Crypto analyst Altcoin Sherpa suggests there may be potential buying opportunities in AI-focused cryptocurrencies Fetch.ai (FET) and Render (RNDR) due to the current volatility in Bitcoin’s price. The analyst believes the market conditions could create favorable opportunities for investors in these AI-specific tokens.
Fetch.ai (FET) and Render (RNDR) have both seen declines in their market value, with FET priced at $2.13 and RNDR at $7.94. Despite these decreases, both cryptocurrencies boast substantial market capitalizations of around $2.22 billion and $3.07 billion, respectively. However, they have underperformed against the broader crypto market and their respective ecosystems.
Altcoin Sherpa suggests that investors average into positions in FET and RNDR, starting at the 0.50 Fibonacci retracement level down to the 0.618 level, to capitalize on potential market upswings. As the market navigates ongoing volatility, these AI-focused tokens present intriguing prospects for investors willing to undertake informed and strategic approaches to their investments.
read more >> https://cryptotale.org/market-trends-suggest-entry-points-for-ai-cryptos-fetch-ai-render/
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