Credible Crypto, a closely followed crypto analyst, says that a massive 10x rally for an altcoin is much more likely than not. Cryptocoin. com we share the details…
Credible Crypto highlights popular altcoin projects CRV and ETH
He says that CRV, the management token of decentralized finance (DeFi) platform Curve, will reach $40, a gain of roughly 811 percent from current prices. The analyst points out that Curve has more total value (TVL) on its platform than any other DeFi protocol in the industry, with the vast majority of its supply being locked down for extended periods of time.
From here, a 10x move in the CRV is not only possible, but probable. $20 billion in TVL, over 90 percent locked for nearly 4 years, would be a conservative estimate of $40 for the leading DeFi protocol in the space, with a technical break in the supply and 9-month accumulation structure.
Credible sees a similar situation unfold for Ethereum. He says that ETH can break out of its last correction by first breaking $4,385 and then retracing the $4,770 level. It also draws attention to the need to be more careful in the above areas. Credible Crypto is known for its holding predictions for various cryptocurrencies in previous periods. The analyst knew last year that XRP would drop to $0.16 and rise in March of this year. In Bitcoin, he correctly predicted that it will exceed $ 50,000 in June, and that it will exceed $ 67,000 on November 8th.