Although the leading crypto Bitcoin exceeded $ 27 thousand, it encountered a hard resistance at $ 28 thousand. The crypto market continues to struggle in the footsteps of its leader. However, the analyst nicknamed Crypto Capo, who we know with his bear stance in the crypto money market, insists on his stance. The analyst announced that he opened a short position for 5 altcoins in his latest posts.
Legendary analyst took a short position for 5 altcoins!
Knowing about Bitcoin’s collapses, the analyst nicknamed Crypto Capo has not seen a glimmer of hope in the market for a long time. The analyst kept his stance even when it was thought that a new bull run would begin and said that the bears were not ready to leave the market yet. That’s why the analyst pinned the message “Still short and strong” on his Twitter account.
Still short and strong.
— il Capo Of Crypto (@CryptoCapo_) January 17, 2023
Crypto Capo thinks the bear market is still here. Therefore, it determines its position accordingly. According to the analyst’s latest posts, ‘short’ continues to open positions. In his latest statements, Capo stated that he is adding more to his Polygon (MATIC) short position. Meanwhile, the analyst’s average entry price for the position is $0.96. However, Capo predicts that the altcoin price will fall as low as $0.29-0.30. Therefore, the analyst takes advantage of this opportunity, which corresponds to a 70% decline, by opening a short position.
Crypto Capo, in the continuation of his statements, says that 65% of his portfolio is held in cash in dollars. In other words, the analyst attaches great importance to keeping the ‘dry powder’ in hand to seize the opportunities that will arise. However, he allocates the remainder of his portfolio for short positions. The analyst says he has shorted Solana (SOL), Aave (AAVE), Binance Coin (BNB), and Tron (TRX). For the analyst’s accurate predictions cryptocoin.comYou can take a look at this article.
Polygon and Lucidao cooperating
Lucidao, a governance protocol that connects crypto holders with traditional business owners, announced that it has partnered with Polygon, a blockchain platform developed to build a multi-chain Blockchain system that integrates seamlessly with Ethereum. The announcement was made on Lucidao’s Twitter account. They said that thanks to this integration of the newly launched Altr marketplace, individuals will be able to obtain the most exclusive luxury collections using Blockchain technology, and it is built on Polygon, which symbolizes its fast and efficient nature.
Who says the iconic #Ferrari #F40 only rules the tarmac? @Lucidao_ is excited to bring you the #Altr marketplace, where the finest luxury collectibles can be purchased via the blockchain.
Built on Polygon 🚀$LCD #Altr #launch #onPolygon pic.twitter.com/u2wBYFXuE9
— Lucidao (@Lucidao_) May 27, 2023
According to the latest report, the famous Ferrari F40 will be the first car to feature on the Altr platform. Renowned for its exceptional quality, rarity and heritage, this iconic model was chosen as the opening bid for the automobile category. It also set a high standard for future listings. The Ferrari F40 was reportedly released in 1987 as a tribute to Ferrari’s 40th anniversary.
