In the constantly fluctuating cryptocurrency landscape, Bitcoin and other mainstream digital currencies recently faced a downturn. Nevertheless, the market has seen a quick turnaround with alternative cryptocurrencies (altcoins) not only recovering but also, in some instances, exceeding their former valuations. In this context, Crypto Capo, a renowned analyst, has put forth his evaluations, signaling a potentially lucrative period ahead for certain altcoins.
Optimistic Projections for AXS’s Comeback
Crypto Capo has cast a spotlight on AXS, which had previously soared to over $150 before plummeting to a low near $3.5 amidst the bear market. Currently, the altcoin’s value hovers around $11.46. Anticipating an upswing, Crypto Capo forecasts that AXS could ascend to a value range between $41 and $51, hinting at a potential quadruple increase from its present price.
SUSHI Expected to Hit Analyst’s Target Promptly
The outlook for SUSHI is similarly bullish, with Crypto Capo’s target appearing more immediately achievable. With SUSHI’s current trading price at $1.94, the analyst’s goal of $5.5 seems within reach. However, he cautions about the possibility of a swift correction post-rise. Notably, Crypto Capo has a reputation for his bearish stances, making this optimistic prediction particularly noteworthy.
Altcoin Dominance on the Rise
Beyond individual cryptocurrencies, Crypto Capo also speaks to the broader trend of altcoin dominance, currently pegged at 13%, excluding Ethereum. He anticipates that altcoins will soon carve out a larger slice of the market, reaching 16% dominance. This 3% leap could translate to a staggering $90 billion investment influx into altcoins—a scenario that would especially benefit smaller-cap cryptocurrencies.
