5 Ways to Increase Acceptability of Cryptocurrency: From Skepticism to Mainstream Adoption
Leave a comment
Your email address will not be published. Required fields are marked *
2022-05-05 | Selina Mathew
On two Ethereum (ETH)-competing altcoins, a well-known cryptocurrency expert has expressed gloomy attitude.
Capo, a pseudonymous crypto expert, advises his 263,800 Twitter followers that the values of two layer-1 platforms might drop by more than 50% from where they are now.
Capo claims that the primary cryptocurrency of the smart contract-enabled blockchain, Fantom (FTM), is showing negative indications when compared to Bitcoin (BTC).
According to Capo, FTM might decline to at least $0.35 versus the US dollar in a three-wave corrective move based on Elliott Wave Theory. According to the idea, an asset's primary trend follows a five-wave pattern, whereas a correction follows a three-wave pattern.
Solana is up next (SOL). Capo depicts a gloomy scenario for SOL on a chart with no description, portraying the Ethereum competitor's native token declining by about 49 percent to 55 percent from the current price to between $40 and $45. According to Capo, Solana might then undergo a robust rebound after reaching the level last seen in August of 2021.
At the time of writing, Solana was trading at $88.69.
Capo also reiterates his previous "capitulation incoming" warning, predicting that the crypto markets would continue to collapse as Bitcoin and other altcoins all show bearish signs.
Your email address will not be published. Required fields are marked *
5 Ways to Increase Acceptability of Cryptocurrency: From Skepticism to Mainstream Adoption
The Bitcoin Savings and Trust Scam: The First Scam in the History of Bitcoin
The Birth of Bitcoin Exchange: A Look Back at the First Bitcoin Exchange
How Does Bitcoin Network Work? What Are BTC Nodes?