A popular crypto trader who became well-known for predicting the drop in BTC’s price last year in March said that we’re going to see the biggest altcoin bull run in history.
Capo told his Twitter 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.”
He also made sure to point out the fact that sharp declines have the tendency to discourage retail investors from buying cheap.
— il Capo Of Crypto (@CryptoCapo_) January 11, 2021
“Funny how everyone wants a dip to buy cheaper but when the dip comes, that’s not enough for them. Pure greed.”
There have been millions of dollars wiped out in the crypto space due to the recent correction, but capo said that he’s bullish on some altcoins.
Ethereum is one of the coins on which he’s bullish. He believes that ETH has the ability to reach $10k.
Capo also addressed 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.”
Check out the original article posted by the Daily Hodl in order to learn more details.
Ethereum traders are bullish on the altcoin
Just like Bitcoin, Ethereum (ETH) suffered a correction the other day, and the coin dropped below $1,000.
At the moment of writing this article, ETH is trading in the green, and the digital asset is priced at $1,154.00.
It’s been revealed that the past week was a really emotional one for ETH traders. Cointelegraph notes that there were seven four-hour candles of 10% or even larger price movements.
The analyst is bullish on ADA
Another altcoin on Capo’s list is Cardano (ADA).
“Nothing has changed since the last analysis. It’s reaching the first target ($0.36-0.39). Above that level, it goes to $1.”