The cryptocurrency market has become a rapidly growing and increasingly interesting field in recent years. Many investors pursue different crypto assets to look for potential profit opportunities and add diversity to their portfolios. On the other hand, cryptocurrency analysts and experts closely monitor the developments in the market and guide investors.
In this context, Altcoin Sherpa, a widely followed analyst who has gained an important place in the cryptocurrency world, predicts that a gaming altcoin that is on his radar will rise in the long term. Altcoin Sherpa specifically claims that the cryptocurrency called Beam (BEAM) will perform better compared to other altcoins.
The analyst has high confidence that Beam will experience a significant increase during the bull market cycle. In this context, he stated that Altcoin Sherpa BEAM could go “much higher” this cycle and investors should follow this asset closely. Altcoin Sherpa’s thoughts on BEAM are as follows:
“BEAM: One of my biggest bets this cycle, I’m bullish on this one. I wouldn’t recommend purchasing from this area, you can probably wait a little longer. However, on a higher time frame, I think this will move much higher.”
NEWS CONTINUES BELOW
According to the analyst, BEAM, along with Chainlink (LINK) and SuperVerse (SUPER), is one of the altcoins that witnessed a long period of accumulation before exploding. Altcoin Sherpa suggests that these cryptocurrencies tend to follow a similar pattern as states: a major rally followed by a period of consolidation before the next rally.
“Such cryptocurrencies often provide good/smooth transactions for those who are patient. The reason for this is:
-All of these coins are basically good/won’t go to zero.
-They have sufficient liquidity and have higher market values
-They have already shown good, strong and sustainable moves in the past.”
To support his thesis, the analyst shared a chart showing LINK’s exit from two accumulation periods.
Meanwhile, the SuperVerse has also emerged from a multi-month consolidation period, according to the trader’s chart.
You can follow the current price movement here.
