CandleFocus Veteran Analyst il Capo Talks Bitcoin, Ethereum, XRP and Memecoins After the Market Drop: Is an Altcoin Bull Close?
2024-12-23
Author: Content Editor
The article states that the price of Bitcoin has declined by 14% from its previous all-time high, currently trading at $92,500. Il Capo, a well-known cryptocurrency analyst, believes that the next bull wave in the cryptocurrency market will benefit altcoins. He predicts that many altcoin pairs will favor the bulls, and Tier 1, AI, RWA, and DeFi tokens could reach new highs. However, Il Capo is not optimistic about Bitcoin, stating that although it could reach a new high of $110,000, altcoins will outperform it. He also has a less positive view on memecoins, suggesting that most of them have already reached their peaks and may not surpass them in the future.
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