A prominent cryptocurrency analyst, known as Altcoin Sherpa, predicts a significant rise in the value of the gaming altcoin BEAM. The expectation is based on the coin’s strong performance and potential to surpass other gaming crypto assets. However, Sherpa advises investors to seek a better entry point, given the current market conditions.
BEAM’s Bullish Trajectory Attracts Attention
Sherpa’s enthusiasm about BEAM’s prospects is evident on social media, where he hints at the altcoin’s readiness for dramatic gains in the ongoing bullish market. While optimistic about the coin’s future, Sherpa urges potential buyers to be prudent in timing their investments.
The gaming altcoin has recently hit record highs, fueling optimism among investors. BEAM’s expected upward trend aligns with the growing investor interest in gaming-focused digital currencies, and its recent performance supports Sherpa’s bullish forecast.
Consolidation as a Stepping Stone to Success
Drawing parallels to other cryptocurrencies like Chainlink and the DeFi project SuperVerse, which underwent extended periods of consolidation, Sherpa suggests that BEAM’s similar behavior could precede a significant price surge. The analyst points out that consolidation often leads to robust upward movements.
Sherpa highlights the allure of such altcoins for the patient investor. These are well-founded projects with substantial liquidity and market capitalization, exhibiting less risk and the potential for sustained price increases.
To support the analysis, Sherpa shares charts of LINK and SUPER, showing their growth following consolidation phases. These examples reinforce the potential for BEAM to follow a comparable trajectory.