A well-known crypto analyst predicts a big win for artificial intelligence (AI) cryptocurrencies in the near future.
AI Cryptocurrencies Poised for Growth
Crypto Capo, a popular analyst on Telegram, believes the AI sector is about to outperform the rest of the crypto market. He points to Phala Network (PHA), a decentralized cloud computing platform, as a key indicator. Capo’s recent purchases of low-cap AI tokens like Phoenix (PHB) and Streamr (DATA) further support his bullish outlook. He stated that PHA’s strong performance suggests other AI cryptos are ready to break out. Currently, PHA is trading at $0.354.
Ethereum’s Potential Impact
Capo also looked at the Ethereum (ETH)/Bitcoin (BTC) pairing. He believes that if ETH/BTC rises above 0.041, it would be a very positive sign for both ETH and other altcoins. He noted that this pair has held steady for weeks, possibly forming a bottom, hinting at a potential price increase. At the time of writing, ETH/BTC is valued at 0.0357 ($3,438).
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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