Tag: CURVE DAO

One Altcoin Is Now Mirroring Pre-Breakout Patterns of Cardano, Algorand and Bitcoin, Says Crypto Analyst

by Dailyhodl

A popular crypto strategist says one decentralized finance altcoin is mimicking the patterns of other crypto assets right before they broke out.

The pseudonymous crypto analyst known as Pentoshi tells his 429,500 Twitter followers that Curve Dao Token (CRV) looks like a “coiled spring wound tight.”

CRV is the governance token for Curve Finance, a decentralized exchange for stablecoins that aims at ensuring minimal slippage by attracting deep liquidity.

Pentoshi indicates he’s seeing a pattern on the Curve/Bitcoin (CRV/BTC) chart where CRV starts making higher highs and higher lows right as it breaks into a volume gap, which is the space between the recent highs and the highs from a long time ago.

“Chart. Clean, multi-year level with HH + HL compression into vol gap”

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Source: Pentosh1/Twitter

The 74th-ranked crypto asset by market cap is trading at $5.09 at time of writing, up 9.43% in the past 24 hours. CRV is also trading at a nearly identical level to where it was priced one month ago.

The analyst then compares CRV’s chart to the shape of previous rallies made by scalable smart contract platform Algorand (ALGO), proof-of-stake blockchain Cardano (ADA) and leading crypto Bitcoin.

ALGO is trading at $1.62, down 1.12% on the day while ADA is priced at $1.34, up 2.80% over the last 24 hours. BTC is exchanging hands at $48,606.50, down 1.82% at time of writing.

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5 Crypto Assets Are Set to Surge in First Quarter of 2022, According to Analyst Jason Pizzino

by Dailyhodl

Popular crypto analyst Jason Pizzino is detailing which altcoins he believes are primed to surge over the next few months.

First on Pizzino’s list is Curve Dao Token (CRV), the governance token for Curve Finance, a decentralized exchange for stablecoins. Pizzino tells his 244,000 YouTube subscribers that CRV’s Bitcoin chart looks bullish.

“Will it pump like The Sandbox? Probably not, because I don’t think the vision and the excitement and the hopes and dreams can be put into a DeFi project like they can with an NFT/gaming/metaverse project…

But I think there are some big gains to be had in something that is wound up so tightly on a chart like this.”

CRV is trading at $4.73 at time of writing, down more than 4% in the past 24 hours.

Second on the analyst’s list is MATIC, the native token for the blockchain scaling solution Polygon.

Pizzino says MATIC is just starting to “find its legs” after going sideways against Bitcoin. He notes that if the overall crypto narrative shifts to Ethereum (ETH), then Polygon looks good. MATIC is trading at $2.11 at time of writing, up more than 13% on the day.

His next pick is LUNA, the native token for the smart contract platform Terra. Pizzino, however, notes that he’s more bullish on CRV and MATIC than he is on LUNA.

LUNA is trading at $63.94 at time of writing, up more than 12% in the past 24 hours.

The trader’s fourth pick is STX, the native asset for Stacks, an open-source blockchain network and Bitcoin developer project. Pizzino notes that Stacks is already breaking out and could see short-term gains.

“You want to see it stay in the all-time highs… Are they going to be as big as metaverse? I’ve already said that I don’t think so. But I want to look at something that’s going to move this quarter or next quarter.

Because I’m not sure of those larger-cap metaverse cryptocurrencies, because I think they may have had their move.”

STX is trading at $2.70 at time of writing, down nearly 10% on the day.

Another of Pizzino’s picks is RUNE, the native asset for THORChain, a blockchain platform that aims to facilitate the secure and cheap transfer of assets between different blockchains.

Pizzino notes that RUNE has been making higher lows and higher highs against Bitcoin (BTC). The analyst says the asset also has to outpace Ethereum because it’s “the strongest player at the moment.”

RUNE is trading at $10.68 at time of writing, down more than 7% on the day.

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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.

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Top Crypto Trader Says Ethereum Rival Will Hit Record High, Predicts Major Breakout for This Altcoin

by Dailyhodl

A widely followed cryptocurrency trader and analyst is predicting that an Ethereum competitor will hit a new all-time high, while another altcoin will have an explosive rally.

The pseudonymous crypto analyst and trader known as Smart Contracter says that the native token of layer 1 (L1) blockchain, Terra (LUNA), could appreciate by about 66% from the current levels and hit a new all-time high (ATH).

