“The bubble of AI altcoins is about to burst! Traders warn of a significant drop in the short term”
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Famous trader Bluntz expresses concerns about AI (Artificial Intelligence) altcoins, warning that their bullish momentum may soon peak. Bluntz points out that many AI-related altcoins have shown clear signs of correction after months of rising.
Based on Elliott Wave Theory analysis, he notes that the market typically goes through three waves of correction after experiencing five waves of upward movement. Bluntz anticipates that the frenzy surrounding AI tokens will face serious challenges and may enter a period of correction.
Bluntz specifically mentions two tokens: AIXBT (an AI-driven market agent) and Fartcoin (a meme coin combined with AI-generated content). He believes that the bull market for these two tokens is nearing its end, especially for Fartcoin, which may face greater downward pressure. Although he initially expected AIXBT to undergo a larger correction, with the surge in Fartcoin holders, Bluntz states that he is more concerned about its short-term performance.
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