A popular crypto strategist and trader predicts a new price surge for smart contract platform Solana, as well as a supply shock for a low-value altcoin.
Crypto analyst nicknamed Credible has 251,900 Twitter followers. witherof (LEFT) says he expects to start a big rally after starting a new wave in his cycle.
“SOL is leading the market and appears to have completed its 4th macro wave as a triangle. This is the fifth and final of the SOL’s first macro cycle. end It means we’re starting the wave. This is going to be epic and is just the beginning of what we’ll see overall in the coming months. I expect at least $500.”
The trader uses the Elliott Wave theory, a technical analysis approach that predicts future price action by following crowd psychology, which tends to manifest in waves.
Crypto analyst, governance token of decentralized exchange Curve Finance, specifically focused on stablecoins Curve DAO Token (CRV) following closely. Credible expects it to rally as high as $6.50 as CRV breaks key resistance at $3.50. This price action means an increase of close to 85 percent.
“CRV, CVX (Convex Finance) is synergistic with I can’t explain the mechanics in a tweet – but when CVX goes up, so does the inherent value of CRV, and when CRV goes up, so does the inherent value of CVX.”
https://pbs.twimg.com/media/FCVrBnzVIAArZkN?format=jpg&name=4096×4096
Convex Finance is a platform designed to help CRV token holders and liquidity providers earn additional interest rewards. According to CoinGecko, at the time of writing, CRV is trading at $3.75 while CVX is changing hands at $19.73.
Credible says that the altcoin is bullish on Curve as about 90% of its supply is locked for years to come.
“Oh, and 89% of all CRVs in circulation have been locked for about 3.7 years. So, once we get into the boom and everyone rushes to join the green candles, there will be a massive supply shock that will send prices higher, faster. Get yourself a CRV before it all starts…”
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.