The analyst who grew his following after nailing Bitcoin’s collapse in March 2020 says he’s eyeing an incredibly bullish long-term target for Cardano (ADA).
In a new tweet, the pseudonymous trader known in the industry as Capo says that he believes Cardano could ignite a massive 25x parabolic move from its price of $1.18 en route to a bull market top of $30.
- “ADA not going to lie, it looks very bullish for the mid and long-term.”
Cardano’s market cap would hover around $1 trillion if its price manages to skyrocket to $30.
Prior to hitting his remarkably bullish target, Capo thinks that in the mid-term, ADA can surge as high as $4.
Looking at ADA/BTC, Capo predicts that the pair is gearing up for a 100% surge from its current value of 0.00002 to 0.00004.
- “ADA/BTC Perfect S/R flip. Bullish.:
The trader is also bullish on Ethereum (ETH). He says the time for ETH to soar has come.
As for Bitcoin, Capo believes that the bottom is already in and that the leading crypto asset is primed to print gains of over 40% from its current price of about $57,000.
- “I’m not ******* selling. Within a few weeks, the price will pass $80,000, alts will fly, and you will regret having sold here.”