China News Daily Official TheBitTimes.com

A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that machine learning platform Fetch.AI (FET), which is a part of the Artificial Superintelligence Alliance, appears ready to spark a rally. “FET breaks out soon, in my opinion.” Source: Altcoin Sherpa/X The trader’s chart indicates that FET would reach a price tag of around $1.50. The prediction appears to have come to fruition as FET is trading for $1.53 at time of writing, an increase of over 15% during the last 24 hours. Moving on to layer-1 smart contract platform Sui Network (SUI), Sherpa says the altcoin’s chart pattern is consolidating, which is what traders would want to ideally see before purchasing an asset. “Even in extremely bull...

In what can be considered the darker side of trading meme cryptocurrencies, a trader has lost a significant amount of money by betting on a token that had not proven itself in the market. Specifically, the trader recently saw a massive $1 million investment plummet to just $9,000 within an hour, according to data shared by Lookonchain on August 29. According to the Analysis , the trader created a new wallet and used 7,156 SOL (valued at $1.03 million at the time) to purchase a meme coin named MBAPPE. This transaction, completed in a single move, quickly turned sour as the value of the meme coin nosedived, leaving the trader with a balance of only $9,200. Picks for you XRP ‘gate will swing wide open’ to $27 after hitting this level 42 mins ago ...

A closely followed crypto analyst said that Bitcoin (BTC) could dip below the $50,000 mark if one major support level fails to hold. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,900 followers on the social media platform X that the crypto king’s next test could either send it flying past $70,000 or crashing down below $50,000. “I think that it’s quite simple: If BTC breaks current level, we go to $70,000. If BTC doesn’t break current level, we go to $40,000s (w/ bounces in between).” Source: Altcoin Sherpa/X Sherpa goes on to say that if BTC’s latest price action was printing a lower high, which the trader says may not be the case, then that means BTC will likely head into the low $40,000s. “I tremble if this was a lower high just printed for BTC. Don’t quite think it is but if so, price is headed to the low $40,000s. Let’s see.” Source: Altcoin Sherpa/X Bitcoin ...