Capo of Crypto, who is known for his bearish views and is frequently criticized by investors for his bearish comments, evaluated altcoins on Telegram.
Il capo, who has been arguing for a long time that Bitcoin would reach $50,000, was successful in this analysis and BTC reached $50,000.
Stating that $50,000 will be the peak and that he expects a return from there, the analyst said that movement has started in altcoins.
The analyst, who expects a strong return in altcoins along with Bitcoin, stated that altcoins will rise one last time before this decline.
In addition, stating that this latest rise may be stronger in altcoins with low liquidity, il capo also announced that he bought altcoins that he thought had low liquidity.
İl Capo shared that the altcoins he bought were Uniswap (UNI), Sushiswap (SUSHI), Avalanche (AVAX) and Hedera (HBAR).
“Altcoins are starting to move. As we said before, this should be the last leg before a strong comeback.
But this recent move could be strong for some low-liquidity altcoins, which is why I added exposure to altcoins a few weeks ago.
These are UNI, SUSHI, AVAX and HBAR.”
In previous posts, İl Capo said that 30% of its portfolio consists of altcoins and 70% of it consists of cash.
*This is not investment advice.