Cardano and Five Altcoins Set To Outperform Bitcoin As New Phase of Market Cycle Begins, Predicts Crypto Strategist

A popular crypto strategist and trader says six mid-to-large cap altcoins will likely shine brighter than Bitcoin (BTC) in the coming months.

The pseudonymous crypto analyst known in the industry as Capo tells his 173,000 Twitter followers that he expects big moves from the smart contract platform Cardano (ADA).

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ADA is currently trading at $2.28, virtually the same from a week ago after battling back from a low of $2.13 on Wednesday.

Capo, who uses Elliot Wave theory for much of his analysis, says ADA and a number of additional crypto assets appear to be at the start of a fresh altcoin season.

Elliot Wave theory is a form of technical analysis that aims to predict future price movements by identifying collective trader psychology that appears on charts in waves.

He points to a new bull wave that appears to be starting in the Altcoin Perpetual Futures Index as one sign of what’s to come.

“ALTPERP bullish trend is intact too. It’s also forming a potential cup and handle, whose minimum extension is very high. Maybe the w3 is starting here because many altcoins are starting their w3.

Source: Capo/Twitter

Capo is also looking for NOIA, the native token of the Syntropy ecosystem, to outperform BTC in the weeks and months ahead. Syntropy is an open-source protocol aimed at improving the internet via encryption and optimized performance. NOIA is priced at $0.40 at time of writing, up 14% over the past week, according to CoinGecko.

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Next on the analyst’s list is COTI, an enterprise-grade platform that allows organizations to build their own payment solutions and digitize any form of currency using the networked datastructure protocol Trustchain. CoinGecko pegs COTI at $0.52, down 14% from $0.60 a week ago.

Next up is the decentralized machine-learning network Fetch.ai. The FET token is valued at $0.75, down 35% from its all-time high of $1.17 in early September.

The Ethereum-based virtual world known as The Sandbox is also on Capo’s list of coins that appear ready to outrun Bitcoin. The platform’s native token SAND is designed to allow users to monetize their gaming experience. SAND currently sits at $0.79, having ranged between $0.76 and $0.88 since last Friday, according to CoinGecko.

Last on Capo’s list is the eSports and blockchain-based video entertainment protocol Verasity. Its native token VRA is up 60% over the last week to $0.05, including a 30% surge over the past 24 hours.

Capo further explains in a lengthy thread why he’s seeing a new altcoin season in the making. He says Bitcoin appears to be targeting the six-figure mark.

“During bull markets money tends to flow from Bitcoin to altcoins, because people [are] greedy and always want more profits.

Now Bitcoin is confirming the bullish scenario, and $100k and higher targets are likely to happen in the next few months. This would create the perfect scenario for people to get comfortable and start speculating on altcoins.”

He is also seeing signs that Bitcoin’s dominance of the overall crypto market cap will lower but does warn of the potential of a major correction in early 2022, which might end the altseason as well as the overall crypto bull cycle.

“Huge hidden bearish divergence showing up, and the green support is getting weaker.

In my opinion, it will take the 2018 lows (36.50%) and the altseason could end there.”

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Source: Crypto Capo/Twitter

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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.

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Crypto Trader Michaël Van De Poppe Plots Ethereum Path to $20,000, Predicts Rallies for Chainlink and Four Altcoins

Popular crypto analyst and trader Michaël van de Poppe is plotting Ethereum’s (ETH) price path to $20,000 while also predicting rallies for Chainlink (LINK) and four other altcoins.

The crypto strategist tells his 424,200 Twitter followers that he sees Ethereum following its 2017 bull market trajectory.

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“Beautiful comparison between ETH 2017 and ETH 2021. Had a similar structure in 2017, where it broke south with a correction of 50%. Now, the same price action takes place, with a correction of 35%. The path to $15,000-20,000 per ETH is still open.”

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Source: Van de Poppe/Twitter

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Source: Van de Poppe/Twitter

The crypto analyst is also bullish on decentralized oracle network Chainlink against Bitcoin (LINK/BTC). Van de Poppe sees LINK rallying to resistance at 0.0007 BTC, worth $29.42, and representing a 27% move from its current value of 0.00055 BTC ($23.11).

“Chainlink: the most undervalued coin in the top 20. I’m still bullish on this one and oracles.”

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Source: Van de Poppe/Twitter

The next coin on the trader’s radar is Elrond (EGLD), a blockchain platform designed to power distributed apps, enterprise use cases, and crypto transactions. According to Van de Poppe, Elrond is poised for a strong rally against Bitcoin (EGLD/BTC) to his target of 0.008 BTC, worth $336.25.

“This one is always one of the earliest runners. Earlier this year, February, it ran as one of the first coins too. Beautiful [support/resistance] flip. I think we hold that level and have another run to [0.008 BTC].”

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Source: Van de Poppe/Twitter

Next up is payments infrastructure platform COTI (COTI), which Van de Poppe says must stay above support at $0.48 or $0.41 to have a shot at igniting a surge of over 100%.

“Flip of either of those two levels and continuation towards $1 is likely.”

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Source: Van de Poppe/Twitter

Another coin on the trader’s radar is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony is gearing up for a 90% rally in its Bitcoin pair (ONE/BTC) from its current value of 0.00000368 BTC ($0.15).

“Massive [support/resistance] flip and bounce from this one here. That’s great! Looking at continuation happening, through which we might see a bit more correction before 0.000007 BTC ($0.29) is next.”

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Source: Van de Poppe/Twitter

The last coin on Van de Poppe’s list is decentralized machine-learning network Fetch.ai (FET). According to the crypto strategist, Fetch.ai looks bullish against Bitcoin (FET/BTC) after converting previous resistance at 0.000014 BTC ($0.59) into support.

“Probably ready for 0.00005 BTC ($2.10).”

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Source: Van de Poppe/Twitter

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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.

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Crypto Analyst Says Two Altcoins Ready To Rally, Bitcoin Bear Case Has Been Invalidated

A popular crypto strategist and trader believes the “bottom is in” after a rough week for many cryptocurrency investors.

The analyst, pseudonymously known as Capo, tells his 165,300 Twitter followers that price patterns suggesting Bitcoin (BTC) would fall below the $38,000 support level appear to be invalidated.

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“38k seems invalidated. It dumped to 39.5k and the inability to reach the lower target shows weakness from bears.

Bulls have shown strength breaking 44k with negative fundings, so I’m bullish.”

Now Capo is turning his sights on profiting from altcoins, saying it’s “impossible not to be bullish” on the market as a whole.

Capo is highlighting two altcoins in particular. First is the artificial intelligence blockchain project Fetch.ai (FET).

“This chart is incredibly bullish. Support/Resistance flip of the range high. Pump incoming.”

Source: Twitter/Capo

Also on his radar is financial technology (fintech) payment solutions platform COTI (COTI).

“COTI retesting the all-time high. Ready for another leg up. [Here’s] a better view of $COTI. Very bullish.”

Source: Twitter/Capo

FET is valued at $0.77 at time of writing, down 5% in the last 24-hours according to Coingecko, while COTI’s price is $0.51, up 11% in the last day.

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