A popular cryptocurrency strategist and trader predicted a new price hike for smart contract platform Solana. The trader also claimed that a low-value altcoin is preparing for a supply shock.
Analyst Credible said he expects Solana (SOL) to initiate a major rally after starting a new wave in its cycle:
Trader relies on Elliott Wave theory for Solana.
The crypto analyst is also keeping a close eye on Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance. According to Credible, there is a possibility that the CRV will go up to $6.50.
Convex Finance is a platform designed to assist CRV token holders and liquidity. Providers earn additional interest rewards. According to CoinGecko, at the time of writing, CRV was trading at $3.71 while CVX was changing hands at $19.81.
Credible says it’s on the rise in Curve as about 90% of its supply is locked for years to come.