Popular cryptocurrency analyst and trader Michaël van de Poppe thinks a decentralized finance (DeFi) altcoin project built on Ethereum (ETH) is poised for an exit in early 2022. Analyst’s shares Cryptocoin. com we have prepared for its readers.
“This altcoin project has a very nice graphic”
Michaël Van de Poppe’s crypto education platform Eight Global states in a new tweet that the Curve DAO Token (CRV) is currently printing a bullish market structure:
CRV has a very nice chart and is one of the better looking altcoin projects right now. The USDT pair is making higher lows and higher highs and looks set to make another attempt to break the 1.618 fib level.
CRV is the management token for Curve Finance, a decentralized exchange for stablecoins that aims to ensure minimal slippage by drawing deep liquidity. The 74th-ranked crypto-asset by market cap is trading at $6.24 at the time of writing, gaining 15% in the last 24 hours. Michaël Van de Poppe’s target of $8.35 for the CRV shows the potential for an increase of around 34% from the current price of the coin. The crypto analyst also states in a new YouTube video that he is still optimistic about crypto in general:
I’m still assuming we’re in an elongation cycle that will cause a longer run in the markets next year. As you know, I am quite optimistic in the markets.
However, the crypto analyst says that Bitcoin (BTC) needs to clear $49,400 for it to rise again in the top crypto asset in the short term. BTC is trading at $47,781 at the time of writing and is up 1.56% in the last 24 hours.