By Tobi Loba
A pseudonymous crypto analyst and trader, identified on Twitter as KALEO, has predicted that the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH), are still poised to hit $100,000 and $10,000 respectively by 2022, despite the present situation in the market.
In a series of tweets, the trader stated that there will be more major alt season, more institutional and government adoption, coupled with more institutional and government FUD.
Read Also: Analyst Who Called $3,400 for Ethereum (ETH) Says $10,000 Is Next before the End of 2021
KALEO tweeted, “My predictions for the second half of 2021: – BTC enters 6 figure price discovery – ETH breaks above $10K – We see one more major alt season – More institutional / government adoption – More institutional / government FUD – Cryptunez gets a girlfriend – Bears remain bearish.”
My predictions for the second half of 2021:
– $BTC enters 6 figure price discovery
– $ETH breaks above $10K
– We see one more major alt season
– More institutional / government adoption
– More institutional / government FUD
– Cryptunez gets a girlfriend
– Bears remain bearish— K A L E O (@CryptoKaleo) June 17, 2021
Howbeit, KALEO pointed out that after the major breakout, bears will take over. He said Bitcoin will massively drop below $50,000 and Ethereum to drop below $1,000.
Read Also: Here’s Why Stock-to-Flow Creator Is Confident $288,000 Is Still In Play for Bitcoin (BTC)
KALEO tweeted, “My predictions for 2022/2023: – BTC back down to ~$50K – ETH back down below $1K – Alts die again – Bears who were bearish the whole way up from here to the top call for infinite clout – Major regulation comes against crypto. People call Bitcoin dead again (it isn’t).”
The trader further stated that most altcoins will lose massively and dash the hope of traders who have heavily invested in them:
Point I’m making with alts is basically everyone is going to get rugged eventually if the majority of your capital remains in shitcoins. It’s that simple. Plenty of $ to be made on the way up. More to lose on the way down. All part of the game.
Read Also: Bitcoin (BTC) Becomes $1 Trillion Market Cap Asset after Breaking above $54,000
Yeah a few will survive and a Good number will end up higher than where they are now 2024/2025 but in order for you to see that you’ll have to be one of those people that forgot about your worthless bag you held on an exchange you gave up on a long time ago and rediscover one day it actually isn’t worthless.
Follow us on Twitter, Facebook, Telegram, and Download Our Android App