A popular cryptocurrency analyst and trader has revealed his expectations for the two altcoins as the digital asset markets are on the rise.
Starting with the pseudonymous analyst Smart Contracter Shiba Inu (SHIB), the meme coin is “going according to plan” based on the bullish idea he shared earlier this week to his 213,500 Twitter followers. told.
Recently, Smart Contracter predicted that the Shiba Inu would follow in the footsteps of the emerging meme coin Dogecoin (DOGE).
“If you missed DOGE, and that’s okay by the way, you have a chance to get into SHIB with all the other people who will buy DOGE thinking they missed it.”
Looking at the chart, the analyst seems to predict that SHIB will significantly outperform Bitcoin, just as Dogecoin has done over the past few weeks.
Shiba Inu, a meme coin built on the Ethereum (ETH) blockchain, is trading at $0.0000125 at press time.
Smart Contracter, which also examines the decentralized finance (DeFi) altcoin Curve DAO (CRV), says that the 84th largest crypto asset by market cap is on the verge of breaking after forming a reversal pattern on the daily chart.
“Nice reverse head and shoulders setup in a few months downtrend breakout on CRV.”
This pattern, which the analyst is talking about, is a pattern that indicates that a falling trend is ending and an ascending trend will begin.
Looking at the chart, the trader seems to be targeting $1.62 for the CRV, which indicates around 60% upside potential for the Ethereum-based token.
In June 2018, with Bitcoin trading above $6,000, Smart Contracter predicted that the flagship crypto asset would drop to exactly $3,200. Six months later, Bitcoin bottomed out around $3,150.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.