Popular Crypto Trader Shares 2024 Predictions For These Three Altcoins

Murtuza Merchant

April 12, 2024

Popular pseudonymous crypto analyst Altcoin Sherpa on Friday shared his insights on three altcoins: Beam (CRYPTO: BEAM), Arbitrum (CRYPTO: ARB), and Render (CRYPTO: RNDR).

BEAM: A Bullish Bet On Crypto Gaming

Altcoin Sherpa expressed a “hugely bullish” sentiment on BEAM, describing it as a significant, indexed bet on the cryptocurrency gaming sector for the current cycle.

Despite its recent period of stagnation, the analyst remains committed to holding BEAM, viewing it not as a short-term trade but as a long-term hold.

“It’s just chilling the last several weeks. Still hugely bullish on this coin and it’s still an indexed bet on crypto gaming for this cycle. Going to just keep hodling, not a trade,” he tweeted.

Arbitrum Faces Challenges

The outlook for Arbitrum was less favorable, with Altcoin Sherpa predicting a potential decline in its price to $1.20 or lower.

The loss of the 200-day exponential moving average (EMA) was highlighted as a concerning technical development, possibly indicative of a larger retracement.

The analyst suggested a period of consolidation might be beneficial for ARB before any significant price recovery could occur.

“ARB: nasty price moves. I think this one looks like it's going to head to $1.20 or lower. I would like to see it consolidate and chill for a bit before forming a bottom,” Altcoin Sherpa explained.

Also Read: Hong Kong Poised To Approve Spot Bitcoin And Spot Ether ETFs: Report

Render Poised For Recovery

Regarding Render, Altcoin Sherpa advised traders to use Fibonacci retracements to gauge potential buy-in points, particularly focusing on the .382 and .50 levels.

Although expecting a possible drop to around $7.50, the analyst remains optimistic about Render’s prospects going into 2024.

“RNDR: you can now fib out the entire range and wait for the .382 and .50 fibs.

Strong coins like RNDR probably bounce a bit lower, aiming for the $7.50 level. Still bullish on this one though for 2024,” he noted.

Implications For The Future Of Digital Assets

These analyses are particularly timely as the cryptocurrency community looks ahead to Benzinga’s Future of Digital Assets conference on Nov. 19.

The event will likely explore the varying trajectories of gaming tokens like BEAM, as well as infrastructure projects like Arbitrum and creative industry tokens like Render.

Discussions will delve into how these assets are shaping the broader landscape of blockchain and digital currencies.

Read Next: Meme Coins Could Be The Secret Weapon For Web3 Adoption, Says Pantera Capital Investor

Photo: Shutterstock

Recommended

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

If You Missed Tesla, Here's Your "Second Chance"... - Ad

Trump Is Fast-Tracking These Three Companies - Ad

Mark Cuban, owner of the NBA's Dallas Mavericks, expressed his dismay upon learning that some of his employees were reliant on government aid programs.

Lockheed Martin, RTX, General Dynamics And Other Defense Stocks Rise In Friday Pre-Market: What's Going On?

Shares of defense stocks Rtx Corp (NYSE: RTX), Lockheed Martin Corp (NYSE: LMT) and General Dynamics Corp (NYSE: GD) climbed 4.6%, 4.2% and 1.2%, respectively during Friday pre-market trading session amid Israel's intensifying military operations in Lebanon and Iran.

Wall Street Says BUY GOLD, But...

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

US brings charges in North Korean remote worker scheme that officials say funds weapons program

WASHINGTON (AP) — The Justice Department announced criminal charges Monday in connection with a scheme by North Korea to fund its weapons program through the salaries of remote information technology workers employed unwittingly by U.S. companies.

Iran's Top Diplomat To UN Says Uranium Enrichment To Continue: An 'Inalienable Right'

Iran reaffirms commitment to nuclear program despite US strikes. Ambassador cites Non-Proliferation Treaty as justification. Impact remains debated.

