The figure of CAPO has drawn attention with his predictions in the cryptocurrency market, including recent trends concerning RENDER Coin and general expectations for altcoins.
Potential of RENDER Coin
Altcoins such as RENDER have recently entered a strong uptrend, partly driven by advances in AI technology. Currently, RENDER Coin stands at approximately $4.9, marking a 97% growth over the past two months. CAPO emphasizes a promising trajectory for RENDER, highlighting its reclaiming of the pivotal $4.25 level which may allow it to reach the target range of $6-$7.
Outlook for Altcoins in the Near Future
CAPO's evaluation suggests that if SOL Coin holds its price range of $170-$200, additional gains are possible. However, the current intensity of market rises hints at potential accelerated profit-taking. Various altcoins have already seen significant surges between 30% and 100%, but skepticism remains regarding the durability of these increases amid extended downturns.
CAPO's Strategies Amid Market Fluctuations
CAPO noted, "Certain altcoins might still achieve growth, but after realizing a 50% gain, I plan to prepare for a possible sudden market downturn by establishing a complete hedge position soon." This reflects CAPO's caution amidst market instability and high demands for his strategic approach.
With crucial international meetings on the horizon and potential policy changes, the direction of the cryptocurrency market remains dynamic. CAPO's strategies in the face of shifting political and economic climates may underpin his future actions.
