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Altcoin Sherpa, a well-known crypto analyst and trader, has expressed his anticipation for a long-term and robust surge in a gaming altcoin called Beam (BEAM), which he believes has the potential to outperform other altcoins in the gaming sector.
Anticipating a Strong Surge in BEAM
The experienced crypto analyst Altcoin Sherpa shared on his personal account on social media platform X that BEAM is ready to reach much higher levels during the current bull market cycle. However, the analyst recommends caution when buying in the current region and suggests waiting for a more favorable entry point. Altcoin Sherpa also emphasized the bullish outlook for BEAM in a higher time frame, predicting its upward potential.
Altcoin Sherpa’s bullish expectations for BEAM underscore the high interest and investor optimism surrounding the gaming altcoin. The analyst expects BEAM, especially after recently reaching its all-time highs, to move further upwards in the foreseeable future.
Analyst Emphasizes the Importance of Consolidation
According to Altcoin Sherpa, decentralized oracle network Chainlink (LINK) and cross-chain decentralized finance (DeFi) project SuperVerse (SUPER) also underwent a long consolidation period before making a strong breakout. The analyst highlighted that altcoins that remain in a consolidation phase typically tend to move upwards strongly.
The analyst emphasized why such altcoins are attractive for patient investors, stating, “These altcoins are fundamentally strong projects and are among those with the least risk of falling to zero. They have high liquidity and higher market values. They tend to show strong and sustainable price movements.”
Altcoin Sherpa shared a chart demonstrating LINK’s exit from two consolidation periods. The analyst also shared a similar chart for SUPER, indicating that this altcoin has risen after months of consolidation.
