An anonymous crypto analyst, known as Altcoin Sherpa, predicts that the decentralized GPU rendering blockchain project, Render (RNDR), will outperform the broader market. Altcoin Sherpa, who has a following of 216,400 on social media platform X, believes that RNDR has a strong market structure and recommends buying and holding the altcoin. However, he cautions that RNDR is not suitable for active trading due to its lack of volatility.

According to Altcoin Sherpa’s chart analysis, Render is currently holding the middle of its trading range as support and is expected to break out to the upside.

As for Lido DAO (LDO), a staking project on the Ethereum network, Altcoin Sherpa warns that it may soon retest lower Fibonacci retracement levels. He suggests bidding at a range of $2.10 to $2.30 for LDO.

Altcoin Sherpa also expresses bullish sentiment in the near term for Celestia (TIA), the native asset of the modular blockchain network. However, he advises caution as TIA may experience a decline in the coming months due to an upcoming token unlock, which could increase the sellable supply.

Regarding Polkadot (DOT), Altcoin Sherpa holds a bearish view. He describes it as a “failed chain” and does not expect it to outperform the rest of the market. While he does not recommend selling at the current price, he suggests considering selling during the next pump.

It is important to note that Altcoin Sherpa’s opinions are not investment advice, and investors should conduct their own research before making high-risk investments in cryptocurrencies. The Daily Hodl, where the article was sourced from, also does not provide investment advice or act as an investment advisor.