Cryptocurrency markets closely follow an analyst who expressed bullish expectations for an Ethereum (ETH) rival and shared his prediction about the gaming altcoin Beam (BEAM) with investors. The senior analyst also addressed a different altcoin that recorded a hundred percent increase this week, issuing critical warnings to investors.
Opportunity Zone in SOL
Known as Altcoin Sherpa on social media platform X, the cryptocurrency analyst indicated that the native token of Layer-1 blockchain Solana (SOL) could reach much higher levels. According to Altcoin Sherpa, Solana offers potential accumulation opportunities at its current price. The senior analyst stated the following:
For SOL, my predictions are to buy between $168 and $208 and don’t overthink the price for the next few months.
Solana was trading at $187 when the article was written. Later, the senior analyst Altcoin Sherpa, who addressed the popular altcoin BEAM, suggested that the cryptocurrency could fall by about 17% from its current level if a major support level is broken on the daily timeframe. The analyst commented:
BEAM: This is still one of the few gaming tokens I have for this cycle, and I’ve held onto it for a very long time. It’s still circulating, and if it loses this level, next is $0.026. I won’t be selling anytime soon.
100% Increase in ENA
When the article about Beam was written, it was trading at $0.0316. Altcoin Sherpa also shared his prediction about the Ethena (ENA) dollar protocol, which has shown just over a 100% increase since the token creation event earlier this week, concluding his remarks by saying:
ENA: I think this will eventually pull back significantly, but I don’t know when. New launches can cause all sorts of odd nonsense due to lower fluctuations and crazy market makers. Dips are for buying in the short term.
