Altcoin Predictions: RNDR to $1, BNB Tests $220-$250, LINK Rally Near $5.50

  • 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.

Analysis of Binance Coin (BNB)

Altcoin Sherpa cautions traders not become overly bearish on BNB, citing its long-term stability within its yearly range and noting that this isn’t an ideal area for shorting. He predicts that we may soon see a test around the price point between $220-$250 before any further breakdowns or movement up into the low 300s.

Analysis of Chainlink (LINK)

The crypto trader also shared his outlook on Chainlink, forecasting a bounce around the key support level at $5.50 if reached. He suggests waiting until there is further breakdown or movement up into higher levels before considering any short positions.


In summary, Altcoin Sherpa has given his predictions on three popular Ethereum-based altcoins: Render, Binance Coin and Chainlink, suggesting different strategies for each one depending on their respective market circumstances and potential risks involved with each investment decision.