Analyst Predicting the Recent Collapse; Announced 5 Altcoins Rise

The analyst, who was closely followed by the realization of his prediction of the recent collapse in the cryptocurrency market, the popular investment exchange, made statements that he expects a rise in 5 altcoins.

Capo, the anonymous cryptocurrency analyst whose prediction of the cryptocurrency market collapse in May-June that shook millions of investors, listed the altcoins he expects to rise amid the ongoing bear market. The famous analyst emphasized that investors should be careful and remember to take profits.

Altcoins on the Analyst's List:

The anonymous cryptocurrency analyst and trader known as Capo informed his more than 554,000 Twitter followers that he has taken a long position in leading smart contract platform Ethereum (ETH) and XRP rival Stellar Lumens (XLM). The analyst said he also holds the decentralized authentication blockchain Litentry's native asset LIT and the cryptocurrency Reserve Rights Token (RSR), which aims to ensure the stability of the asset-based stablecoin known as Reserve Token (RSV). The cryptocurrency trader also said he was holding a bag of STEPN (GMT). Capo's expectation of a rise in these altcoins is due to the fact that he expects the cryptocurrency leader Bitcoin (BTC) to jump up to $ 21,000 before turning its course to a potential bottom around $ 14,000. While the analyst stated that the main trend for BTC is still downward, "$ 21,000 is a very strong resistance Altcoins can make fake rallies during this movement of BTC. Don't forget to take profits," he warned.

BTC and Altcoins

Bitcoin, which sits in the leadership seat with a market capitalization of $ 374.8 billion, traded at $ 19,549, up 1.34 percent in 24 hours at the time of this article. BTC had declined to $ 18,342 on October 13 with negative inflation data from the US. The altcoin Ethereum (ETH), which is claimed to be on the rise, traded at $ 1,324, above $ 1,300, with an exit of more than 1 percent in the last 24 hours. In addition, XLM, one of the other altcoins that the analyst expects to rise, traded at $ 0.1125, XRP at $ 0.471, LIT at $ 0.7554, RSR at $ 0.006651 and GMT at $ 0.5843 at the time of writing. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account! The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.