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October 4, 2022
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Capo analyst: ETH to shoot up to $ 10,000 –

A well-known cryptocurrency analyst predicts Ethereum is at the start of another big price increase. It even provides the target ATH of the cryptocurrencies.

Ethereum goes for new ATH!

The analyst, known in cryptocurrency investor circles as Capo, is now updating his altcoin forecasts and revealing some of his target prices.

When it comes to Ethereum (ETH), Capo says that only “the sky is the limit” for the second market cryptocurrency in terms of capitalization. He is setting a $ 10,000 target, which he believes digital currency can reach.

Earlier this week, this popular cryptanalyst added that ETH also set its new reserve price and announced the start of the altcoin season:

“Second bold message of the year: ETH never again below $ 800… The logic behind it [sezonem na alty] the fact is that a large part of the profits generated in BTC affects altcoins. In addition, people feel more comfortable investing in riskier assets as the market is much better and the overall sentiment is optimistic. The risk tolerance is higher. “

Capo says the price action of the ETH / BTC pair, which could be a particularly important indicator of this season for altcoins, confirmed that the altcoin rally is already underway.

Hossa is not for everyone

Unlike the 2017 rally, the analyst warns that this time not every altcoin will be an opportunity to earn money.

One of the crypto-assets that Capo believes will grow is Litecoin (LTC). Capo says the LTC could hit $ 1,000 in this cycle, which would represent a price increase of about 500 percent compared to the current rate.

Capo is also very bullish about Cardano’s Smart Contracts (ADA) platform. Her token can now compete for $ 0.36-0.39. The trader believes that when the ADA goes beyond this range, he will have no problem reaching $ 1:

“Nothing has changed since the last analysis. [Cardano] hits the first target ($ 0.36-0.39). Above that level, it comes to $ 1.

Other altcoins Capo recommends include Balancer (BAL), Reserve Rights Token (RSR), and Waves (WAVES).

In the case of Balancer, Capo claims coin does “Perfect configuration”. Over the past seven days, its price has risen by just over 30%. As for Waves, Capo says altcoin is probably on the “Bullish path”, more expensive by 6 percent. in the last 24 hours.

Capo adds that RSR signals further growth based on technical analysis. RSR increased by 101% in the last seven days.

As for the major cryptocurrency, Capo updated its BTC forecasts on Wednesday, boldly stating that Bitcoin will never fall below $ 30,000 again.

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