Trader Who Called 2022 Crypto Crash Turns Bullish on Ethereum, Stellar and Three Low-Cap Altcoins
The trader who accurately called this year’s crypto market collapse is laying out what digital assets he is currently bullish on amid the ongoing bear market.
The pseudonymous trader known as Capo tells his 554,700 Twitter followers that he’s long on leading smart contract platform Ethereum (ETH) and XRP rival Stellar Lumens (XLM).
ETH is trading at $1,334 at time of writing. The second-ranked crypto asset by market cap is up more than 2% in the past 24 hours.
XLM is valued at $0.113 at time of writing. The 28th-ranked crypto asset by market cap is down 0.05% on the day.
In addition, Capo says he’s holding the native asset of decentralized identity-verification blockchain Litentry (LIT) and Reserve Rights Token (RSR), a cryptocurrency that aims to facilitate the stability of the asset-backed stablecoin known as the Reserve Token (RSV). The crypto trader also says he has a bag of move-to-earn altcoin STEPN (GMT).
Capo’s bullish stance on a handful of altcoins comes as he predicts that Bitcoin (BTC) could jump up to $21,000 in the short term before reversing course and reaching a potential local bottom around $14,000. He says the “main trend” for BTC is still bearish.
“$21,000 is a very strong resistance. Altcoins could have scam pumps during this BTC move. Lock profits.”
Bitcoin is trading at $19,528 at time of writing. The top-ranked crypto asset by market cap is up more than 1.5% in the past 24 hours and nearly 2.5% in the past seven days.
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