Bitcoin Analyst Capo Expects Sudden Increases in Altcoins Soon!
Crypto Capo, one of the popular analysts of the cryptocurrency sector, is coming to the agenda of the sector with his posts. The successful exchange has recently been analyzing altcoins. Underlining that he expects serious jumps in altcoins, Capo shared a similar analysis.
Expecting significant increases in altcoins with the events and steps to be taken in the coming period, Capo shared the following information on the subject in his latest analysis:
“Coinbase has launched cbBTC, an #ERC20 token backed by 1:1 Bitcoin that allows BTC holders to use DeFi platforms on Ethereum and Base.
This situation may result in more liquidity flowing into altcoins with the use of #BTC in #DeFi and may support the idea of an upcoming altseason. As $BTC enters these decentralized ecosystems, demand for altcoins should increase.
There are also some major events that could affect the market next week:
*Trump World Liberty Financial Announcement (X Spaces) – September 16
*FOMC and US Federal Reserve Rate Decision – September 18
*TOKEN2049 event – Singapore, September 18-19
*Solana Breakpoint 2024 event – Singapore, September 19-21
The timing is perfect. As previously mentioned, ALTS/BTC appears to have bottomed and #BTC is forming a new uptrend that could push it higher.”
Will altcoins be able to make sharp gains in the future as crypto investors and analysts like Capo expect? It is a matter of curiosity…
