The analyst who predicted the end of the crypto cycle in 2021 came up with another bold prediction. Don't worry though, as this time the forecast is bullish.
Capo, who has about 950,000 followers on X, said the current drop in bitcoin prices could be a bear trap.
Although bitcoin has collapsed to $76K, which is lower than expected, Capo believes the bottom is not far away. He expects a strong rebound from current levels of $BTC.
The most interesting part of Capo's prediction is that the upcoming crypto rally will be led by altcoins.
He used his technical analysis skills like a wizard and said most altcoins have reached major support after a strong correction.
However, he also cautioned that bitcoin needs to come back and hold the $84K levels for continued upward growth. $BTC is currently trading at around $83 236.
To further prove his analysis, Capo pointed to the TOTAL2 graph. This is an index that tracks the market capitalization of all crypto assets, excluding bitcoins and stablecoins.
It maintains key support levels of $971 billion, suggesting a good upside setup.
Rumbles buy more bitcoins
While retailers are selling bitcoin in a panic, smart and long-term investors are using this as an opportunity to add "digital gold" to their portfolio.
Rumble, the popular video sharing platform, added about 188 bitcoins at an average price of $91K per coin. That's a total of $17 million.
This is part of the company's strategy against rising inflation and currency dilution.
We are proud to officially hold bitcoin as we continue to grow and embed crypto into our company's DNA - Chris Pawlowski, CEO of Rumble
In other news, Michael Saylor's MSTR also plans to purchase more $BTC. It currently holds over 500K tokens worth $42 billion.
It is worth noting that institutions such as these are not worried about short-term price fluctuations. They support crypto for the long term.
As mentioned above, top altcoins are expected to eclipse bitcoins in the upcoming crypto rally.
Bitcoin is still a fantastic store of wealth, no doubt, but if you want a chance to generate breathtaking returns, here are the most promising altcoins to buy.
BTC Bull Token ($BTCBULL) - the most promising altcoin to buy right now
As altcoins are set to overtake bitcoin in the next leg of cryptocurrency, a project like the BTC Bull Token ($BTCBULL), which is essentially a meme coin but designed to follow the tails of $BTC, may be your best bet. The developers will give away free $BTC every time the cryptocurrency surpasses a new milestone figure. The next one is $150K, for example, followed by $200K, $250K, and so on. Considering that BTC Bull Token is the only cryptocurrency offering real $BTC as a reward to token holders, this is undoubtedly one of the best cryptocurrencies to buy before the market explodes.
Additionally, thanks to regular token burn and marketing events, as well as the low redemption price of $BTCBULL, the token is likely to see a huge spike in price.
Where $BTC can give you 100x returns over the next 4-5 years, the BTC Bull Token can do that in just a few hours after listing.
One thing to note is that to get free $BTC, you need to buy and hold $BTCBULL in the Best Wallet app. The good news is that you can only purchase the token for $0,00241 as it is currently on pre-sale. Here's how to purchase the BTC Bull Token.
- Solaxy ($SOLX) - Solana Altcoin with real life application
Solana has become the blockchain for meme coins thanks to its fast transaction speeds and low fees. However, it has recently lost much of its allure due to the overwhelming response from altcoin investors. The launch of $TRUMP and Pump.fun, in particular, brought a wave of new investors to Solana and it has struggled to service them all. Along comes Solaxy ($SOLX), Solana's first ever tier 2 solution.
This is a revolutionary token that will alleviate Solana's pain points - network congestion, failed transactions and limited scalability.
Solaxy will do this by processing off-chain transactions, i.e. in a side-chain rather than in Solana's core network.
Additionally, it will perform transactions in batches, which will increase Solana's accessibility.
An altcoin with real utility, Solaxy, is projected to reach $0.2 by 2030. That's almost 120x the gain if you buy it now for just $0.001662.
The price is so low because the token is on pre-sale. It has already raised over $26 million, showing how much investors like it. For anyone interested, here's how to buy Solaxy.
- Cardano ($ADA) - One of the five altcoins in the US crypto reserve
Cardano saw an immediate 60% spike in price as soon as Trump announced its inclusion in the National Crypto Reserve. It is now the ninth largest cryptocurrency in the world in terms of market cap ($25.3 billion+).
The blockchain network is also working tirelessly to improve its utility.
For example, it has teamed up with Check Point to use cutting-edge AI technology and set new standards in smart contract security.
In addition, Cardano is also looking to improve its compatibility with Ethereum. This will help it gain a stronger position in gaming and DeFi.
Cardano's 2025 price forecast says the token could reach $3.10 in the next few months.
Final Thoughts
Although the aforementioned altcoins carry the potential for exponential growth, it's worth remembering that the market doesn't guarantee anything.
So you should only chip in with an amount you're happy to put aside. In other words, an amount that doesn't harm your sleep.
In addition, please do your own research before investing. We are simply offering our honest analysis and opinions, but none of this is financial advice.