A well-followed pseudonymous crypto analyst and trader, identified on Twitter as Capo, has shared his likely end of the year prices of three top cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).
According to Capo’s price prediction, there is a possibility to see Bitcoin (BTC) at $100,000, Ethereum (ETH) at $10,000, and Cardano (ADA) at $10 before the end of the year.
Based on current prices, Capo’s massive predictions imply a 156% surge for Bitcoin (BTC), a 300% rally for Ethereum (ETH), and a 557% increase for Cardano (ADA).
Capo tweeted, “BTC > $100k, ETH > $10k and ADA > $10 are still very likely this year.”
— il Capo Of $NOIA (@CryptoCapo_) June 13, 2021
The trader added that the Bitcoin Dominance Index that compares BTC’s market capitalization to the rest of the cryptocurrencies would continue to drop until October.
He further stated that the downtrend suggests that altcoins will likely make massive moves in the coming months.
“My view on altcoins.”
— il Capo Of $NOIA (@CryptoCapo_) June 11, 2021
Capo said although the prices of altcoins have notably dropped against Bitcoin (BTC) in the last few weeks, the pullback gives room for traders and investors to buy at lower prices.
“Yes, ALTS/BTC charts look like sh*t right now. But instead of complaining, try looking for opportunities. The best opportunities arise at times like this.”
Regarding the current status of Bitcoin, the trader said BTC bulls are in control above $42,000 while bears will completely take over once the price drops below $30,000.
— il Capo Of $NOIA (@CryptoCapo_) June 12, 2021
Conclusively, Capo remains bullish on the crypto markets, believing that parabolic rallies will usher digital currencies into 2022. He added that the shorters’ insinuation will be destroyed completely.