Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Veteran Analyst il Capo Talks Bitcoin, Ethereum, XRP and Memecoins After the Market Drop: Is an Altcoin Bull Close?

Veteran Analyst il Capo Talks Bitcoin, Ethereum, XRP and Memecoins After the Market Drop: Is an Altcoin Bull Close?

BitcoinsistemiBitcoinsistemi2024/12/24 08:44
By:Mete Demiralp

Cryptocurrency analyst il Capo shared his new views on Bitcoin and altcoins in his statement.

Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, spoke in his statement following the decline in the Bitcoin price.

Bitcoin is trading at $92,500, about 14% lower than the previous all-time high of $108,000.

il Capo recently said that he thinks the next bull wave in the cryptocurrency market will be largely in favor of altcoins. He added that many Altcoin/BTC pairs appear to be in favor of the bulls.

Related News Bitcoin is Declining: But Is There a Need for FUD? Analytics Company Reveals the Real Truth

According to the analyst, the majority of Tier 1, artificial intelligence (AI), real-world assets (RWA), and DeFi tokens could reach new highs. Il Capo even thinks coins like Ethereum and XRP could also break new all-time high price records.

However, il Capo said that he is not bullish about Bitcoin. He said that the BTC price could reach a new record high of $110,000, but that altcoins will outperform BTC. He added that he has even less bullish views on memecoins. According to the analyst, the vast majority of memecoins have reached their local peaks, and although they may bounce in the coming days, he does not think they will be able to surpass their previous peaks.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Fidelity Launches Crypto IRAs

Bitcoin.com2025/04/02 23:00

Pi Coin Faces Price Drop as Community Discontent Grows

In Brief Pi Coin price fell below $0.70 amid decreased trading activity. Community expresses dissatisfaction despite high participation in the PiFest event. Market experts predict slow recovery without changes in current trends.

Cointurk2025/04/02 21:45
Pi Coin Faces Price Drop as Community Discontent Grows

Circle’s Bold Move: Going Public to Strengthen its Market Position

In Brief Circle filed for an IPO to enhance its market position in the U.S. The company anticipates a revenue growth to $1.68 billion in 2024. Investor confidence is crucial as regulatory environments evolve positively.

Cointurk2025/04/02 21:45
Circle’s Bold Move: Going Public to Strengthen its Market Position

Post meme-ism: Solana’s quiet pivot to utility

Solana may be in “recomposition” mode, as new protocols put usefulness ahead of mere virality

Blockworks2025/04/02 21:22