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Renowned crypto analyst il Capo of Crypto has sparked excitement in the crypto community with his latest views on a possible altcoin season.
In a detailed Twitter post, he outlined several factors that could pave the way for a rally in altcoins, from regulatory changes to technical indicators.
Capo said that January 20, 2025, is a crucial date for Donald Trump’s inauguration and the finalization of SEC Chairman Gary Gensler’s departure. Trump’s announcement that he will replace Gensler with Paul Atkins, a known crypto advocate, is expected to usher in pro-crypto regulations.
In addition, FTX’s $1.2 billion repayment plan, part of a larger $16 billion initiative, went live on January 3, 2025. Capo noted that this influx of liquidity could support crypto markets and potentially spark new demand for altcoins.
Capo gave an in-depth analysis of major cryptocurrency charts:
- Bitcoin (BTC): Despite the correction after the $100,000 milestone, Bitcoin has found strong support at $90,000-$92,000, with the liquidity zone extending to $110,000-$130,000. This stability could create room for altcoins to rise.
- Ethereum (ETH): Ethereum is recovering from the $2,800-$3,000 support zone after rejecting the $4,000 resistance level. A potential breakout could take ETH to a new all-time high of $5,000.
- Altcoin Market Cap: The combined market cap of altcoins is indicating a higher low, suggesting the possibility of new highs and price discovery.
- Solana (SOL): A strong support/resistance reversal and the possibility of a Solana ETF could push SOL to $300.
- Ethena (ENA): Despite recent corrections, strong fundamentals and partnerships point to aggressive upside potential.
Capo sees a shift in market trends. While memecoins were dominant during Trump’s election, he now expects a shift toward AI-focused and utility tokens. According to the analyst, projects such as Artificial Super Intelligence (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) are leading the way in the blockchain-AI space.
Low Market Caps: Projects like ZeusNetwork (ZEUS) and Phoenix (PHB) stand out because of their high-risk, high-reward potential, especially in the AI and Solana ecosystems, according to Capo.
Capo explained that 80% of his portfolio is currently in the market, diversified across Tier 1s, AI projects, and real-world asset tokens. However, he cautioned against overexposure and leverage, emphasizing risk management as key to navigating the market.
While the analyst is optimistic about the upcoming altcoin season, he tempered expectations by noting that 2025 may not mirror the explosive growth in 2021.
*This is not investment advice.