This Is the Biggest Economic Story Nobody's Talking About (Yet)

This Is the Biggest Economic Story Nobody's Talking About (Yet) - Ad

One expert investor has recently visited Beijing, Singapore, and Hong Kong looking for the next big tech breakthrough. But it was a two-minute encounter at San Francisco's airport that stopped him dead in his tracks. It's part of a larger trend that PwC says could be worth $16 trillion and Goldman Sachs says could cost 300 million people their jobs globally.

China's humanoid robots generate more soccer excitement than their human counterparts

BEIJING (AP) — While China's men's soccer team hasn't generated much excitement in recent years, humanoid robot teams have won over fans in Beijing based more on the AI technology involved than any athletic prowess shown.

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

This week's business and finance highlights include Japan's rejection of Trump's auto tariffs, Boeing's scrutiny over a mid-air incident, Tesla's Robotaxi launch, BYD's dominance in Europe, and GM's massive vehicle recall.

Greenland has a message for the rest of the world: Come visit

NUUK, Greenland (AP) — has a message for the rest of the world: We’re waiting for you.

If You Missed Bitcoin, Nvidia, and Tesla...

If You Missed Bitcoin, Nvidia, and Tesla... - Ad

Missed Bitcoin, Nvidia, or Tesla? Jeff Brown - the tech insider who called them early - says your second chance is here. On July 23rd, a new AI breakthrough could launch a market 14X bigger than the ChatGPT boom. And you can get in for as little as $50.

Senate Republicans are in a sprint on Trump's big bill after a weekend of setbacks

WASHINGTON (AP) — After a weekend of setbacks, the Senate will try to sprint ahead Monday on big bill of despite a series of challenges, including the sudden announcement from that he won't run for reelection after opposing the package over its Medicaid health care cuts.

Nike Beats The Street And Says The Worst Is Over

Nike Inc (NKE) stock rallies after upbeat fiscal Q4 results. Analysts maintain Buy ratings, raise price targets, citing potential for growth.

A 64% Dividend From Gold?

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

Nations are meeting to drum up trillions to combat poverty — but the US isn't going

UNITED NATIONS (AP) — Many of the world’s nations are gathering starting Monday in Spain for a high-level conference to tackle the and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.

Dalai Lama To Deliver Major Address On 90th Birthday As China Tracks Succession Moves

The 14th Dalai Lama will address a major three-day gathering of Buddhist religious figures this week ahead of his 90th birthday.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

Asian shares are mixed after US stocks hit an all-time high

BANGKOK (AP) — Asian shares started the week with gains after U.S. stocks closed at an all-time high following their recovery from the shocks of the Trump administration’s

Walmart Heiress Takes On Trump With 'No Kings' Ad: White House Calls It 'Burning Some Of Her Inheritance For A PR Stunt'

Walmart heiress Christy Walton is encouraging people to protest Donald Trump, a move that could backfire for the retailer she owns stock in.

Trump's Exec Order #14154 Could Be a "Millionaire-Maker"

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

Apple Has the Potential To Crush Meta's Ray-Ban Smart Glasses, Says Ming-Chi Kuo, But The Tech Giant Has Been 'Surprisingly Slow'

Analyst Ming-Chi Kuo believes Apple has the potential to surpass Meta's Ray-Ban smart glasses, but notes the company's slow progress in this market could delay its dominance.

Quantum Stocks Surge And Stumble: Here's What Happened This Week

Quantum Computing announced a $200 million private placement, Microsoft's CEO said quantum computing could take scientific advancements to the next level and more from the week.

The Missing Ingredient for Big Tech's $3T Recipe?

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Elon Musk Net Worth Down $64 Billion In 2025 — But Tesla CEO Still Richer Than Value Of Ford, General Motors, Stellantis, Toyota Combined

Elon Musk's net worth is down 2025 alongside a drop in the share price of Tesla. A look at how Musk is still worth more than several automotive companies combined.

