Is it altcoin season? Will altcoins rally? What’s happening with altcoins? These questions seem endless, and no one can predict with certainty what’s next. However, during uncertain times like these, it’s smart to focus on fundamentally strong altcoins. Analyst Nicholas Merten,
In his latest video, shared his top altcoin picks that could perform well based on solid fundamentals.
The analyst said that Fetch.ai has been a project of interest, especially after its involvement in Artificial Super Intelligence (ASI), a conglomeration of Fetch.ai, SingularityNet, and Ocean Protocol. He discussed monitoring Fetch.ai at a discounted price within a specific support range, following previous resistance levels.
SingularityNet is another key player in the AI-driven blockchain space. Known for its role in decentralized AI, it has partnerships with Fetch.ai and Ocean Protocol, making it part of the AI and Big Data ecosystem. Like Fetch.ai, SingularityNet is being watched for long-term growth, particularly as AI becomes a dominant trend in tech and crypto sectors.
Merten said that Ocean Protocol focuses on data sharing and privacy, playing a significant role in the decentralized AI and Big Data space. The analyst is particularly interested in Ocean’s market positioning, expecting it to benefit from the growing demand for data solutions in AI.
Render is a project the analyst talked about, known for using decentralized GPU power to help with graphics rendering, which is important in gaming, virtual reality (VR), and AI. The analyst kept an eye on Render’s price when it was at key support levels. The analyst believes Render has strong potential to grow, especially as the demand for AI and graphics rendering continues to rise.
The analyst discussed meme coins and whether it’s the right time to invest in them. He said that meme coins are currently showing sideways price movement, which might hint at an accumulation by large stakeholders.
However, overall, meme coins are not showing major strength against Bitcoin. The market capitalization of meme coins is lower compared to 2021 and he advised focusing on smaller-cap meme coins rather than big ones like Dogecoin.
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