Analyst il Capo Shares 3 Altcoins With Short-Term Bullish Charts, Also Warns The Whole Market About This Year

Experienced analyst il Capo of Crypto, who has been sharing his analyses on cryptocurrencies for a long time, reinterpreted the market in his latest update.

The analyst has issued a warning about the upcoming Tether (USDT) delisting, which will affect some cryptocurrency exchanges within the European Union. As it is known, cryptocurrency exchange Kraken will delist USDT, EURT, PYUSD, UST and TUSD stablecoins in the European Economic Area in accordance with MiCA rules, and users in this region will no longer be able to buy or sell these assets on the exchange. Starting from February 27, trading for these stablecoins on the exchange has switched to sell-only mode, and from March 31, all other stablecoins will be automatically converted to USDC.

According to il Capo, although this situation is limited to Europe for now, the pressure on stablecoins could increase globally in 2025. According to the analyst, in such a scenario, USDT could face even more difficulties.

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The analyst noted that he believes USDC is relatively safer, but he does not plan to hold any stablecoins this year, adding that one should be prepared for any adverse situation.

In addition, the analyst listed altcoins with bullish charts in the short term as NEAR, DOGE and ALGO.

*This is not investment advice.

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