Market Trends Suggest Entry Points for AI Cryptos- Fetch.ai, Render

Author : Andrew Stauss | Published On : 27 Apr 2024

Fetch.ai (FET) and Render (RNDR) have both seen declines in their market value, with FET priced at $2.13 and RNDR at $7.94. Despite these decreases, both cryptocurrencies boast substantial market capitalizations of around $2.22 billion and $3.07 billion, respectively. However, they have underperformed against the broader crypto market and their respective ecosystems.

Altcoin Sherpa suggests that investors average into positions in FET and RNDR, starting at the 0.50 Fibonacci retracement level down to the 0.618 level, to capitalize on potential market upswings. As the market navigates ongoing volatility, these AI-focused tokens present intriguing prospects for investors willing to undertake informed and strategic approaches to their investments.