The cryptocurrency market has been full of fluctuations lately. Analyst Il Capo, who reached the $ 50,000 target in Bitcoin, shared a remarkable analysis for altcoin projects. According to this analysis, altcoins have a chance to rise one last time. However, there is the potential for a big decline after this rise. Here are the details…
Altcoin comments from Il Capo: Big decline is coming
Analyst Capo of Crypto attracted attention with his posts on his Telegram channel. Cryptocurrency analyst il Capo, known for his bear market comments, shared a remarkable analysis for altcoins. Reaching the $ 50,000 target in Bitcoin, the analyst predicts that altcoins may rise one last time and then experience a major decline.
il Capo, in his post on his Telegram channel, stated that altcoins have started to move and this rise may be a last move. According to the analyst, this latest move will be stronger for altcoins with low liquidity. In line with this prediction, il Capo announced that it invested in low-liquidity altcoins such as Uniswap (UNI), Sushiswap (SUSHI), Avalanche (AVAX) and Hedera (HBAR).
Goals in Polkadot and Solana
il Capo continued his statements after his comments about altcoins. He also shared price targets, especially for Polkadot (DOT) and Solana (SOL). Stating that the first target for DOT is $ 10.68, the analyst expects a big decrease from now on. He predicts that with the decline, the price of DOT will fall below $2.
For SOL, the analyst expects a rise to the $130 resistance level, followed by a decline to $48.34. il Capo’s analyzes are followed widely in the cryptocurrency market. However, investors need to do their own research while taking these comments into consideration. It is also important that they make investments appropriate to their risk profile.
It is necessary to pay attention to Capo’s comments
il Capo’s comments are followed in the cryptocurrency market. However, it is critical for investors to do their own research while taking these comments into consideration. Still, Il Capo’s comments on altcoins serve as a warning for investors. According to the analyst, altcoins may rise one last time, but this rise may be followed by a big decline. It is important for investors to make their investments carefully, taking these comments into consideration.
Known for predicting that the crypto market would peak in early 2022, Capo continues to be widely followed. But despite early positive reviews, continued bearish predictions have attracted attention. In particular, the prediction that Bitcoin would fall to $12,000, which turned out to be false, sparked skepticism among market experts. Although many people doubt the analyst because of his anonymity and lack of disclosure of trading details, he has a large following.
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