Thursday, July 24, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Trader Who Nailed 2022 Bitcoin Meltdown Says Ethereum Rival With ‘Strong Fundamentals’ Could Surge by up to 170%

by SB Crypto Guru News
May 11, 2024
in Altcoin
Reading Time: 3 mins read
0 0
A A
0


A widely followed cryptocurrency trader who accurately predicted Bitcoin’s (BTC) collapse to under $30,000 in 2022 is naming a blue-chip altcoin that he thinks possesses big upside potential.

The trader pseudonymously known as Capo tells his 841,700 followers on the social media platform X that if Polkadot (DOT) manages to stay above a key support level at $6, the Ethereum (ETH) competitor could skyrocket as much as 172% from its current levels.

“DOT.

Currently at major support again, after being rejected from resistance. If this support holds, we should see a move up to the same resistance ($10 to $11) and if this level is broken, then it should reach $15 to $17.”

Image
Source: Capo/X

Polkadot is trading at $6.25 at time of writing.

According to Capo, his bullish thesis for Polkadot is bolstered by the crypto project’s progress.

“Some strong fundamentals for Polkadot:

– Polkadot 2.0

– Parachains

– Polkadot gaming (migration of Mythical Games)

– AI (artificial intelligence) integrations like Phala Network (PHA).”

Polkadot 2.0 refers to the key changes the network has introduced to enhance functionality and efficiency. Phala Network (PHA) is an artificial intelligence co-processor for blockchains.

Meanwhile, web3 gaming developer Mythical Games announced plans to pivot from Ethereum to Polkadot months ago.

Turning to Bitcoin, Capo says that the flagship crypto asset is at an “interesting support zone” where it could form the base for an upside move.

“There is strong demand at $59,000 to $61,000 and indicators look mostly bullish, so a bounce is likely. If BTC breaks the $65,000 resistance, I’d be looking for $68,000 to $69,000 as the first target, and $74,000 to $75,000 as the second target.”

Image
Source: Capo/X

Bitcoin is trading at $60,877 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

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 losses 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.

Generated Image: DALLE3





Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto UpdatesethereumFundamentalsLatest News on CryptoMeltdownNailedRivalSB Crypto Guru NewsStrongsurgeTrader
Previous Post

Coinbase’s Motion For Interlocutory Appeal Should Be Rejected, SEC Argues

Next Post

Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal

Related Posts

Pantera Capital Says Tipping Point for Tokenization Likely Approaching As Sector ‘Mirrors the Early Days of ETFs’

Pantera Capital Says Tipping Point for Tokenization Likely Approaching As Sector ‘Mirrors the Early Days of ETFs’

by SB Crypto Guru News
July 23, 2025
0

Crypto investment giant Pantera Capital says there is a “great on-chain migration” underway as tokenization moves from a concept to...

Court Error Seals 0K Crypto Scam Tied to Trump, MoonPay

Court Error Seals $250K Crypto Scam Tied to Trump, MoonPay

by SB Crypto Guru News
July 23, 2025
0

Enjoyed this article? Share it with your friends! A federal fraud case involving a cryptocurrency scam, and connected to figures...

Invincible GG Launches $IGGT to Power Its Gaming Platform

Invincible GG Launches $IGGT to Power Its Gaming Platform

by SB Crypto Guru News
July 23, 2025
0

Enjoyed this article? Share it with your friends! Bethesda, Maryland — July 21, 2025Invincible GG, an AI-first gaming studio developing...

Analyst Predicts Rallies for XRP, ADA, DOGE and Two Additional Altcoins Amid ,500,000,000 Capital Inflows Into Crypto

Analyst Predicts Rallies for XRP, ADA, DOGE and Two Additional Altcoins Amid $74,500,000,000 Capital Inflows Into Crypto

by SB Crypto Guru News
July 23, 2025
0

A widely followed analyst believes that five altcoins are poised for more rallies as tens of billions of dollars in...

Trader Says One Dogecoin Competitor Primed for New Leg Up, Predicts New All-Time Highs for Bitcoin

Trader Says One Dogecoin Competitor Primed for New Leg Up, Predicts New All-Time Highs for Bitcoin

by SB Crypto Guru News
July 22, 2025
0

A widely followed crypto analyst says that one Dogecoin (DOGE) competitor may be on the verge of an explosive breakout....

Load More
Next Post
Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal

Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.