The cryptocurrency market has become a rapidly growing and developing field in recent years. In this dynamic market, investors and analysts try to foresee promising projects while pursuing opportunities. In this context, artificial intelligence (AI)-focused cryptocurrencies, especially Fetch.ai (FET), attract the attention of many people. “The Flow Horse”, a top crypto analyst, believes that Fetch.ai (FET) has tremendous upside potential in the coming weeks. believes.
Fet is an altcoin based on a decentralized machine learning network and targeting the use of artificial intelligence technology in the crypto world. The team behind this project aims to provide solutions for a smarter and more efficient future by combining artificial intelligence and blockchain technologies. The Flow Horse believes that with this technological innovation and potential from Fet, his price could increase significantly.
According to the analyst, Fetch.ai’s spot cumulative volume delta (CVD) has been steadily increasing. This shows that investors in the market are heavily accumulating Fetch.ai and this may be positively reflected in the price. Notably, FET’s recent move towards all-time highs supports analyst expectations. The Flow Horse said, “FET is setting new all-time records after a break of more than two years. “This will go up a lot in the coming months.” He expresses his belief that the altcoin price will show a strong performance in the coming period.
Fetch.ai’s artificial intelligence-focused structure is an important feature that distinguishes it from other altcoins. The analyst thinks that artificial intelligence technology is still in its infancy in the cryptocurrency world and emphasizes that projects such as Fetch.ai have great potential in this field. Therefore, Fetch.ai is likely to gain even more attention and value in the coming period.
At the time of writing, FET is hovering around $1.07, approximately 9% below its record value of $1.17.
Another cryptocurrency on the investor’s radar is Filecoin (FIL). The analyst thinks FIL has broken out to end its year-long accumulation phase.
“Filecoin is currently on track to break out of its annual range. I don’t need to tell you what’s next but it’s a good delay… FIL should keep breaking. “There is an excellent bottom structure in the higher time frame and it will probably catch up very quickly with the rest of the market in a short time.”
Flow Horse claims that there is also a bullish trend in the rest of the altcoin market. Looking at the TOTAL3 chart, which tracks the market value of all crypto assets except Bitcoin (BTC), Ethereum (ETH) and stablecoins, the analyst thinks that the altcoin market is on the verge of a strong uptrend.
If past is precedent, we are near the point in the cycle where it is not really going to matter what you own, as much as it matters how you time the transfer to top buyers. pic.twitter.com/HFWrwVywNv
— HORSE (@TheFlowHorse) February 19, 2024
According to the chart he shared, the analyst suggests that TOTAL3 has already formed a bottom and is ready to start a new uptrend.
You can follow the current price movement here.
