Just as PlanB had its moment in 2021 with its accurate predictions, CAPO made a remarkable impression during bear markets with its forecasts. Every prediction came to fruition, and in 2022, CAPO successfully anticipated various price movements, major and minor. While skepticism surrounded others, CAPO was certain that a bear market was underway. Despite some missteps in 2023, CAPO swiftly adjusted, abandoning its bearish stance in favor of growth. The big question remains: what’s CAPO’s insight now?
RENDER Coin Analysis
The entry of altcoins like RENDER into a robust uptrend phase alongside OpenAI was witnessed. This shift ignited excitement, and as prices soared exponentially, a sustained focus on these altcoins became evident. Currently, a plethora of altcoins demonstrates their presence in the AI and GPU sectors.
At the time of writing, RENDER Coin hovered around the $4.9 mark, a notable 97% increase from its low 59 days ago. Amidst the ongoing upswing, CAPO shared the following chart discussing RENDER.
“Many asked about this, here it is. Honestly, not much has changed. It reclaimed the crucial $4.25 level and, as long as it stays above, the main target of $6-$7 remains in play.”
Still anticipating a rise close to $3, CAPO remains highly ambitious. If BTC maintains its strength, this goal for RENDER is certainly achievable.
Altcoins Commentary
In CAPO’s current evaluation, if SOL Coin holds the $170-$200 range, there could be further gains. However, the strength of the existing rise indicates accelerated profit-taking. While numerous altcoins have seen 30%-100% increases, such movements aren’t surprising. Nonetheless, it’s questionable whether the prolonged negative trends could continue after this brief upward phase.
“While some altcoins can still ascend, after a 50% profit, my plan is to begin preparing for a potential capitulation event (black swan) towards the end of the month by securing a full hedge position in the next few days.”
A meeting between China and the US is set for Saturday, with high-profile Chinese representatives attending. Furthermore, next week, tariff rates are expected to drop. An initial deal with the UK has been reached, with more agreements anticipated. Unless Trump unveils a new surprise to the world, CAPO might find their predictions inaccurate, as they did in 2023.
