Token

Render

Polkadot

Sherpa

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-provide-insights-on-various-cryptocurrencies/" data-wpel-link="internal">Analysts Provide Insights on Various Cryptocurrencies</a><br></p>
<p>Experts known for their analyses in the <a href="https://en.coin-turk.com/key-developments-expected-in-the-crypto-market-following-spot-bitcoin-etf-approval/" data-wpel-link="internal">cryptocurrency market</a> continue to comment on the market daily. These predictions attract attention during days of price volatility. A famous analyst warned that an <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">AI-focused</a> altcoin might perform better in the broader market.</p> 
<h2 id="will-rndr-token-rise">Will RNDR Token Rise?</h2> 
<p><strong>Altcoin Sherpa</strong> commented on multiple altcoins on X, highlighting that Render (RNDR), a decentralized GPU operating blockchain, is moving with a strong market structure.</p> 
<blockquote> 
 <p>RNDR: I think it’s still a good place to buy and hold RNDR. I believe it will be a strong investment in the coming weeks. There’s no volatility, so it’s a poor active trading tool.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357917" src="https://coin-turk.com/wp-content/uploads/2024/05/rndr-coin-turk-com.png" alt="" width="919" height="513"></p> 
<p>The analyst noted that Render continues to maintain its price range as support and suggested that an upward breakout could occur. Render continues to find buyers at $10.02, following a roughly 3.29% drop in the last 24 hours.</p> 
<h2 id="ldo-coin-comments">LDO Coin Comments</h2> 
<p>Following RNDR, the analyst turned their attention to Lido DAO’s native token LDO, which serves as an Ethereum (ETH) staking platform. According to the analyst, LDO might test lower Fibonacci retracement levels soon.</p> 
<blockquote> 
 <p>LDO: Offering $2.10 – $2.30.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357918" src="https://coin-turk.com/wp-content/uploads/2024/05/ldo-coin-turk-com.png" alt="" width="917" height="516"></p> 
<p><strong>LDO</strong> continues to trade at $2.41 following a 3.40% increase in the last 24 hours.</p> 
<h2 id="tia-coin-comments">TIA Coin Comments</h2> 
<p>The analyst emphasized a bullish stance on TIA, the native token of the modular blockchain network Celestia. However, considering the upcoming locked supply, the analyst warned that TIA might fall in the coming months.</p> 
<blockquote> 
 <p>TIA: I think this chart looks quite good. I’m considering jumping on the train but will probably be patient. I expect some bullish news for people to buy it before unlocking in a few months. How do you create exit liquidity? I was pushing the chart up before. Don’t hold this for long.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357919" src="https://coin-turk.com/wp-content/uploads/2024/05/tia-coin-turk-com.png" alt="" width="920" height="515"></p> 
<p><strong>TIA</strong> was trading at $10.74 at the time of writing. The price movement in the last 24 hours indicated a roughly 0.78% drop.</p> 
<h2 id="analyst-s-polkadot-dot-comment">Analyst’s Polkadot (DOT) Comment</h2> 
<p>Lastly, the trader warned <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> about a bearish outlook on Polkadot (DOT), one of the well-known, high-volume projects in the market.</p> 
<blockquote> 
 <p>A close friend asked me about DOT today. He talks about a failing chain and something that got rekt. Will the price go up? Yes, it will rise in USDT (probably). Will it perform better than the rest of the market? Not likely. I’m not saying sell here, but if I were out, I’d sell the next rise.</p> 
</blockquote> 
<p><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-357920" src="https://coin-turk.com/wp-content/uploads/2024/05/polkadot-coin-turk-com.png" alt="" width="918" height="517"></p> 
<p>Polkadot is trading at $7 following a 2.12% drop in the last 24 hours. After the decline, the market cap fell to $10 billion, while the 24-hour trading volume reached $218 million after a 10% drop.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analysts-provide-insights-on-various-cryptocurrencies/" data-wpel-link="internal">Analysts Provide Insights on Various Cryptocurrencies</a></h5>

Analysts Provide Insights on Various Cryptocurrencies

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