Sherpa

Fetch.ai

<div class="dailyhodl">
 A widely followed crypto strategist believes that a layer-1 altcoin running on a hybrid consensus mechanism will do big rallies this year.
 Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that he’s bullish on Core (CORE).
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 According to the analyst, CORE looks strong after erasing most of the losses witnessed earlier this month.
 “CORE: These [Fibonacci levels] have held up extremely well. The chart also looks very solid. I have a bag of this one and think it’s going to do big numbers in 2024. 
 Wouldn’t personally buy around this current $2.70-$2.90 level but would rather wait for a dip around $2.20-ish to buy.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLyC_3xWUAA-YXj?format=png&amp;name=4096x4096" alt="Image" width="2099" height="1209">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 At time of writing, CORE is trading for $2.50, up over 355% from its 2024 opening price of $0.549.
 The trader is also keeping an eye on Ethereum (ETH) challenger Near (NEAR). Altcoin Sherpa shares a chart suggesting that NEAR will pull back below $6.50 before rallying toward his target at $8.50.
 “NEAR: something like this would be good, in my opinion.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLyHOlqWwAAokjS?format=jpg&amp;name=4096x4096" alt="Image" width="2099" height="1209">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 At time of writing, NEAR is worth $6.99.
 As for the artificial intelligence (AI)-focused altcoin Fetch.ai (FET), Altcoin Sherpa predicts that FET will likely revisit its local bottom at $1.80 before going through a bullish reversal.
 “FET: first .50 Fibonacci test looking pretty good for now. We’ll see if there is a follow-up or if we get another test there. Truthfully, I think we see another test at that $1.80 level at least once more before this takes off later. Be patient.”
 <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/GLyA5wGWAAAWwZp?format=png&amp;name=4096x4096" alt="Image" width="2099" height="1209">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 At time of writing, FET is worth $2.43.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-says-layer-1-altcoin-will-do-big-numbers-this-year-updates-forecast-on-near-and-fetch-ai-tbt86390.html">https://thebittimes.com/analyst-says-layer-1-altcoin-will-do-big-numbers-this-year-updates-forecast-on-near-and-fetch-ai-tbt86390.html</a>

Analyst Says Layer-1 Altcoin Will Do Big Numbers This Year, Updates Forecast on Near and Fetch.ai

TheBitTimes

Other articles published on Apr 24, 2024

Bitcoin (BTC) Price to Consolidate Longer Before a Parabolic Rally: Here’s Why

Binance CEO Faces Major Legal Challenges

These Bitcoin Whales Dump $1 Billion Worth Of Bitcoin; Crypto Enthusiasts Watch For What They Buy...

Bitcoin Cash Falls More Than 5% In 24 hours

5 Best Meme Coins to Buy After the Bitcoin Halving – Crypto Gems with High Upside Potential

Binance Faces Legal Problems in Canada

Join our free newsletter for daily crypto updates!