A pseudonymous crypto trader, known as Altcoin Sherpa, is optimistic about the future performance of artificial intelligence (AI) altcoins, despite their recent underperformance. Altcoin Sherpa, who has a sizable following of 216,800 on the social media platform X, has identified several promising projects in the AI space.

One of the coins Altcoin Sherpa is keeping an eye on is Render (RNDR), a decentralized blockchain platform for graphics processing unit (GPU) rendering. He also mentions Fetch.ai (FET), an AI and machine learning platform, Arweave (AR), a decentralized data storage protocol, and RSS3, a decentralized information processing protocol. Altcoin Sherpa advises his followers to exercise patience, gradually invest in the altcoins they like, and wait for potential buying opportunities in the coming weeks. Despite the recent pullback, he remains bullish on the AI sector.

Altcoin Sherpa also expresses some optimism about Echelon Prime (PRIME), a web3 ecosystem focused on advancing the next generation of gaming. Although he personally may not buy PRIME, he suggests that the $15-$11 price range could be a good accumulation point for those interested in the project. He highlights the technical analysis confluence at the 0.50 and 0.618 key Fibonacci levels, as well as the 200-day exponential moving average (EMA).

As of the time of writing, PRIME is trading at $16.70.

Disclaimer: The opinions expressed by Altcoin Sherpa and reported in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any resulting losses are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.