Popular crypto traders believe that one Ethereum-based altcoin is likely destined to rise by more than 3,000%.
Pseudonymous Crypto Analyst CredibleCrypto To tell His 336,100 Twitter followers recognize that CRV, the native token of decentralized finance (DeFi) platform Curve DAO, could explode in the next bull market.
Credible has set an initial price target at $1 to confirm the move up and the first resistance price level at $2-3. Analysts say CRV has a market cap of between $13 billion and $14 billion, with a price tag of around $20. Such a price increase marks a profit of about 3,178% from CRV’s current price of $0.61.
“Despite being seriously in the water with my spot CRV holdings, my confidence hasn’t wavered in the slightest. ) easy two-digit imo, the biggest move yet to come.You need to clear $1 to get the ball rolling.”
Credible is also eyeing Bitcoin (BTC), say it King’s crypto is set to hit an all-time high (ATH) in 2023, even though the majority of traders and analysts are leaning more bearishly, or at least expecting a longer consolidation period.
“Besides me, are there any big accounts expecting new ATH in 2023? , it’s really interesting that these lows require another six months or more of consolidation.”
short term, reliable To tell Bitcoin’s deactivation price is $15,997 and BTC could fall to the $16,300 to $16,500 range before rising further.
“Financing has reset and is back in neutral and looks like it needs to be pulled back a bit more here before it’s ready for the next leg. Disabling remains the same. It’s just an integration to get your feet up.”
Bitcoin is trading at $17,008 at the time of writing.
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Vo Thi Thao Lan/Nikelser Kate