The trader who accurately called this year’s crypto market collapse is laying out what digital assets he is currently bullish on amid the ongoing bear market.
ETH is trading at $1,334 at time of writing. The second-ranked crypto asset by market cap is up more than 2% in the past 24 hours.
XLM is valued at $0.113 at time of writing. The 28th-ranked crypto asset by market cap is down 0.05% on the day.
In addition, Capo says he’s holding the native asset of decentralized identity-verification blockchain Litentry (LIT) and Reserve Rights Token (RSR), a cryptocurrency that aims to facilitate the stability of the asset-backed stablecoin known as the Reserve Token (RSV). The crypto trader also says he has a bag of move-to-earn altcoin STEPN (GMT).
Capo’s bullish stance on a handful of altcoins comes as he predicts that Bitcoin (BTC) could jump up to $21,000 in the short term before reversing course and reaching a potential local bottom around $14,000. He says the “main trend” for BTC is still bearish.
“$21,000 is a very strong resistance. Altcoins could have scam pumps during this BTC move. Lock profits.”
Bitcoin is trading at $19,528 at time of writing. The top-ranked crypto asset by market cap is up more than 1.5% in the past 24 hours and nearly 2.5% in the past seven days.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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