The top cryptocurrency analyst, using the alias Credible Crypto, believes that a decentralized finance (DeFi) altcoin could go up to 10x.
The analyst has 296,500 Twitter followers, the management token of the stablecoin-focused decentralized exchange Curve Finance, despite the state of the market. Curve Dao Token‘of (CRV) He said he is not worried about short-term price action and said:
“Since it’s under $3 [altcoin] I’m talking about. At $4.67 (at the time of tweet) it’s still a great price. Even when it’s $5 [bu altcoin’den] I bought more.
I don’t care what happens on a daily basis – HTF chart is bullish and I will sell at least 5-10 times I load for $5 and under.”
Earlier in January, the crypto analyst described CRV as “the most asymmetrical risk-reward coin in the space”. Convex Finance (CVX) He claimed that he would experience the price movement he experienced:
“It took us about four months to get 10x the CVX. Now it’s time to get our 10x on the CRV.
The original entry was under $3, with massive additions between $3 and $4. As I’ve stated over and over, I aim for at least $40 at the end of the cycle.
Let’s get this done!”
The analyst, who has been following Curve for months and is very hopeful about the altcoin, expresses his appreciation for CRV as follows:
“Such a combination of charts, fundamentals and the ability to earn 50% APR while waiting for the price to rise is extremely hard to find in this space.”
CRV, one of the cryptocurrencies that has been highly affected by the downtrend in the crypto market, is trading at $3.63 with a decrease of about 20 percent in the last 24 hours at the time of writing.
Credible Crypto also said that Bitcoin (BTC) is pretty close to the bottom while the biggest cryptocurrency is at $42,000. The leading crypto-asset, on the other hand, has fallen fast and is trading at $38,135, down nearly 10 percent from where it was priced a week ago.
The trader says that if the price of Bitcoin starts to move higher again, the next key resistance area will be at $45,500-47,500.
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.