A popular crypto trader, Cardano (ADA); He says it could break past all-time highs (ATH) as part of a broader altcoin rise, which includes a little-known altcoin project that it believes will rise.
The crypto analyst known by the alias Capo, with his 224,700 Twitter followers, is keeping an eye on the progress of smart contract platform Cardano, whose price action he has been tracking since December 2020.
“Second retest of previous ATH.
As long as it stays above this level, the next level should be the $3-4 level (the last ATH level). If it consolidates above that, we will probably see the $10 level.”
In his original tweet at the end of last year, Capo said that the price of ADA will reach the range of $0.36-0.39 from around $0.15. Since then, ADA has grown 20x to over $3.00 in September.
After several volatile months, Cardano has risen nonetheless nearly 10x since Capo’s initial forecast and is trading at $1.43 at the time of writing.
Looking at the broader altcoin market, Capo is trying to send an encouraging message for investors holding their investments during the recent market shake-up. The analyst expects the market cap of altcoins to explode in 2022.
“Victory awaits the survivors.”
Capo is also a relatively unknown, scalable and free blockchain that offers ease of use for real-world tokenization. Hathor (HTR) makes a bold prediction.
The famous analyst says the following about the project:
“The basics are really good.
If all goes as expected, I can see it exceeding $100.”
According to data from CoinGecko, HTR is trading at $1.79, down more than 11 percent in the last 24 hours.
The altcoin rallied to an all-time high of $2.45 in November before correcting to $1.07 on December 10. HTR had been trading below one dollar for a long time until it hit its ATH after the May market crash.
If HTR rises above $100 as Capo predicted, that would mean a huge 7146 percent gain for the token.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.