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Recently, the crypto market fell into a bearish trend that forced the price of top altcoins like Ethereum (ETH) below $2,500 and Dogecoin to $0.24, leading to massive losses for crypto investors. However, amidst the dip, a banking analyst who turned a crypto millionaire has continued to remain bullish on an AI altcoin, WallitIQ (WLTQ), speculating that the AI altcoin has the potential to outperform Dogecoin by over 15,000% surge.
According to crypto analysts, the Dogecoin price faced rejection around the $0.40 mark and fell into a sharp downtrend, closing below its 200-day EMA of $0.31 in just 10 days. Dogecoin briefly saw relief to $0.33 and consolidated around it for some time before crashing by over 13% to $0.23. According to an analysis of the Dogecoin price chart, its relative strength Index on the daily timeframe has fallen below the oversold territory of 30 to 25, signaling strong bearish momentum. Its MACD also reinforces the bearish pressure by flashing a bearish crossover signal.
According to data from Coinglass, over $80 million was liquidated in Dogecoin as traders abandoned their positions. Therefore, crypto analysts suggest that if Dogecoin continues to crash, the meme coin could test its weekly support zone of $0.18. According to CoinGecko, Dogecoin has surged to $0.25 but retains its 8th position in the crypto market. Meanwhile, the massive liquidation has made crypto whales, including banking analysts, jump ship to safer investments in WallitIQ (WLTQ).
While the crypto market is battling intense bearish pressure, WallitIQ (WLTQ) has flourished in presale, bracing for a massive 15,000% surge as whales rushed into its ecosystem. The crypto whales, including the banking analyst, hurry to purchase AI altcoin WLTQ in presale at a low price of $0.0420 per coin. A 15,000% surge will take the AI altcoin to the $15 mark and give all early investors massive profits on their investments.
The banking analyst is optimistic that the AI altcoin will see this surge due to the AI-powered non-custodial crypto wallet on the WallitIQ (WLTQ) network, which aims to transform the crypto wallet sector with machine learning algorithms and decentralization. As a non-custodial wallet, crypto whales, including the banking analyst, are confident to trade and exchange cryptocurrencies because all their transactions will be devoid of third-party interference.
Aside from that, the predictive analytics tool on the platform, powered by AI algorithms, will help traders stay one step ahead and anticipate market shifts before they happen. The predictive analytics tool will also allow traders to benefit from a market surge or dip. WallitIQ (WLTQ) recently released an MVP version of its crypto wallet management mobile app, offering sleeker features like AI-powered automated crypto trading, simulated crypto trading, and the ability to manage multiple crypto wallets from a single interface.
As an MVP version, the mobile app is only available to users who purchase the AI altcoin in presale, another factor that draws banking analysts and other crypto whales to the platform. Meanwhile, users who hold the AI altcoin will also gain access to the platform’s governance, enabling them to participate in key decisions that affect the network, which include system changes and upgrades. Aside from that, users who hold the AI altcoin can stake it to receive up to 180% APR as a reward, boosting the profit opportunities on the network.
Like other crypto whales, the banking analyst shifted attention to WallitIQ (WLTQ), as its AI altcoin provides a haven for crypto investors with the crypto market facing heavy liquidation. The banking analyst is also confident that the AI altcoin is primed for a massive surge to $15, resulting in FOMO among other investors.
WallitIQ's (WLTQ) plan to release a beta version of its platform further strengthens the bullish momentum. The AI altcoin has been listed on Coinmarketcap, and the platform's smart contract has been audited by SolidProof, a top blockchain security firm. So there is no time to delay—hurry and buy WallitIQ (WLTQ) today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
