A closely-followed crypto trader is revealing his giant price targets for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Polkadot (DOT).
In a new tweet, the pseudonymous trader known as Capo gives his 129,000 followers an initial price target for ADA in the $3.00 to $4.00 range and a staggering long-term target of $30.00.
“Friendly reminder just in case you forgot how bullish ADA looks.”
Based on recent price action following the big crypto correction that began last month, Capo sees a bottom forming in Ethereum (ETH). The trader says he still expects Ethereum to ascend to $10,000 before 2021 expires.
I still think we will see $ETH above $10k this year
— il Capo Of $NOIA (@CryptoCapo_) June 6, 2021
When it comes to Polkadot, Capo compares DOT’s price action to the Nasdaq 100 Index right before it rallied hard in September 2011. Based on Capo’s charts, DOT could continue consolidating before blasting off