A widely followed crypto trader is turning bullish on a handful of altcoins as digital assets attempt to find a bottom.
The pseudonymous trader and analyst known as Altcoin Sherpa says he’s bullish on KAITO, an artificial intelligence (AI)-powered Web3 information platform.
He tells his 243,000 followers on the social media platform X that he’s looking to see KAITO rally above the $2.50 level, about 20% higher than current prices.
“KAITO just longed around this area, targeting $2.50 and higher. will take profits along the way, hope BTC is stable.”
At time of writing, KAITO is worth $2.09.
Also in the AI sector, Altcoin Sherpa says AI Rig Complex (ARC), a Rust-based AI agent framework, is likely sitting at a local bottom and is ready to head higher.
“I still have a bag of this and still feel pretty decent about it. It’s shown a lot of strength relative to other AI coins and, although the volatility is high on it, I still think this is the relative bottom. 200 exponential moving average on the four-hour acting as a stopping point and $0.19 still seems like a decent entry in my opinion.”
At time of writing, ARC is trading for $0.22.
Looking at the mid-term time frame, the trader names three of his top altcoin picks. His watchlist includes the layer-one blockchain Sonic (S), decentralized finance (DeFi) protocol Maker (MKR), and a toss-up of intellectual property-focused project Story (IP), Ethereum (ETH) virtual machine (EVM) chain Berachain (BERA) and KAITO.
“If I were to choose three coins to hold for the mid-term, they’d probably be:
S: good defi activity, strong rebrand, lots of $$ going on there + Andre
MKR: insane chart, continually grinding higher, strong og defi
prob one of BERA/KAITO/IP, all these new coins are strong.”
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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
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