A widely followed crypto trader who accurately predicted that Bitcoin (BTC) would crash below $30,000 in 2022 has named a blue-chip altcoin he believes has big upside potential.
A trader known by the pseudonym Kapo To tell His 841,700 followers on social media platform It is said to be a possibility.
“Dot.
After being rejected from resistance, it is now at major support again. If this support holds, we should see a rally to the same resistance ($10-$11), and a break above this level should reach $15-$17. ”
At the time of writing, Polkadot is trading at $6.25.
Capo said his bullish case for Polkadot is strengthened by developments in the cryptocurrency project.
“Polkadot’s powerful fundamentals:
– Polkadot 2.0
– Parachain
– Polkadot Games (Mythical Games Migration)
– Integration of AI (Artificial Intelligence) like Phala Network (PHA). ”
Polkadot 2.0 refers to major changes introduced to the network to enhance functionality and efficiency. Phala Network (PHA) is an artificial intelligence coprocessor for blockchain.
Meanwhile, Web3 game developer Mythical Games has announced. schedule I pivoted from Ethereum to Polkadot a few months ago.
When we turn our attention to Bitcoin, Mr. Capo To tell The flagship crypto asset is in an “interesting support zone” that could form the basis for a rally.
“There is strong demand between $59,000 and $61,000, and the indicators are mostly bullish, so a pullback is likely. If BTC breaks through the $65,000 resistance, initial targets include $68,000 to $69,000, 2 We will be looking for a target of $74,000 to $75,000.”
At the time of writing, Bitcoin is trading at $60,877.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me XFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3
