Crypto Trader Turns Bullish on Select Altcoins

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.”

Source: Altcoin Sherpa/X

At the 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.”

Source: Altcoin Sherpa/X

At the time of writing, ARC is trading for $0.22.

Looking at the mid-term timeframe, 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.”