A high-profile crypto strategist and trader is revealing 11 crypto assets that he plans to hold this month as he believes that altcoins are poised to ignite a massive breakout.
In a new tweet, pseudonymous trader Capo says that he plans to keep a bag of Syntropy (NOIA), a protocol that optimizes and encrypts the public internet for its users, Reserve Rights governance token Reserve Rights Token (RSR), and leading smart contract platform Ethereum (ETH).
[adinserter block="1"]In addition, Capo says he plans to hold cybersecurity project Constellation (DAG), decentralized exchange Balancer (BAL), privacy-preserving decentralized database Phala Network (PHA), oracle project Tellor (TRB), autonomous economy platform Sora (XOR), automated market maker PorkSwap (PSWAP), video and gaming protocol Verasity (VRA), and blockchain-based ecosystem Sand.
Some altcoins that I will hold in May:$NOIA$RSR$ETH$DAG$BAL$PHA$TRB$XOR$PSWAP$VRA$SAND
— il Capo Of Crypto (@CryptoCapo_) May 1, 2021
Capo says he expects altcoins to rally, particularly low-cap coins, as he believes the Others Dominance index, a chart that tracks the performance of the crypto markets excluding Bitcoin and other major altcoins has broken out of a massive five-year consolidation.
“Now is when people move from alts to BTC and alts pump a few days later. Very comfy being mostly in alts to be honest.”
Looking at NOIA, Capo believes that the altcoin is at the early stages of a massive parabolic move that would allow it to print gains of over 160% against Bitcoin (NOIA/BTC) from its current price of 0.00001229.
“NOIA/BTC. Someone said parabola?”
As for Reserve Rights Token, Capo predicts that it has an upside potential of over 220% against Bitcoin (RSR/BTC) from its current value of 0.00000155.
“RSR/BTC. This wants to pump hard.”
The trader is also watching the movement of Ethereum. He says the ascent of the second-largest cryptocurrency will not stop at $10,000.
“Always step by step, but I don’t think the ETH top for this cycle will be $10,000. It will be higher.”
At time of writing, Ethereum is en route to printing a new all-time high as it soars above $3,000, according to CoinMarketCap.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
[adinserter block="1"]
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Mia Stendal
