Analyst Reveals Promising Setups for Altcoins ORDI, STX, and BEAM
A well-known crypto analyst has provided insights into three altcoins, highlighting one that he believes has the potential to skyrocket in the near future.
The pseudonymous strategist, Altcoin Sherpa, shared his thoughts on Twitter with over 200,600 followers. He expressed optimism about Ordinals (ORDI), a token focused on Bitcoin’s ordinals protocol. Altcoin Sherpa expects ORDI to surge to $60 and plans to exit the trade at that point.
As of now, ORDI is trading at $56.25, experiencing an 11.33% dip for the day.
Altcoin Sherpa also mentioned Stacks (STX), a project aiming to enable smart contracts and decentralized finance (DeFi) on Bitcoin. He advised traders to keep an eye on the $0.84 to $0.94 range as a potential entry point for long positions.
STX is currently trading at $1.04, reflecting a 12.3% decrease in the last 24 hours.
Altcoin Sherpa also highlighted Beam (BEAM), a crypto gaming project launched by the Merit Circle decentralized autonomous organization (DAO). He expects BEAM to experience significant growth in the coming months.
BEAM is currently trading at $0.015, indicating a 20% increase for the day.
Hot Take: Potential Upside for ORDI, STX, and BEAM
Analyst Altcoin Sherpa believes that Ordinals (ORDI) has strong potential for growth, with a target price of $60. Similarly, Altcoin Sherpa suggests keeping an eye on Stacks (STX) within the $0.84 to $0.94 range for potential long positions. Lastly, Beam (BEAM) is expected to experience significant growth in the coming months as a crypto gaming project. These altcoins present opportunities for traders seeking potential upside in the market.
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