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.