The analyst who predicted the end of the 2021 crypto cycle has come out with another bold prediction. Don’t worry, though, as it’s a bullish prediction this time around.
Capo, who has around 950K followers on X, said that the current dip in Bitcoin prices might be a bear trap.
Although Bitcoin plummeted to $76K, which is lower than what was expected, Capo believes that the bottom is not far away. He expects a strong bounce from current $BTC levels.
The most interesting piece of prediction by Capo is that the upcoming crypto rally will be led by altcoins.
He put his wizard-like technical analysis skills to work and said that most altcoins have hit major support after a strong correction.
However, he also ushered a word of caution that Bitcoin needs to come back to and hold the $84K levels for a bullish continuation. Currently, $BTC is trading at around $83,236.
To further prove his analysis, Capo pointed to the TOTAL2 chart. It’s an index that tracks the market cap of all crypto assets barring Bitcoin and stablecoins.
It has held the key support levels of $971B, suggesting a good bullish setup.
Rumble Buys More Bitcoin
While retailers are panic selling Bitcoin, smart and long-term investors are using this as an opportunity to add the ‘digital gold’ to their portfolio.
Rumble, the popular video-sharing platform, added around 188 Bitcoins at an average price of $91K per coin. That’s $17M in total.
This is part of the company’s strategy against increasing inflation and currency dilution.
We are proud to officially hold Bitcoin as we continue to grow and engrain crypto into our company’s DNA – Chris Pavlovski, Rumble CEO
In other news, Michael Saylor’s MSTR plans to buy more $BTC, too. It currently holds over 500K tokens worth $42B.
It’s worth noting that institutions like these are not bothered by short-term price fluctuations. They’re backing crypto for the long term.
As mentioned above, the best altcoins are expected to outshine Bitcoin in the coming crypto rally.
Bitcoin is still a fantastic store of wealth, no doubt, but if you want a chance at generating breathtaking returns, here are the most promising altcoins to buy.
1. BTC Bull Token ($BTCBULL) – The Most Promising Altcoin to Buy Right Now
With altcoins set to overtake Bitcoin in crypto’s next leg up higher, a project like BTC Bull Token ($BTCBULL) that’s fundamentally a meme coin but is designed to follow the coattails of $BTC might just be your best bet.
The developers will hand out free $BTC every time the crypto surges past a new milestone figure. The next one is $150K, for instance, followed by $200K, $250K, and so on.
Given that BTC Bull Token is the only crypto offering real $BTC as a reward to token holders, it’s undoubtedly one of the best cryptos to buy before the market explodes.
Furthermore, thanks to regular token burns and marketing events, as well as $BTCBULL’s low buying price, the token is highly likely to see a massive price jump.
Where $BTC might give you a 100x return in the next 4-5 years, BTC Bull Token could do that in just a few hours after listing.
One thing to note is that to get free $BTC, you must buy and hold $BTCBULL in the Best Wallet app. The good news is that you can buy a token for just $0.00241 as it’s currently in presale. Here’s how to buy BTC Bull Token.
2. Solaxy ($SOLX) – Solana Altcoin with Real-Life Application
Solana has emerged as the go-to blockchain for meme coins thanks to its fast transaction speeds and low fees.
However, it has recently lost much of its charm because of the overwhelming response from altcoin investors.
The launch of $TRUMP and Pump.fun, in particular, brought in a wave of new investors to Solana, and it has been struggling to cater to all of them.
In comes Solaxy ($SOLX), the first-ever Layer 2 solution on Solana.
It’s a revolutionary token that will relieve Solana’s pain points – network congestion, failed transactions, and limited scalability.
Solaxy will do so by processing transactions off-chain, i.e., on a sidechain rather than on Solana’s mainnet.
Additionally, it will carry out transactions in batches, which will increase Solana’s affordability.
The price is so low because the token is in presale. It has already raised over $26M, showcasing just how much investors like it. For anyone interested, here’s how to buy Solaxy.
3. Cardano ($ADA) – One of the Five Altcoins in the US Crypto Reserve
Cardano saw an immediate 60% jump in its price as soon as Trump announced its inclusion in the National Crypto Reserve.
It’s now the ninth biggest crypto in the world in terms of market capitalization ($25.3B+).
The blockchain network is also relentlessly working on enhancing its utility.
For instance, it has joined hands with Check Point to leverage cutting-edge AI technology and set new benchmarks in smart contract security.
Additionally, Cardano is also aiming to improve its compatibility with Ethereum. This will help it gain a stronger footing in gaming and DeFi.
Although the above-mentioned altcoins carry the potential to grow exponentially, it’s worth remembering that the market guarantees nothing.
So, you should only jump in with an amount you’re happy sidelining. An amount that doesn’t hurt your sleep, in other words.
Also, please do your own research before investing. We merely offer our honest analysis and opinions, but none of it is financial advice.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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