Boeing Rises 2.8% After Key Trading Signal

A significant trading signal occurred for Boeing stock, as it demonstrated a power inflow at $209.02, after which BA rose up to 2.8%.

If You Missed Tesla, Here's Your "Second Chance"...

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

China lifts a nearly 2-year ban on seafood from Japan over Fukushima wastewater

BEIJING (AP) — China has to seafood from Japan after a nearly two-year ban over the discharge of slightly radioactive wastewater from the tsunami-destroyed Fukushima nuclear power plant.

These are the celebs who are attending Jeff Bezos’ Venice wedding

VENICE, Italy (AP) — arrived in Venice on Thursday, leading a star-studded guest list of celebrities descending on the lagoon city for the weekend wedding of Amazon founder Jeff Bezos and Lauren Sánchez.

Trump Is Fast-Tracking These Three Companies

Trump Is Fast-Tracking These Three Companies - Ad

The Trump administration is planning to invest DIRECTLY in a small sector of the stock market... And they just revealed the names of three potential targets.

YouTube Contributed $55 Billion To US GDP, New Report Reveals: 'The Creator Economy Is Just Getting Started,' Says CEO Neal Mohan

YouTube's creative ecosystem contributed $55 billion to the U.S. GDP in 2024, marking a $20 billion increase from 2022, as CEO Neal Mohan highlighted the growing momentum of the creator economy.

SoftBank's Masayoshi Son Sets Sights On Artificial Super Intelligence Domination With Bets On OpenAI And Ampere: 'I'm All In'

SoftBank CEO Masayoshi Son aims to position the company as a leading platform provider in the artificial super intelligence sector within the next decade, with major investments in companies like Ampere and OpenAI.

Wall Street Says BUY GOLD, But...

Wall Street Says BUY GOLD, But... - Ad

California energy regulator recommends pause on plan to penalize excess oil profits

SACRAMENTO, Calif. (AP) — California should pause Gov. Gavin Newsom's plan to penalize oil companies if their profits climb too high, a top energy regulator said Friday while unveiling proposals aimed at addressing high gas prices.

Trump's Major Bill Advances In Senate Amid Late-Night Vote, SALT Provision Compromise Stirs Controversy

In a late-night voting session, Senate Republicans have successfully advanced a significant bill backed by President Trump.

This Is the Biggest Economic Story Nobody's Talking About (Yet)

This Is the Biggest Economic Story Nobody's Talking About (Yet) - Ad

LOCALIZE IT: Tariffs could impact next year's fireworks displays and sales; see state consumer laws

EDITORS/NEWS DIRECTORS:

Cramer Praises Monster Beverage As 'Smoking Hot,' Warns Investors About This AI Stock

Cramer recommends buying Okta (OKTA) as it reported strong earnings, but not to trust Nebius Group (NBIS), while Sweetgreen (SG) and Monster Beverage (MNST) have mixed views. He also suggests buying McDonald's (MCD) while their partnership with Krispy Kreme (DNUT) will end in 2025.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

PHOTO ESSAY: In rural Alaska, collecting driftwood saves time, money and brings jobs

GALENA, Alaska (AP) — As ice breaks on the Yukon River, Jake Pogrebinsky looks at the water from shore, searching for a large log floating downstream.

Trending Now

Bitcoin, Ethereum, Dogecoin Climb As Trump Labels Growing BTC Adoption As 'Great Thing': Sell Pressure On Largest Crypto May Be Fading Away, Says Analyst

Japan launches a climate change monitoring satellite on mainstay H2A rocket's last flight

A 64% Dividend From Gold? - Ad

Bitcoin, Ethereum, Dogecoin Rangebound As Fed Chair Jerome Powell Highlights Tariff-Induced Uncertainty: Analyst Says These 2 Levels Are Key For BTC

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 7% In Thursday Pre-Market (UPDATED)