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 Cardano This Year? Top Trader Unveils Giant 2021 Targets for ADA and Two Crypto Assets

$10 Cardano This Year? Top Trader Unveils Giant 2021 Targets for ADA and Two Crypto Assets

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Source: Daily Hodle

A closely-followed trader who continues to build his following with timely calls on the crypto market is revealing his giant targets for Cardano and two other digital assets.

In a new tweet, the pseudonymous crypto trader known as Capo gives huge end-of-the-year price predictions for Cardano (ADA), Bitcoin (BTC) and Ethereum (ETH).

 

Based on current prices, Capo’s predictions imply a 156% rally for BTC, a 302% increase for Ethereum and a 557% surge for Cardano.

The trader predicts that the Bitcoin Dominance Index, which compares BTC’s market capitalization to the rest of the crypto space, would continue to fall until October. The downtrend suggests that altcoins could be poised to make big moves in the coming months.

“My view on altcoins.”

Source: Capo/Twitter

Though altcoins have massively corrected against Bitcoin in the last few weeks, Capo says the pullback offers the chance to buy at lower prices.

“Yes, ALTS/BTC charts look like sh*t right now. But instead of complaining, try looking for opportunities. The best opportunities arise at times like this.”

As for Bitcoin, Capo highlights that BTC bulls are in control above $42,000 while bears have more influence on the market below $30,000.

“BTC simple.”

Source: Capo/Twitter

All in all, Capo is bullish on the crypto markets and expects parabolic rallies to lead us into 2022. He says things won’t turn out well for traders who try to short the market.

“Shorters will be destroyed.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dmitriy Rybin

The post $10 Cardano This Year? Top Trader Unveils Giant 2021 Targets for ADA and Two Crypto Assets appeared first on The Daily Hodl.

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Author: Daily Hodl Staff