A outstanding crypto strategist and dealer is predicting new all-time highs for 2 low-cap altcoins as he outlines the potential paths forward for Cardano, Polkadot and Chainlink.
The pseudonymous crypto analyst often known as Capo tells his 138,200 Twitter followers that he’s retaining an in depth watch on the value motion of Phala Community (PHA), a privacy-preserving protocol for cloud computing providers.
In response to Capo, Phala may very well be gearing up for a 65% rally in opposition to Bitcoin (PHA/BTC) from its present worth of 0.00023 to a contemporary all-time excessive of 0.000038.
“PHA/BTC It appears bullish af. Parachain is coming.”
One other coin on the dealer’s record is the blockchain-based gaming ecosystem The Sandbox. Capo predicts that The Sandbox is poised to launch a rally to a brand new all-time excessive of 0.00004 in opposition to Bitcoin (SAND/BTC).
Given the pair’s present value of 0.000013, Capo’s goal value represents a possible improve of over 207%.
About to make a brand new [all-time high]. Setup is enjoying out completely, and it’s main the altcoin market.”
The third coin on Capo’s watchlist is interoperability chain Polkadot, which Capo says should flip 0.00055 resistance into help for bullish affirmation.
Not trying bullish but. I’ll anticipate bullish indicators.”
The crypto dealer can be eyeing the actions of decentralized oracle community Chainlink in opposition to Bitcoin (LINK/BTC). In response to Capo, he expects the pair to the touch help at 0.00034 earlier than kicking off the subsequent leg of its bull-market section and rallying near its all-time excessive of 0.00169.
Anticipating a final wave down to brush the earlier low. If it deviates beneath that degree after which reclaims it, it could be a very good purchase alternative.”
Capo says he’s additionally bullish on Cardano (ADA).
He sees ADA climbing in opposition to BTC for the rest of the yr, with an all-time excessive doubtless in late December.
“I repeat: not the time to be bearish on ADA.”
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