A popular crypto trader who made a name for himself by predicting Bitcoins plummet to $4,000 in March of last year says that the biggest altcoin bull run in history is on the horizon.

The crypto strategist known as Capo tells his 37,300 followers that the current correction in the broader crypto markets is designed to shake out weak hands.

They are trying to keep you out of the biggest altcoin bull run in history.

The trader adds that sharp declines have the tendency to discourage retail investors from buying cheap.

Funny how everyone wants a dip to buy cheaper but when the dip comes, thats not enough for them. Pure greed.

As billions of dollars are wiped out in the crypto space due to the correction, Capo says he is extremely bullish on a number of altcoins.

One altcoin on Capos radar is Ethereum (ETH).

The trader believes that the leading smart contract platform is in the midst of a parabolic rally that will catapult ETH to as high as $10,000.

Capo is also looking at Syntropy (NOIA) which he says is also in a strong uptrend that can potentially send the coin to $0.8, representing an increase of 344% from its current price of $0.18.

And another opportunity below $0.20. Clear reaccumulation in my opinion.

Another altcoin on Capos list is Cardano (ADA). He says the fifth-largest crypto asset can surge over 270% if it can take out a key level.

Nothing has changed since the last analysis. Its reaching the first target ($0.36-0.39). Above that level, it goes to $1.

As for Solana (SOL), the trader expects the web-scale blockchain for DApps and marketplaces to rally and breach its all-time high of $4.89.

BuT SuPpLy iS gOinG to iNcreaSe sOon Trade the charts. Ignore the news.

The trader is extremely bullish on Litecoin (LTC) as well. He expects the coin dubbed as the digital silver to soar more than 681% from its current price of $129 after breaking out from a bullish reversal pattern.

Bullish. It has broken a key level with a high timeframe Adam and Eve bottom. It can reach $1,000.

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Crypto Analyst Says Biggest Altcoin Bull Run in History Coming Here Are His Top 5 Picks - The Daily Hodl

Popular crypto influencer and trader Tyler Swope has given his list of top 10 altcoin picks that could benefit from a market hype cycle.

Swope, who runs the YouTube channel Chico Crypto, predicted an altcoin hype season was about to begin in a video published January 8.

According to the trader, the layer-two financial product Matic Network (MATIC) has managed to generate $54 million in trading volume since launching in October 2020, drawing significant attention to the platform.

Swope also highlighted the decentralized platform xDai, which uses a stablecoin to execute payments.

He said,

They are decentralized perpetual contracts. Now the mainnet for Perp, it only launched three weeks ago Just in two days, January 4th and 3rd, it did $29 million alone in volume and the rest of the day since launch about $80 million. That is nearly $110 million as of January 4th.

The Chico Crypto host was high on the outlook for PowerPool (CVP) and prediction market platform Omen, which he said both had the potential to compete with larger products in the future.

Swope tabbed Loopring, Starkware and Matter Labs as three protocols using the zk rollup layer-two solution, which is capable of bundling hundreds of transactions into a single transfer.

He called Matter Labs the furthest along of the three in terms of smart contract execution, but noted the project had gone quiet in recent months.

Swope rounded out his top ten hyped altcoins with ethereum-based Optimism, Arbitrum and mainnet platform Fuel Labs.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Crypto Influencer Gives Top Altcoin Picks to Benefit From Hype Cycle - CryptoGlobe

Crypto influencer and trader Tyler Swope is naming ten under-the-radar projects that have the potential to blast off in the current altcoin hype cycle.

First on Swopes list is blockchain scalability platform Matic Network (MATIC), which he says is hosting a layer-two financial product that is racking up tens of millions of dollars in trading volume.

On Matic, its the number one DApp listed on their website, as we can see its Polymarket. This is prediction markets for real-world events and it went live on Matics layer two Of all the open market on Polymarket, it equals up to about $32 million in trading volume. Of the resolved since its October launch, about $22 million. So about $54 million since launch four months ago.

Number two is xDai, a decentralized platform using a stablecoin to power payments. Swope says xDai is hosting a financial product in Perpetual Protocol which he notes is printing hundreds of millions of dollars in trading volume.

They are decentralized perpetual contracts. Now the mainnet for Perp, it only launched three weeks ago Just in two days, January 4th and 3rd, it did $29 million alone in volume and the rest of the day since launch about $80 million. That is nearly $110 million as of January 4th.

Another project on Swopes radar is PowerPool (CVP). While the protocol for pooling governance tokens made the list, the crypto influencer highlights that PowerPools layer-two integrations are not yet complete.

Fourth is prediction market platform Gnosis which Swope says is building Omen, a product to compete against Matics Polymarket. However, the trader highlights that Omen has a lot of catching up to do.

Its no Polymarket yet. It only has done over $6 million in total volume since its launch.

Swope is also looking at Optimism, a project that aims to execute cheaper and faster transactions on the Ethereum blockchain by using rollups, which is a scaling method that enables Ethereum to keep compressed transactions on-chain while delegating computations such as contract execution off-chain.

