- Render (RNDR): A closely followed crypto strategist says that the recent uptrend of the blockchain-based rendering protocol appears to be over for now, suggesting it could go down as low as $1.
- Binance Coin (BNB): The trader encourages traders to think twice about becoming overly bearish on BNB, predicting a potential test around the $220-$250 range.
- Chainlink (LINK): LINK could ignite a short-term rally should it hit a key support level near $5.50.
Overview of Altcoin Predictions
A well-known crypto analyst has made some predictions concerning three popular Ethereum-based altcoins: Render (RNDR), Binance Coin (BNB), and Chainlink (LINK). According to the trader, RNDR could drop to as low as $1 due to weak trading volume; BNB is expected to stay within its yearly range with a potential test around $220-$250; and LINK may see short-term rally near its key support level at $5.50.
Analysis of Render (RNDR)
The pseudonymous trader Altcoin Sherpa believes that the current uptrend of the blockchain-based rendering protocol Render is coming to an end due to its anemic trading volume in recent weeks. He predicts that prices will eventually drop below $1 in time.