Renowned crypto analyst Altcoin Sherpa predicts that Render (RNDR), an altcoin project focused on artificial intelligence (AI), is set to outperform the overall market. Altcoin Sherpa, with a substantial following of 216,400 on the social media platform X, believes that RNDR has a solid market structure. While acknowledging its lack of volatility for active trading, he suggests that RNDR is a promising long-term investment. Looking at the chart, Altcoin Sherpa points out that Render is currently holding steady in the middle of the trading range as support and is poised for an upward breakout. As of now, Render is trading at $10.28, reflecting a nearly 3% increase in the last 24 hours.

On the other hand, Altcoin Sherpa cautions investors about Lido DAO (LDO), an Ethereum staking project, which might soon retest lower Fibonacci retracement levels. He sets a bid range of $2.10 to $2.30 for LDO. Presently, LDO is trading at $2.33, showing a 2.1% decline in the last 24 hours.

Altcoin Sherpa adopts a bullish stance in the short term for Celestia’s (TIA) native asset, which is part of a modular blockchain network. However, he warns that TIA may experience a decline in the coming months due to an upcoming token unlock. This increase in sellable supply is often perceived as bearish. Altcoin Sherpa advises investors to generate exit liquidity and push up the chart before holding TIA for an extended period. At present, TIA is trading at $11.11, reflecting an almost 2% increase in the last 24 hours.

Lastly, Altcoin Sherpa expresses a bearish sentiment towards Polkadot (DOT), an interoperability blockchain. He characterizes it as a failed chain that has suffered losses. While he expects DOT to experience a pump in USDT, he believes it is highly unlikely to outperform the rest of the market. Altcoin Sherpa does not recommend selling DOT at the current price but suggests considering selling during the next pump. Currently, Polkadot is trading at $7.23, reflecting an almost 2% increase in the last 24 hours.

Please note that the opinions expressed by Altcoin Sherpa in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are conducted at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl, including The Daily Hodl Mix, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor do they provide investment advice.