[ad_1]
A popular crypto-trader and analyst suggests the price of Ethereum could jump 430% by 2022.
The trader, known as Capo, says he is betting on Ethereum (ETH) on Bitcoin (BTC) if the crypto market enters a new bullish period.
He is also betting that ETH will reverse BTC’s market cap and become the top-ranked crypto asset in terms of valuation.
“If we get the 5th wave across the whole market, Ethereum will likely outperform Bitcoin, and the reversal will be likely.
I am long on ETH / BTC.
Capo says he expects the market to enter another bullish period before this cycle ends. He believes ETH will peak above $ 10,000 by next year, marking a 430% increase from its current price of $ 1,885.
“In my opinion, the top of the cycle will be above [$10,000].
There is no w3-w5 divergence yet and the fact that the extension after such a period of accumulation (2018-2020) was too short. It makes me think we’ll see another head start.
The trader adds that he is waiting for signs that the Polkadot interoperable blockchain (DOT) is ready to rally with BTC. Capo says he will consider buying DOT if he can recover key support against Bitcoin at around $ 16.90.
“DOT / BTC. It reaches support as expected. Not yet entered because it is better to wait for a rebound + HH (higher higher), or even bullish confirmation.
Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox
follow us on Twitter, Facebook and Telegram
Surf the daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their 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 that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling 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 / logoboom
[ad_2]
Source link