Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
October 18, 2024

Trader Says Large-Cap AI Altcoin Looks ‘Extremely Good,’ Maps Path Forward for Solana, FLOKI, Bonk and Pepe

By Daily Hodl Staff

A widely followed crypto analyst says that one artificial intelligence (AI)-based altcoin looks strong while updating his outlook on Solana (SOL) and a handful of memecoins.

In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 224,800 followers on the social media platform X that Fetch.ai (FET) – now a part of the Artificial Superintelligence Alliance – has technical indicators that look extremely promising.

ADVERTISEMENT

“FET. Things look extremely good for now. EMAs (exponential moving averages) on the 1d all tight; key [Fibonacci] levels and S/R (support/resistance) regions. More of a good buy and hold, in my opinion.”

Source: Altcoin Sherpa/X

FET is trading for $1.40 at time of writing, a 1.22% gain during the last 24 hours.

Moving on to smart contract platform Solana, Sherpa says that investors should be patient as the Ethereum (ETH) competitor doesn’t look like it will make a strong move to the upside anytime soon.

“SOL. Chop chop chop. This doesn’t have a super strong move for a bit longer in my opinion. Better to just buy and hold for later.”

ADVERTISEMENT
Source: Altcoin Sherpa/X

SOL is trading for $154 at time of writing, a 1.4% gain on the day.

Sherpa concludes by recommending that investors who are interested in meme assets but are less active in the space accumulate meme coins that “haven’t run hard” yet, such as Floki (FLOKI), Bonk (BONK), and Pepe (PEPE).

“Lots of really good memes are still here at decent prices in my opinion. You can still accumulate a lot of them before they’re going crazy. Yes, smaller onchain memes are better R:R (risk/reward) but if you’re less active and want to buy and hold, coins like FLOKI, BONK, and PEPE haven’t ran hard yet.”

Floki, Bonk, and Pepe are valued at $0.000152, $0.000024, and $0.00001 at time of writing, respectively.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dario Lo Presti/Mia Stendal

ADVERTISEMENT