Capo Is Buying One Altcoin That’s Outperforming BTC and Crypto Markets
A widely followed crypto analyst and trader known as Capo, says he’s buying an altcoin that’s significantly outperforming both Bitcoin, Ethereum and the crypto market during the major market downturn.
In a recent Capo told his 135K followers on Twitter that he is steadily increasing his supply of Constellation Network (DAG), an open source platform designed to allow developers to build scalable blockchains.
According to CoinGecko, DAG is up over 58% on the week at time of writing. BTC is down 10% and ETH is down 17% in the last seven days time frame.
DAG is also outperforming over the last 30 days and is up 132% since May 23rd, while both Bitcoin and Ethereum recorded losses.
The trader lays out key levels for DAG / Bitcoin pair (DAG/BTC).
Capo analyses that DAG is in an accumulation phase against BTC, as the altcoin ranges between 0.000002 and 0.00000016 satoshis (sats).
Capo also retweeted a chart issued by Alpha/DLT’s Mark Cullen, which shows Bitcoin bouncing off a slight dip below the specified accumulation range and rising past $40,000 by the end of July.
