Which cryptocurrencies should investors keep an eye on? Santiment, a cryptocurrency analysis platform, recently shared a survey highlighting six promising cryptos that could see significant appreciation in the near future. The analysis focused on cryptocurrencies related to Artificial Intelligence (AI), as this industry continues to grow. Santiment specifically mentioned Render (RNDR), AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS), and Deri Protocol (DERI) as cryptocurrencies to watch. These projects have been gaining momentum and attention, with RNDR currently being the top trending asset.
In addition to AI-related cryptos, the analysis also emphasized the importance of keeping an eye on Cardano (ADA). According to the Relative Strength Index, many major cryptocurrencies are in light buy zones, including Cardano. This momentum oscillator suggests that Cardano could be a good candidate for buying on the dip.
A well-known cryptocurrency analyst also shared a bullish analysis on Cardano, predicting a potential bull run for the ADA cryptocurrency in the near future. The analyst, Ali Martinez, pointed out that historical trends indicate a parabolic run for Cardano’s price. He suggested that the recent 50% price drop could be a golden opportunity to buy ADA.
It’s important to note that the views and opinions expressed in this article are for informational purposes only and should not be taken as financial or investment advice. Investing in cryptocurrencies carries inherent risks and can result in financial loss.