Ethereum
Trader who nailed Bitcoin’s 2022 collapse says rival Ethereum with ‘strong fundamentals’ could surge up to 170%
A widely followed cryptocurrency trader who accurately predicted Bitcoin (BTC) crashing below $30,000 in 2022 points to a blue-chip altcoin that he believes has great upside potential.
The pseudonymous trader known as Capo tell its 841,700 followers on social media platformPOINT) manages to stay above the key support level at $6, Ethereum (ETH) its competitor could skyrocket up to 172% from its current levels.
“POINT.
Currently back on major support, after being rejected from resistance. If this support holds, we should see a rise towards the same resistance ($10 to $11) and if this level is broken, then it should reach $15 to $17.
Source: Capo/X
Polkadot is trading at $6.25 at the time of writing.
According to Capo, his bullish thesis for Polkadot is bolstered by the crypto project’s progress.
“Some solid fundamentals for Polkadot:
– Polkadot 2.0
– Parachains
– Polkadot gaming (migration from Mythical Games)
– AI (artificial intelligence) integrations like Phala Network (PHA).
Polkadot 2.0 refers to the main changes introduced by the network to improve functionality and efficiency. Phala Network (PHA) is an artificial intelligence coprocessor for blockchains.
Meanwhile, Web3 game developer Mythical Games announced plans moving from Ethereum to Polkadot months ago.
Moving on to Bitcoin, Capo said that the flagship crypto asset is in an “interesting support zone” where it could form the basis for a bullish move.
“There is strong demand between $59,000 and $61,000 and indicators look mostly bullish, so a rebound is likely. If BTC breaks the $65,000 resistance, I would look for $68,000 to $69,000 as a first target, and $74,000 to $75,000 as a second target.
Source: Capo/X
Bitcoin is trading at $60,877 at the time of writing.
Don’t miss anything – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3