A prominent analyst highlights an altcoin that can outperform Bitcoin (BTC) and 4 other altcoins in this bull cycle.
The person known in the industry as the Capo told his 180,000 Twitter followers that the Bitcoin dominance rate is trending up, but is likely to reverse if it meets strong resistance at 50.%.
The analyst says that the last time Bitcoin hit an all-time high, Bitcoin dominance also peaked and crashed, taking altcoins to the next level. A similar scenario could be imminent, according to Capo.
“Update BTC.D”
The change to the 49% – 50% zone is not excluded.
The last time BTC hit a new ATH, its dominance also peaked and declined.
Sooner or later, BTC.D will hit a new low. I will hold altcoins until this cycle ends. “
The source: Capo / Twitter
As capital flows begin to move in altcoins, analysts expect Ethereum to outperform Bitcoin. He noted that the ETH / BTC pair has formed a bullish structure and will soon hit an all-time high.
“After the strong rally, ETH / BTC forms an accumulation range. It will reach a higher low here and break out.
That will be good for the altcoin season. “
The source: Capo / Twitter
With Ethereum outperforming Bitcoin, Capo next predicts that Cardano (ADA) will outperform ETH, Binance Coin (BNB) will outperform Cardano, and Solana (SOL) will outperform Binance Coin.
An altcoin that the analyst suspect which will surpass everything is the intelligent contract platform Polkadot (DOT).
“Expected performance by the end of the cycle:
$ DOT> $ SOL> $ BNB> $ ADA> $ ETH> $ BTC “.
Polkadot is currently trading at $ 41, according to CoinGecko, after a strong rebound from $ 11 in July.
Ultimately, he predicts that the entire crypto market cycle will come to an end when Bitcoin trades above $ 150,000, an increase of about 145% from its current price.
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