A Promising Gaming Altcoin for the Crypto Bull Run, Says Trader
A popular cryptocurrency analyst believes that an under-the-radar gaming altcoin has significant long-term potential. Altcoin Sherpa, a pseudonymous trader with a large following on social media, predicts that the open-source gaming blockchain Beam (BEAM) will outperform other altcoins in the gaming sector. Although Altcoin Sherpa advises against buying BEAM at its current price, he believes that it will experience substantial growth in the future. At present, BEAM is trading at an all-time high of $0.102, showing a 14% increase in the last 24 hours.
Accumulation Periods and Breakouts
According to Altcoin Sherpa, BEAM is one of several altcoins that went through a long accumulation period before breaking out. Other examples include Chainlink (LINK), a blockchain oracle, and SuperVerse (SUPER), a cross-chain decentralized finance (DeFi) project. These coins tend to follow a pattern of significant upward movement followed by consolidation before the next rally. The analyst suggests that these coins make good swing trades for patient traders due to their solid fundamentals, decent liquidity, and previous strong performance.
LINK and SUPER Breakouts
Altcoin Sherpa shares charts showing LINK and SUPER breaking out of their respective accumulation periods. LINK is currently trading at $20.24, while SUPER is worth $0.956. Both coins have experienced double-digit gains in the past 24 hours.
By identifying BEAM as a promising gaming altcoin and highlighting the breakout patterns of LINK and SUPER, Altcoin Sherpa provides valuable insights for crypto investors looking to capitalize on the bull run.
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