A closely followed crypto trader is flipping bullish on Sam Altman’s identity-focused crypto project Worldcoin (WLD).

Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that artificial intelligence (AI)-related Worldcoin appears like it could flip the $10 level into support.

He suggests that Worldcoin could also get a boost from the upcoming GTC conference hosted by Nvidia (NVDA), the leading provider of chips specially designed to train and run AI applications, which could increase interest in projects involved in the AI world.

“Six days until the NVDA conference [March 18 through 21] and WLD looks like this holding $10.”

Worldcoin is trading for $9.50 at time of writing, down nearly 7% in the last 24 hours.

Next up, the trader believes that Ethereum (ETH) competitor Solana (SOL) could soar more than 22% from its current value.

“Once SOL clears up $150-$160 zone, I think blue skies up until $200.”

Solana is trading for $163.81 at time of writing, up 10.5% in the last 24 hours.

Lastly, the trader thinks ETH competitor Avalanche (AVAX) has more upside potential after breaking the $50 level and experiencing high trading volume.

“Bought AVAX a little early before the drop. Unfortunately, I was out when we had the dip so couldn’t add.”

AVAX is trading for $54.24 at time of writing, up more than 29% in the last week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed analyst warns that the crypto market may be a few days from witnessing an extended corrective period.

Pseudonymous analyst The Flow Horse tells his 205,700 followers on the social media platform X that crypto traders appear to be exuberant following the marketwide rally over the last few weeks.

According to the crypto strategist, Bitcoin (BTC) will likely see one more move to the upside before printing a temporary top.

“I’m thinking we are pretty close to a decent length top. Months not years, obviously.

Thinking the halving +/- one month

Form a higher low and consolidate for a bit.

There is a lot of dispersion and plenty of signs are there. Also, it doesn’t help risk if NVDA (Nvidia) tops for a bit around the conference, which wouldn’t be surprising either.

One-to two-month consolidation after a push above $70,000 would be my guess.” 

But before crypto sees a broader correction, The Flow Horse says an event could trigger rallies for one group of altcoins. According to the analyst, the artificial intelligence (AI) crypto sector may witness a big burst to the upside in anticipation of the Nvidia GTC, an AI-focused global conference slated for March 18th.

“We are just [eight] days away from the Nvidia conference. Memecoins are currently the hotter segment of the meme/AI barbell. However, this should shift, just in time for a pivot back into AI, as people crowd in at the last minute for what is probably another really easy event-driven trade.” 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed trader says memecoins and an additional crypto subsector are likely to outperform the rest during this market cycle.

Pseudonymous analyst The Flow Horse tells his 204,000 followers on the social media platform X that traders who made big gains on memecoins will likely rotate their capital to other crypto assets and trigger another round of altcoin rallies.

“Forget the wealth effect from Bitcoin or ETH. The profit taking on memecoin capital will create another alt cycle.” 

Other than meme crypto assets, the top analyst is also bullish on altcoins that belong to the artificial intelligence (AI) subsector.

“Barbell AI and memecoins portfolio seems to be the [degenerate] play this cycle.” 

While The Flow Horse sees big potential for AI and memecoins, he warns that the crypto markets are starting to flash signals of being overheated. The trader is looking at altcoin funding, which tracks the fees paid by crypto traders who hold futures or margin positions.

According to the crypto strategist, altcoin funding is hovering at an elevated level, suggesting that a correction to flush out overleveraged traders may be in the cards.

“I’ll just say this. The last time we were about to break an all-time high (ATH), we spent a month consolidating under the level. Alt funding was around this level but ended up doing 2x these values after ATH break.

BTC dropped 20%, and a lot of alts dropped double that.

Right now we have four sessions all trading within the same tight range. Expect some f*ckery.

You can always treat the market like the S&P [500] – long and strong above ATHs (Bitcoin in this case), and defensive below.” 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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