-rallies-for-avalanche-avax-and-fetch-ai-fet-outlines-area-of-interest-for-gaming-altcoin-tbt74106.html">https://thebittimes.com/analyst-predicts-rallies-for-avalanche-avax-and-fetch-ai-fet-outlines-area-of-interest-for-gaming-altcoin-tbt74106.html</a>

Analyst Predicts Rallies for Avalanche (AVAX) and Fetch.ai (FET), Outlines Area of Interest for Gaming Altcoin

TheBitTimes

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