The analyst who grew his following after nailing Bitcoin’s collapse in March 2020 says he’s eyeing an incredibly bullish long-term target for Cardano (ADA).
In a new tweet, the pseudonymous trader known in the industry as Capo says that he believes Cardano could ignite a massive 25x parabolic move from its price of $1.18 en route to a bull market top of $30.
“ADA not going to lie, it looks very bullish for the mid and long-term.”
Cardano’s market cap would hover around $1 trillion if its price manages to skyrocket to $30.
Prior to hitting his remarkably bullish target, Capo thinks that in the mid-term, ADA can surge as high as $4.
Looking at ADA/BTC, Capo predicts that the pair is gearing up for a 100% surge from its current value of 0.00002 to 0.00004.
“ADA/BTC Perfect S/R flip. Bullish.:
The trader is also bullish on Ethereum (ETH). He says the time for ETH to soar has come.
$ETH soon pic.twitter.com/WlEDTph5Nj
— il Capo Of Ethereum (@CryptoCapo_) March 26, 2021
As for Bitcoin, Capo believes that the bottom is already in and that the leading crypto asset is primed to print gains of over 40% from its current price of about $57,000.
“I’m not ******* selling. Within a few weeks, the price will pass $80,000, alts will fly, and you will regret having sold here.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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 loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Design Projects