A prominent crypto strategist and trader is predicting new all-time highs for two low-cap altcoins as he outlines the potential paths ahead for Cardano, Polkadot and Chainlink.
The pseudonymous crypto analyst known as Capo tells his 138,200 Twitter followers that he’s keeping a close watch on the price action of Phala Network (PHA), a privacy-preserving protocol for cloud computing services.
According to Capo, Phala could be gearing up for a 65% rally against Bitcoin (PHA/BTC) from its current value of 0.00023 to a fresh all-time high of 0.000038.
“PHA/BTC It looks bullish af. Parachain is coming.”
Source: Capo/Twitter
Another coin on the trader’s list is the blockchain-based gaming ecosystem The Sandbox. Capo predicts that The Sandbox is poised to launch a rally to a new all-time high of 0.00004 against Bitcoin (SAND/BTC).
Given the pair’s current price of 0.000013, Capo’s target price represents a potential increase of over 207%.
“SAND/BTC
About to make a new [all-time high]. Setup is playing out perfectly, and it’s leading the altcoin market.”
Source: Capo/Twitter
The third coin on Capo’s watchlist is interoperability chain Polkadot, which Capo says must flip 0.00055 resistance into support for bullish confirmation.
“DOT/BTC
Not looking bullish yet. I will wait for bullish signs.”
Source: Capo/Twitter
The crypto trader is also eyeing the movements of decentralized oracle network Chainlink against Bitcoin (LINK/BTC). According to Capo, he expects the pair to touch support at 0.00034 before kicking off the next leg of its bull-market phase and rallying close to its all-time high of 0.00169.
“LINK/BTC
Expecting a last wave down to sweep the previous low. If it deviates below that level and then reclaims it, it would be a good buy opportunity.”
Source: Capo/Twitter
Capo says he’s also bullish on Cardano (ADA).
He sees ADA climbing against BTC for the remainder of the year, with an all-time high likely in late December.
“I repeat: not the time to be bearish on ADA.”
Source: Capo/Twitter
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The post Crypto Analyst Predicts All-Time Highs for Two Altcoins, Maps Out Path Ahead for Cardano, Polkadot and Chainlink appeared first on The Daily Hodl.