Another project that Swope is keeping tabs on is Fuel Labs after the protocol put up their own rollup on the mainnet.

It only supports token transfers and swaps right now, no complex smart contracts, but like Optimism PBC, they say soon for hosting those.

Swope is watching the progress of Arbitrum as well. He says the project is closer to fully implementing rollups than Optimism and Fuel Labs.

The last three projects that Swope is keeping track of are protocols that use zk rollups, which are layer-two solutions that bundle hundreds of transfers in a single transfer while using the zero-knowledge proof approach to record and validate the block on Ethereum. Swope says the leading projects that rely on zk rollups are Loopring, Starkware, and Matter Labs. However, the trader says the protocols are still in development as they lack certain features.

Loopring has been pushing forward on the mainnet with theirs but again its just for token exchanges, and not for the full basket of smart contracts. Then with zk, theres also Starkware which is also going to scale ERC20 as well as NFTs (non-fungible tokens), and ERC721s. They went live with 2.0 StarkEx on December 2nd but this too, isnt for the full basket of smart contracts

But the furthest along with the zk rollup goal of smart contracts is Matter Labs with zksync as they have a testnet and Curve on top of it, launched back in October of last year. But since then, it has been quiet with no word regarding mainnet transfer of Curve yet.

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Crypto Trader Says Altcoin Hype Cycle Has Arrived, Lists 10 Projects That Could Blast Off - The Daily Hodl

The cryptocurrency market has opened the week's trading in substantial losses. The market is mainly painted red after Bitcoin pulled the majority of cryptocurrencies down. BTC slumped from price levels above $40,000 to an intraday low of around $32,000.

Altcoins appear to have suffered the most, asEthereum's 20% loss in 24 hours shows. Ripple was not spared the axe as it sliced through the support at $0.3 and retested the buyer congestion at $0.26. Litecoin bulls are also gasping for air downstream after losing over 20% of its value. The rest of the losses in the market are double-digit losses, as highlighted by CoinMarketCap.

The bellwether cryptocurrency revisited lower price levels marginally above $32,000 on Monday during the Asian session. The hunt for a local bottom occurred after overhead pressure increased under the new all-time high of around $42,200. Various tentative support levels did little to stop the losses including $40,000, $37,500 and $35,500.

On testing the buyer congestion at $32,000, Bitcoin had a reflex rebound above $35,000. Meanwhile, the price is teetering at $35,450 while bulls fight to shake off the bearish pressure. A downward sloping Relative Strength Index seems to have reinforced the bearish grip.

However, closing the day above the immediate support at $35,000 would call for stability while encouraging more buyers to join the market (due to lower prices). Enough volume/tailwind must be created behind BTC to support a sustained recovery back to levels beyond $40,000.

As observed on the 4-hour chart, the trend is generally in the bulls' hands based on the price trading above the three moving averages; the 50 SMA, 100 SMAand 200 SMA. Recovery lacks a catalyst to complete the leg up to $40,000.

BTC/USD 4-hour chart

If support at $35,000 caves, we can expect overhead pressure to increase significantly. Similarly, panic selling might grip the market if the daily support two at $32,000 is broken, while the bearish leg would have the potential to revisit support three at $30,000.

The flagship altcoin recently reached a new yearly high at $1,353 but was negatively impacted by the BTCslump to $32,000. Thus Ether retested support at $1,000, allowing bulls to avert losses to $900.

Ethereum is trading at $1,085 while fighting tooth and nail to reclaim the position above two key levels: $1,000 and the 50 SMA. Currently, the trend appears to favor the bulls as the RSI on the 4-hour chart reverses its motion above the oversold area.

A daily close above the above-mentioned critical levels may see Ethereum embark on the journey back to the yearly high. The move will also increase investor confidence in the token's ability to recover despite massive retracements.

ETH/USD 4-hour chart

On the flip side, Ethereum is not out of the woods yet because closing the day under $1,100 could increase the overhead pressure on the support at $1,000. If losses continue under this critical zone, the price may retest the next anchor at the 100 SMA, marginally above $900. Besides, the primary support lies at $700, but the 200 SMA may absorb some of the selling pressure around $770.

Ripple has suffered dearly in the recent crypto market retracement. From a yearly high of $0.3715, it tested $0.25. The 100 SMA aided in absorbing the selling pressure. Meanwhile, XRP is doddering at $0.285 while immediately supported by the 50 SMA on the 4-hour chart.

Trading past $0.3 remains the bulls' short-term priority. The price action will allow them to shift the focus back to $0.4 and $0.5, respectively. On the other hand, the ongoing recovery appears to have been reinforced by the RSI.

