A prominent crypto strategist who accurately predicted Bitcoin’s plunge to around $4,000 in March says Ethereum, XRP, and seven other altcoins are poised to break out as a new alt season emerges.
The trader known in the industry as Capo says bulls have likely regained control after Bitcoin’s correction has run its course.
“Bottom is in. We probably won’t see BTC below 18,000 anymore. Let the altseason begin.”
As bears take a step back and hibernate, Capo is keeping close tabs on nine altcoins that he believes will explode in the coming weeks or months. At the top of his list is Ethereum. The trader is predicting that the leading smart contract platform will ignite a parabolic run to nearly $10,000 in 2021.
“Anatomy of a BULLISH chart. P.S. Ethereum accumulation range was bigger than the Bitcoin one.”
Next in line is XRP. According to Capo, Ripple’s native asset will surge over 460% from its current price of $0.50 to $2.80 before May 2021.
“XRP. Not kidding. Many will be caught by surprise.”
Another altcoin on Capo’s list is Noia Network (NOIA) which is a project that seeks to upgrade the current internet infrastructure.
The trader says NOIA is in the early stages of a bull run that will catapult the altcoin to a high of $2.50 by Q1 2021.
Should NOIA follow Capo’s script, it will erupt over 941% from its current price of $0.24.
“Trend turning parabolic. 250% up since the first entries. Send it.”
Capo is also looking at decentralized oracle platform Chainlink (LINK).
The crypto strategist says LINK is in a massive parabola that will send the crypto asset above $100.
“LINK is forming a parabolic move inside another parabolic move.”
The crypto strategist is keeping a close eye on Cardano (ADA) as well.
He says the crypto asset is targeting $0.39 which represents a move of 160% from its current price of $0.15.
“ADA $0.36-$0.39 should be next.”
Other coins on Capo’s watchlist are decentralized data marketplace Ocean Protocol (OCEAN), multi-purpose blockchain Waves, and smart contract platform Zilliqa (ZIL).
In addition, Capo is looking at Reserve Rights Token (RSR), which is a crypto asset that is used to keep the price of Reserve Rights (RSV) stable.
As for Bitcoin, the analyst believes that the flagship cryptocurrency is now en route to an all-time high of $24,000.
Via: The Daily Hodlby