Cryptocurrency markets are closely monitoring an analyst who has shared positive expectations for an alternative to Ethereum (ETH) and provided insights into the Beam (BEAM) gaming altcoin. The analyst also highlighted significant trends in other altcoins, noting a hundred percent surge in one particular token.

Opportunity Zone in SOL

Referred to as Altcoin Sherpa on social media, the analyst suggested that the native token of Layer-1 blockchain Solana (SOL) could potentially see substantial growth. Altcoin Sherpa recommended buying SOL at prices ranging between $168 and $208 without excessive speculation on short-term price movements.

Solana was valued at $187 at the time the article was published. Furthermore, Altcoin Sherpa addressed Beam and anticipated a potential drop of approximately 17% if critical support levels are breached, emphasizing a level of $0.026 as the next significant target.

100% Increase in ENA

Altcoin Sherpa reflected on Beam's trading price of $0.0316 and indicated that the Ethena (ENA) dollar protocol had witnessed over a 100% surge. This surge in ENA prompted the analyst to caution about possible significant pullbacks, attributing such market behavior to new launches and volatile fluctuations.

In conclusion, Altcoin Sherpa advised investors to consider market dips as buying opportunities in the short term. The original article can be found on COINTURK NEWS: Analyst Shares Bullish Expectations for Ethereum Rival and Updates on Altcoin Trends