- Avalanche (AVAX) and Fetch.ai (FET) are expected to experience significant rallies, as forecasted by a notable crypto analyst.
- Both cryptocurrencies show promising trends, with AVAX breaking resistance and FET poised for a 40% increase.
A prominent figure in the blockchain community, known for accurate market predictions, has recently turned the spotlight on two cryptocurrencies: Avalanche (AVAX) and Fetch.ai (FET). These digital assets, representing a smart contract protocol and an AI-focused altcoin respectively, are showing signs of strong rallies.
According to the expert, who communicates via social media platform X to over 200,000 followers, AVAX, in particular, has demonstrated an impressive performance, even amidst the emergence of new layer-1 and layer-2 solutions, highlighting its resilience and potential for growth, as reported by UK News.
AVAX: Breaking Barriers and Setting New Targets
The analysis of Avalanche’s trajectory is intriguing. AVAX recently overcame a significant resistance level at $39, as indicated by a chart shared by the analyst. This breakthrough is noteworthy, especially considering the competitive landscape filled with emerging blockchain technologies.
The expert believes that AVAX is not just performing well but is set to reach new heights, potentially targeting price points of $55 and $60. At the time of the report, AVAX’s value stood at $39.63, suggesting a bullish trend in the near future.
Fetch.ai: A Rising Star in the AI Blockchain Space
Turning attention to Fetch.ai, the expert’s forecast is equally optimistic. Despite not currently holding FET in their portfolio, the analyst recognizes the potential for a significant rise in its value. Fetch.ai’s current trading price of $0.64 is expected to surge by over 40%, with a mid-term target of around $0.90.
This projection is based on the unique value proposition of Fetch.ai in the blockchain and AI integration sector, marking it as a noteworthy investment for those seeking exposure to innovative technologies.
Insight into Other Altcoins: The Case of Beam (BEAMX)
In addition to AVAX and FET, the crypto trader also commented on Beam (BEAMX), a blockchain-based gaming network. The current trading value of BEAM, at $0.019, along with its potential for a pullback, makes it an interesting option for investors interested in the web3 gaming sector.
The analyst holds a position in BEAM and anticipates holding it for an extended period, indicating a belief in its long-term value.