A popular crypto trader who made a name for himself by predicting Bitcoin’s plummet to $4,000 in March of last year says that the biggest altcoin bull run in history is on the horizon.
The crypto strategist known as Capo tells his 37,300 followers that the current correction in the broader crypto markets is designed to shake out weak hands.
“They are trying to keep you out of the biggest altcoin bull run in history.”
The trader adds that sharp declines have the tendency to discourage retail investors from buying cheap.
“Funny how everyone wants a dip to buy cheaper but when the dip comes, that’s not enough for them. Pure greed.”
As billions of dollars are wiped out in the crypto space due to the correction, Capo says he is extremely bullish on a number of altcoins.
I cannot describe how bullish I'm on some altcoins.
— il Capo Of Crypto (@CryptoCapo_) January 10, 2021
One altcoin on Capo’s radar is Ethereum (ETH).
The trader believes that the leading smart contract platform is in the midst of a parabolic rally that will catapult ETH to as high as $10,000.
Capo is also looking at Syntropy (NOIA) which he says is also in a strong uptrend that can potentially send the coin to $0.8, representing an increase of 344% from its current price of $0.18.
“And another opportunity below $0.20. Clear reaccumulation in my opinion.”
Another altcoin on Capo’s list is Cardano (ADA). He says the fifth-largest crypto asset can surge over 270% if it can take out a key level.
“Nothing has changed since the last analysis. It’s reaching the first target ($0.36-0.39). Above that level, it goes to $1.”
As for Solana (SOL), the trader expects the web-scale blockchain for DApps and marketplaces to rally and breach its all-time high of $4.89.
“BuT SuPpLy iS gOinG to iNcreaSe sOon… Trade the charts. Ignore the news.”
The trader is extremely bullish on Litecoin (LTC) as well. He expects the coin dubbed as the digital silver to soar more than 681% from its current price of $129 after breaking out from a bullish reversal pattern.
“Bullish. It has broken a key level with a high timeframe Adam and Eve bottom. It can reach $1,000.”
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