A closely-followed crypto trader who built his reputation after nailing the 2020 crash in Bitcoin says he’s looking at five altcoins that can potentially explode this month while Bitcoin undergoes a pullback.
In a new tweet, the analyst known in the industry as Capo tells his 62,900 followers that he’s keeping a close watch on Firo (FIRO). According to the trader, the privacy-centric coin can erupt over 250% from its current price of $7.70.
“FIRO -Bouncing from the high timeframe golden zone. -Bullish volume (volume up + price up) – low timeframe bearish market structure break. Looking good.”
Up next is cybersecurity project Constellation (DAG), a coin that recently broke out after 16 months of consolidation.
“-Strong fundamentals.
-Huge accumulation range.
-Clean breakout + retest.
Send it!”
The third coin on Capo’s radar is Reserve Rights Token (RSR), the native asset of the unique stablecoin platform Reserve. According to the crypto analyst, RSR has the potential to rise over 600% from its current value of $0.08.
“Send RSR to $0.50 or higher.”
Capo says that Syntropy (NOIA), a project that aims to optimize the internet, is also on his watchlist. According to the crypto strategist, it can surge more than 122% against BTC from 0.000009 to 0.00002.
“NOIA/BTC This wouldn’t be crazy.”
The last coin Capo’s eyeing is Ethereum (ETH). Capo believes that the leading smart contract platform is brewing a bullish move against Bitcoin (ETH/BTC).
As for Bitcoin, the crypto strategist believes it will revisit support below $50,000 before resuming its ascent and climbing above $100,000 by June. Capo makes his prediction based on Bitcoin’s performance in March 2017.
“BTC possibility.”
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Featured Image: Shutterstock/Andrey Burmakin