XRP/USD 4-hour chart

It is worth noting that the bullish outlook will be invalidated if XRP made a daily close under the 50 SMA or the 100 SMA. Support at $0.25 may also be retestedand, if broken, the down leg will extend to $0.20.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin bull cycle temporarily on hold as altcoins bleed - FXStreet

As we have seen in recent months, Bitcoin (BTC) and other cryptocurrencies are moving higher at very fast rates. This shows there is a growing interest in virtual currencies, including altcoins. This can be called an altcoin season.

When altcoins grow faster than BTC (or at least follow its growth), we are not in a Bitcoin bull run only, but also in an altcoin season. An altcoin season can be created due to different reasons, including BTC investors moving their funds to altcoins or retail investors searching for higher returns.

Chainlink (LINK) is one of the altcoins with the largest potential to continue moving higher in the coming months. The main question remains whether Chainlink will be able to outperform Ethereum in the first altcoin season in 2021.

Chainlink is one of the most innovative blockchain and cryptocurrency networks in the market. Chainlink works as a decentralized oracle network that offers tamper-proof and reliable inputs and outputs related to complex smart contracts on blockchain networks.

By using decentralized and trusted nodes, it is possible to provide highly accurate data or APIs to smart contracts. Blockchain networks cannot get the necessary information from the outside to execute smart contracts. This is why Chainlink is so important.

Using a flexible framework, Chainlink collects and retrieves data from APIs. This information is then connected with blockchain systems in the market and helps smart contracts execute with high accuracy.

The LINK cryptocurrency is used to pay for the different services offered by the Chainlink network. As Ethereum works with Ether (ETH), Chainlink uses LINK. Most platforms in the market have their own digital asset. In recent years, LINK became one of the most useful and popular virtual currencies in the world.

Chainlink aims at solving a wide range of issues faced by blockchain networks. First of all, Chainlink allows smart contract networks to receive information from outside sources. This increases the number of use cases of different distributed ledger networks. While before they were only able to rely on a few datasets, with Chainlink the opportunities are much larger.

Secondly, by using Chainlinks decentralized oracles, blockchain networks can solve reliability issues offered by using centralized solutions. Blockchain networks then use the information provided by the oracles and automatically execute the smart contracts.

Thirdly, blockchain networks were much simpler in the past. They were only able to rely on a few efficient and secure data points. With Chainlinks oracles, the opportunities for smart contracts are much larger.

Smart contracts can receive very complex and valuable data to be executed. Once they get the information they will be able to automatically execute. Developers have now the possibility to create new smart contracts connected to Chainlink Oracles.

If we talk about investments, LINK could be a great cryptocurrency to help investors add more value to their portfolios. Thus, Chainlink helps the problem of diversification for some investors that want to add more risk to their investments.

Smart contracts are agreements created through coding that get automatically executed once certain conditions are met. These conditions must be accurate. If a smart contract follows misleading data, it could end up triggering a set of other smart contracts and harming users.

The smart contracts on the Ethereum network are deployed using the Ethereum Virtual Machine (EVM). The EVM allows developers to run their smart contracts on top of the Ethereum blockchain. Once the smart contracts are deployed they can start gathering information from outside sources using blockchain oracles.

Lets use a clear example. A company has deployed a set of smart contracts on top of the Ethereum network. They rely on outside information to verify external events. For example, they may need data about prices, shipping information, or the temperature of an object.

By using reliable channels, Chainlink provides smart contracts with the necessary information they need in order to be executed. In this way, they receive secure and accurate data.

Chainlink could be a great investment to those that want to diversify their portfolios in the cryptocurrency market. If you are an investor that has Bitcoin, Ethereum and Litecoin, you could expand your portfolio and add LINK to it.

However, Im not a financial advisor or investor. This is just for educational purposes only. Never invest more than what you are able to lose.

That being said, LINK has become one of the largest cryptocurrencies in the world. This altcoin is expected to continue expanding in the future. As smart contract networks, including Ethereum, continue growing, LINK could be one of the leading altcoins in the market.

Ethereum is currently the second-largest blockchain network in the world. With a more mature market and new companies deploying their solutions on it, Chainlink will certainly become a key player offering accurate and reliable smart contracts. In addition to it, having a digital asset that has a lot of upsize potential is essential if you consider to invest in Chainlink.

Chainlink all-time high was registered a few months ago in August 2020. The virtual currency surged to almost $20 per coin. A few years ago, Chainlink was traded below $1. 2019 was a very positive year for the virtual currency. Chainlink surpassed $3.6 per coin and the bull market continued until now.

In BTC terms, LINK has also been growing over the last years. However, in recent months, BTC outperformed LINK. The future is open and LINK could surpass its previous all-time high close to $20.

Especially in an altcoin season, the virtual currency could move higher and outperform other coins. Nevertheless, we are not sure what can happen to it or to the entire cryptocurrency market.

Virtual currencies are very volatile and tend to experience times in which their value moves downwards for long periods of time. This is what happened to Bitcoin between the end of 2017 and the beginning of 2019. If you invest in LINK you should take that into consideration.

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Will Chainlink Outperform Ethereum in the First 2021 Altcoin Season? - Coinpedia Fintech News