After a tumultuous week, the crypto market is holding on, attempting to balance out the losses and preparing for a recovery week. Bitcoin is currently hovering above $37000, with big gains, while other altcoins have only experienced minor gains. However, once Bitcoin recaptured the $38,000 level and buyers returned to the altcoin market, the altcoin market began to recover.
Anthony Di Iorio, co-founder of Ethereum, says he believes in the future of both Cardano and Polkadot. Di Iorio joined the Ethereum development team shortly after meeting Vitalik Buterin, the founder of Ethereum, at a Bitcoin conference in 2012.
When questioned about his current crypto portfolio in a new interview with Anthony Pompliano, Di Iorio lays down his assets and why he believes Polkadot and Cardano have potential.
Talking about his holdings he says that he believes in the top projects. He said that he is a big fan of Polkadot, Cardano, and also Charles. Di Iorio wants to keep things simple and invest in larger initiatives with his other crypto assets. The majority of his holdings are in the top few cryptocurrencies: Ether, Bitcoin, Cardano, and Polkadot. Cosmos is one of his favorites.
Polkadot and Cardano Price Outlook
Bearish start to the day saw Cardano price trading at $1.391477. Previous day close being 1.4513. ADA has struggled to clear trend line resistance. ADA will reverse this bearish sentiment if the price trades above the trend line resistance. The first resistance was $1.5223 followed by $1.593743. On the downside the support levels are $1.3794 and $1.3573
Polkadot is expected to stay in the $19.6 to $25 range for the next several days. The bulls were running out of steam to stave off impending losses. DOT is currently trading at $20.384 with resistance levels being $22.43 and $23.93 but if the bears take in charge then the support lies at $20.16 and $19.40.