Altcoin

Trader warns of two AI-based altcoins that surged over 100x in two months, predicts 50% drop in best-case scenario

Published

10 months ago

January 4, 2025

A broadly adopted crypto dealer is warning about two synthetic intelligence (AI)-based altcoins, saying historical past exhibits a 50% drop can be the best-case situation for them.

In a brand new thread on the social media platform X, pseudonymous crypto analyst Altcoin Sherpa tells His 237,500 followers on social media platform

In line with Sherpa, current historical past exhibits that when belongings are listed on Binance futures, they have an inclination to see sharp value drops. The dealer mentions memecoins Fartcoin (FARTCOIN), Only a chill man (CHILLGUY), Moo Deng (MOODENG), Goatseus Maximus (GOAT) and Peanut the Squirrel (PNUT) as examples.

“I personal each ai16z and Zerebro and they are going to be listed on Binance futures. Current historical past exhibits that that is NOT a bullish occasion and you can typically anticipate a -50% retrace (FARTCOIN) at finest, or a lot worse (GOAT, Chillguy, Pnut, Moodeng).

GgSZ-sqWsAA66Mn — Supply: Altcoin Sherpa/X

The dealer’s chart exhibits that Fartcoin noticed a 48% drop in its Solana pair (FARTCOIN/SOL) after being listed on Binance futures. Nonetheless, the chart additionally exhibits that belongings recovered after which reached a brand new all-time excessive.

Earlier this week, Binance announced that it might increase its line of futures merchandise, together with choices for Zerebro and AI16z.

ZEREBRO and AI16z are buying and selling at $0.607 and $2.10 respectively on the time of writing. On November 3, they went as little as $0.0058 and $0.109, representing will increase of greater than 10,000% and 19,000%.

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