Sherpa

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 A widely followed cryptocurrency analyst says he’s long-term bullish on one gaming altcoin that’s flying under the radar.
 Pseudonymous trader Altcoin Sherpa tells his 207,100 followers on the social media platform X that he thinks open-source gaming blockchain Beam (BEAM) will likely outperform other altcoins in the crypto subsector.
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 According to Altcoin Sherpa, he sees BEAM going “way higher” during this bull market cycle.
 “BEAM: one of my big bets for gaming this cycle, bullish on this one. Wouldn’t advise you to buy around this region, would probably wait a bit more. That said, high time frame, I think this is going much higher.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGD-3B2WsAEaNGG?format=png&amp;name=4096x4096" alt="Image" width="2149" height="1179">
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 Source: Altcoin Sherpa/X
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 At time of writing, BEAM is trading at all-time highs at $0.102, up over 14% in the last 24 hours.
 According to the pseudonymous analyst, BEAM is one of the altcoins alongside the blockchain oracle Chainlink (LINK) and the cross-chain decentralized finance (DeFi) project SuperVerse (SUPER) that witnessed a long accumulation period before breaking out.
 Altcoin Sherpa notes that these coins tend to follow a similar pattern: a big move up, followed by a period of consolidation before the next rally.
 “These types of coins oftentimes make good/decent swing trades for those who are patient. This is because:
 -These coins are all fundamentally decent/aren’t going to go to zero.
 -Have decent liquidity and are higher market caps
 -Have already shown good strong sustainable moves in the past.”
 The analyst shares a chart that shows LINK breaking out of two accumulation periods.
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGEr6C_X0AExlW2?format=png&amp;name=4096x4096" alt="Image" width="2149" height="1179">
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 Source: Altcoin Sherpa/X
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 Chainlink is trading at $20.24 at time of writing.
 Meanwhile, SuperVerse also broke out of a multi-month consolidation period, based on the trader’s chart.
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGEr6DDXwAAGJbw?format=png&amp;name=4096x4096" alt="Image" width="2149" height="1179">
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 Source: Altcoin Sherpa/X
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 At time of writing, SUPER is worth $0.956, up over 11% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-this-gaming-altcoin-one-of-his-big-bets-for-crypto-bull-run-predicts-much-higher-prices-tbt79694.html">https://thebittimes.com/trader-says-this-gaming-altcoin-one-of-his-big-bets-for-crypto-bull-run-predicts-much-higher-prices-tbt79694.html</a>

Trader Says This Gaming Altcoin One of His ‘Big Bets’ for Crypto Bull Run, Predicts Much Higher Prices

TheBitTimes

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