A market analyst, known as “The Flow Horse,” has forecasted a significant upsurge in the value of an AI-centric altcoin, Fetch.ai (FET), to his extensive social media following. He suggests that FET is poised to reach a new peak in price, currently trading at a notable 20% less than its highest value. Fetch.ai has seen a growth in spot cumulative volume delta (CVD), hinting at a strong accumulation by market participants.
Fetch.ai’s Promising Market Trajectory
The analyst underscores that the Fetch.ai token is in a robust position to continue its upward trend, with AI being a solid narrative underpinning its growth. He believes that the market is still in the early phases of recognizing AI’s potential, which could drive FET’s value to scale new heights in the following months.
Filecoin Predicted to Break Out
Beyond Fetch.ai, the analyst also spots potential in Filecoin (FIL), predicting its breakout from a year-long accumulation. With a strong foundational structure, Filecoin is expected to catch up swiftly with the broader market movements.
The broader altcoin market, excluding Bitcoin, Ethereum, and stablecoins, is also viewed with optimism. The analyst points to the TOTAL3 chart, which aggregates the market capitalization of all cryptocurrencies and indicates a potential strong uptrend. The TOTAL3 chart suggests that the entire altcoin market could be at the cusp of entering a bullish phase, leading to new price records.
The Flow Horse’s perspective provides an optimistic outlook for both individual altcoins with a focus on AI technology and the altcoin market as a whole, suggesting that investors could witness significant growth in the near future.