Credible: “I Keep Accumulating This DeFi Altcoin!”

Trader Credible, who is closely followed in the crypto world, has a decentralized finance system despite the current bearish trend in the markets. (DeFi) altcoin He explained that he kept his optimistic outlook on the issue and shared the altcoin.

Known by the alias Credible, the analyst is on Twitter with over 332,000 followers, the governance token of Curve Finance, a decentralized exchange for stablecoins. Curve DAO Token (CRV) He explained that he is optimistic about the issue and continues to accumulate the token.

“The price of CRV at its current level is well below the average I bought, but I continue to buy. The last purchase I made was around $1.6 and I will continue to increase my purchases if I have more capital. I’ve been doing this for the past six months and staking at 50% APR (annual percentage rate) on Convex Finance.”

CRV price was trading at $1.13 at the time of writing. The 117th-ranked crypto asset by market cap has lost more than 16% in the past seven days.

According to Credible, Bitcoin (BTC) is currently ‘dictating’ the market.

Bitcoin (BTC) recorded another decline, bringing with it other assets, mainly CRV. We have now come to an important support/resistance area for the CRV and will test these levels with significant dips. You can expect a base to form here, and then you can wait for the area where we left for a comeback to reconsolidate.”

creditable

Bitcoin was trading at $29,362 at the time of reporting.

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.

source site-7