Il Capo of Crypto, one of the most controversial analysts in the cryptocurrency world, interestingly announced in his statement that he thinks in favor of an altcoin.
According to the analyst, Polkadot (DOT) price has bounced slightly from the support level it currently holds. Surprisingly, il Capo claimed that the DOT price could reach $10-11 levels in the coming days. In the analyst's opinion, these levels could be extremely strong resistance points for DOT.
At the time of this writing, DOT is trading at approximately $7. This means an increase of around 50% if the analyst's prediction comes true.
However, the analyst also warned that a decline may follow the rise in the forecast chart he shared. According to il Capo, the price of DOT may fall from around $10 to around $2 later due to a sudden drop wave.
However, the analyst also touched on Bitcoin. According to the analyst, the next stop for Bitcoin may be around $44,000 to $45,000. However, il Capo claims that a clean break above $45,000 could bring $50,000.
*This is not investment advice.