A prominent trader who built his following after accurately nailing Bitcoin’s collapse to $4,000 in March 2020 says that Ethereum (ETH) and Binance Coin (BNB) are primed to outshine Bitcoin in the coming months.
In a new tweet, the analyst known in the industry as Capo says that while BTC is grabbing headlines, his money is in Ethereum.
“Here is my bet: ETH will outperform BTC this year. By far. ETH is my second biggest bag. That’s enough bet.”
According to the crypto strategist, Ethereum is positioning to print gains of over 194% against Bitcoin (ETH/BTC) from its current value of 0.034.
“ETH/BTC 0.10 is written.”
Capo takes his analysis further by showing how ETH has been in a strong and steady uptrend against Bitcoin in the last 16 months.
“I see many jokes about ETH. The truth is that it has been trending up against BTC since September 2019 and each impulse is stronger than the last…”
Capo is also long-term bullish on Binance Coin against Bitcoin (BNB/BTC). Although he expects the pair to correct in the short term, he sees BNB/BTC building support above 0.0025 before surging to 0.02 by the end of the year.
“BNB/BTC.”
In addition, Capo is keeping a close watch on four crypto assets that he expects to erupt this bull cycle. He believes Chainlink (LINK) has the potential to increase over 194% after it held support of $15.
This bet is valid as well. https://t.co/9HYx1uWDup
— il Capo Of Ethereum (@CryptoCapo_) February 19, 2021
The trader adds that it is “inevitable” for Syntropy (NOIA) to hit $2, the Sandbox (SAND) to soar to $1, and Litentry to surge to $30.
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