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Messari’s Top Crypto Analysts Reveal Their Bullish Stance on RNDR, Solana, and More

Analysts Reveal Their Bullish Stance on Crypto Tokens

Messari’s recent 2024 trend report has unveiled the bullish stance of its top crypto analysts on several tokens. Notably, they are bullish about RNDR, Solana, and a suite of AI tokens, while they remain bearish on others.

Intense Focus on Solana and Bitcoin

Analysts are particularly optimistic about Solana, which, alongside Bitcoin, has been identified as the biggest winner. This sentiment is driven by Solana’s recovery from the FTX collapse, with its price ratio showing a strong reversal.

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RNDR Token Captures Significant Attention

Render Token (RNDR) has captured significant attention, with analysts listing it as a major winner. This token, powering a distributed GPU rendering network, is believed to be at the forefront of combining blockchain with powerful AI and graphics processing capabilities.

Decentralized AI Pegged as Crypto’s Next Big Thing

Innovation in decentralized AI has been highlighted as crypto’s next killer app. Analysts are bullish on AI x Crypto, particularly on tokens like OLAS, AKT, TAO, and others, citing the potential for zk-coprocessors and on-chain cognitive frameworks to revolutionize the space.

Analysts Remain Cautiously Optimistic

Despite the enthusiasm for these tokens, analysts remain conscious of the risks. They acknowledge that more than 90% of meme coin traders lose their money, underlining the randomness of the meme coin “industry.” Additionally, they express skepticism about the recovery and growth of certain tokens, given their recent poor performance in the market.

The Future of Meme Coins and AI-Blockchain Convergence

Shiba Inu, for example, is struggling to make substantial gains, reflecting the challenges ahead for meme coins and tokens attached to specific applications or themes. However, the potential of AI and blockchain convergence, coupled with the solid fundamentals of projects like Solana and Bitcoin, seem to be the primary drivers of analysts’ optimism.

This article was originally published on U.Today

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