Capo Predicts What Top Crypto Asset Will Outperform What – One Above All
According to a pseudonymous crypto analyst and trader known as Capo, there is one altcoin that will outperform Bitcoin (BTC) and the rest of the top 5 crypto assets during this bull cycle.
Capo shares with his 180K followers on Twitter that Bitcoin dominance, which is Bitcoin’s market cap compared to the rest of the crypto market, looks to be trending higher, but is unlikely to go beyond 50% level, meaning that Bitcoin’s total market cap won’t be worth more than the rest of the crypto market combined.
The trader reminds that the last time Bitcoin broke all-time high in May, Bitcoin dominance eventually topped out and dropped, sending altcoins rallying. Same scenario could well repeat itself this time around, he says.
“BTC.D update
Not ruling out the move up to 49%-50%
Last time $BTC made a new ATH, dominance kept rising for some days.
Sooner or later it will make new lows. I will hold altcoins until the end of the cycle.”
BTC.D update
Not ruling out the move up to 49%-50%
Last time $BTC made a new ATH, dominance kept rising for some days.
Sooner or later it will make new lows. I will hold altcoins until the end of the cycle. pic.twitter.com/qttJZiNpzI
Once Bitcoin dominance tops out, and capital starts moving into altcoins, Capo predicts Ethereum to outperform Bitcoin in a large scale. He points out that Ethereum in its Bitcoin pair (ETH/BTC) is already forming a bullish structure that suggests an all-time high is right around the corner.
“$ETH/BTC
Bouncing hard within a range that looks like reaccumulation. This is a higher low of a bullish structure. I wouldn’t bet for the downside.
With Ethereum outperforming Bitcoin, Capo lays out his predictions what top altcoins will outperform what: Cardano (ADA) will outperform ETH, Binance Coin (BNB) outperforming Cardano, and Solana (SOL) outperforming Binance Coin.
However, one altcoin will outperform them all, according to Capo: smart contract platform Polkadot (DOT).
