One of the most respected crypto analysts believes that a project focusing on artificial intelligence will soon outperform other altcoins.
Altcoin Sherpa, a pseudonymous cryptocurrency trader tells His 216.400 followers on social media platform X, that decentralized GPU-rendering blockchain Render (RNDRThe market structure of ) looks strong.
“RNDR: still a fine place to just buy and hold RNDR in my opinion. I think this is a strong one in the coming weeks. No volatility on it though so it’s a bad active trading vehicle.”
According to his trader, Render’s trading range is being held as support by the middle and it is just about to move upward.
The price of Render at the moment is $10.28, an increase in value by nearly 3% within 24 hours.
The next step is the trader warns Lido DAOLDOEthereum is a cryptocurrency (ETH) staking project, may soon retest lower Fibonacci retracement levels.
“LDO: bidding $2.10-$2.30.”
LDO has fallen 2.1% over the past 24 hours to $2.33.
Next, the trader will be bullish Celestia, a modular blockchain network (TIA). He cautions, however, that TIA’s value may fall in the months to come due an upcoming token unlocked, which is perceived by many as bearish, given the newly available supply.
“TIA: in my opinion, this chart looks pretty good. Thinking about hopping on the train but will probably be patient. Expecting some bullish news so that people buy this before investors unlock in a few months. How do you generate exit liquidity? Pushing chart up before. Don’t hold this for long.”
TIA was trading at $11.11 as of the time this article is written, an increase of nearly 2% within the past 24 hour.
The trader is last but not least says Overall, he’s not optimistic about the interoperability potential of blockchain Polkadot.DOT).
“Close friend asked me about DOT today. Talk about a failed chain and something that got rekt. Will it pump? Yes, it will go up in USDT (probably). Will it outperform the rest of the market? Highly unlikely. Not saying you should sell here or anything, but if I were exposed I’d sell the next pump.”
Polkadot currently trades for $7.23, an increase of nearly 2% over the past 24 hours.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Please follow us X, Facebook You can also find out more about the following: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Investors must do due diligence prior to making high-risk investment in Bitcoin, cryptocurrency and digital assets. You are responsible for any losses that you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl is an affiliate marketer.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
