In the fast and volatile nature of cryptocurrency markets, analysts’ predictions and predictions constitute an important guide for investors. In this context, closely followed analyst The Flow Horse gave positive signals about the future of Ethereum-based altcoin Chainlink (LINK). On the other hand, he announced that he expected a similar rise for an artificial intelligence-based altcoin. Details are in our news…
The Flow Horse suggested that, despite the significant price decline that Chainlink has experienced recently, it could reverse some of this decline and enter an upward trend. Emphasizing Chainlink’s resistance and potential against market fluctuations, the analyst stated that this situation could be an opportunity for investors.
“I bought LINK again and am considering buying more,” the analyst said in a statement. At this point there has been a 22% decline and even if the price drops to $12, I believe we will recover hard. Open positions were completely closed and the price remained afloat.” said.
At press time, Chainlink is trading at $15.23, up 5.29% in the last 24 hours.
In addition, as artificial intelligence technology becomes increasingly widespread and interest in cryptocurrencies increases, the altcoin called Fetch.ai (FET) has a remarkable upward trend. This uptrend caught the attention of crypto analyst The Flow Horse and offered an important perspective on the future potential of the digital asset.
The Horse observes the current FET upward trend through its analysis and adopts the strategy of accumulating cryptocurrency in times of decline. The basic idea behind this AI-driven altcoin’s strategy to accumulate on dips is to be confident in FET’s long-term potential.
“As long as FET maintains the trend, I accumulate on dips. “I repeat, the only new narrative is AI.”
Koinfinans.com As we reported, artificial intelligence is an important technology that has the potential to revolutionize many sectors today. As The Horse emphasizes, Fetch.ai’s focus on this technology and its innovative approach allows it to gain a remarkable place in the crypto world. FET is trading at $0.57 at press time.
While the popular analyst is optimistic about LINK and FET, he underlines that not all altcoins have enough capital to recover for a long time and many of them will eventually lose value.
“One thing is very clear, there is not enough capital to keep altcoins volatile for long. “I’m just trying to passively index different high beta things until I hit the peak.”
You can follow the current price movement here.