Pseudonymous analyst Credible Crypto believes one decentralized finance (DeFi) altcoin could surge up to 10x.
The analyst tells his 296,500 Twitter followers that he’s not worried about the short-term price action for Curve Dao Token (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance.
Explains Credible Crypto,
“I’ve been talking about it since it was under $3. Even at $4.67, it’s still a great price. In fact, I bought more at $5.
I don’t care what happens on the day-to-day – HTF chart is bullish and I’m loading up at $5 and under and will sell for no less than 5-10x.”
In early January, the crypto analyst called CRV the “most asymmetric risk-reward coin in the space.”
“A combination of the charts, fundamentals and the ability to earn 50% APR while you wait for price appreciation is something that is incredibly hard to find in this space.”
CRV is trading at $4.22 at time of writing, down more than 12.6% over the past week.
Credible Crypto also thinks Bitcoin (BTC) is near its bottom, with the leading crypto asset trading at $42,114.66 at time of writing, down nearly 3.5% from where it was priced one week ago.
The trader says $45,500-47,500 should act as Bitcoin’s next key area of resistance if its price starts to move back upwards.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tatyana Ledneva/Sensvector