A pseudonymous cryptocurrency analyst has revealed he is selling the remainder of his Ethereum holdings in order to buy more of Cardano’s ADA, as he believes the latter will outperform the second-largest cryptocurrency by market capitalization.
In a series of tweets the trader, known as Capo, told his over 135,000 followers that looking at the ADA/ETH chart he sees Cardano as “one of the best-looking majors” and is as such selling the rest of his ETH for it, after last month selling 75% of his Ethereum holdings....
Capo also looked at a Bitcoin price chart and noted the cryptocurrency is showing signs of strength after managing to hold its key support level at $30,000, as Daily Hodl reports. He analysts added that the longer the cryptocurrency maintains its langer...
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Written by Francisco Memoria.