“The L1 runs aren’t over yet imo [in my opinion], started branching off into some others lately with $luna being one. ATH and $70 or so [definitely] on the table.”

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Source: SmartContracter/Twitter

Layer 1 blockchains are decentralized networks where the protocol rules can be altered directly to improve capacity and speed.

LUNA is trading at $42.01 at the time of writing.

Smart Contracter also says that the governance token of decentralized finance platform Curve (CRV) is primed for a “glorious” breakout after trading in a narrow range for most of the year when paired with Bitcoin (CRV/BTC).

“CRV/BTC has been basing for an entire year, the longer the base the higher in space.

this breakout will be glorious”

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Source: SmartContracter/Twitter

Earlier in the week, the pseudonymous crypto analyst revealed that he had purchased Curve Dao Token, which is trading at $3.97 at time of writing.

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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.

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Top Crypto Analyst Says Three Ethereum Competitors Have More Upside Potential Than Solana

by Dailyhodl

A widely followed cryptocurrency analyst and trader says three Ethereum competitors have more room for growth than the smart contract platform Solana (SOL).

The pseudonymous analyst known as Smart Contracter tells his 183,000 Twitter followers that Ethereum (ETH) itself will reach a new all-time high (ATH) after correcting in a three-wave ‘A, B, C’ pattern as defined in the Elliott Wave Theory.

The theory states that price trends move in a 5-wave pattern of sentiment waves labeled 1 through 5, while the countertrend moves in a three-wave pattern labeled A-B-C.

“Nice clean abc down done on ETH with a prior ATH retest on the weekly, I reckon we’ve bottomed and see ATH from here, I am long and strong.”

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Source: SmartContracter/Twitter

In the case of the fifth-largest cryptocurrency by market cap, Smart Contracter says that Solana still has more upside potential.

However, the trader notes better opportunities exist with Ethereum competitors, such as the native tokens of smart contract blockchains Avalanche (AVAX), Terra (LUNA) and Fantom (FTM).

“I’m letting my baby SOL go now.

I rode this baby from obscurity into the top 5.

Still think there’s plenty of upside left but in terms of % gains there’s simply better layer 1 horses to back here like LUNA, FTM, AVAX et al.”

The crypto analyst is also bullish on Bitcoin (BTC) and the governance token of decentralized finance (DeFi) platform Curve DAO (CRV), saying that he is buying Bitcoin at the $61,000 level after the flagship crypto-asset corrected by around 10% over the past seven days.

“BTC ain’t looking too crash hot either, bidding 61k, probably takes a week or so to unfold.”

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Source: SmartContracter/Twitter

Bitcoin is trading at $60,400 at the time of writing.

The crypto analyst says he bought CRV after the DeFi governance token completed a three-wave countertrend pattern.

“Relonged some $CRV too, nice clean 3 wave move down with a V reversal underway.”

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Source: SmartContracter/Twitter

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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.

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ANKR/CRV/STORJ Price Analysis – March 24,2021

by Blockchain News

On March 23, the top US cryptocurrency exchange Coinbase announced that ANKR, CRV, and STORJ will be made available for trading on Coinbase Pro accounts.

Except for CRV in New York State, all Coinbase-supported jurisdictions will provide support for ANKR, CRV, and STORJ. If the liquidity conditions are met, trading will start on or after 9 a.m. Pacific Time (PT) March 25.

But currently, these three tokens ANKR, CRV, and STORJ cannot be traded on Coinbase.com and Coinbase mobile apps.

But being included in the Coinbase Pro list will undoubtedly have a positive stimulus effect on the prices of the three coins. ANKR, CRV, and STORJ have performed very strongly in the past 24 hours, increasing by 42.57%, 23.73%, and 102.00% respectively.

Ankr (ANKR) price Analysis

Source: ANKR/USD Daily via TradingView

ANKR is a blockchain cloud infrastructure platform based on the Ethereum token Web 3, which aims to lower the threshold for individuals, enterprises, and developers to participate in the blockchain ecology.

Since the beginning of February, its price has soared 1000% from the low of $0.011 on February 1 and reached its all-time high(ATH) of $0.12 yesterday. The current price has retraced, is trading at $0.096.

The MACD index is still in the bullish zone and will face resistance at an all-time high of $0.12 in the future. The Stochastic RSI index declined from the overbought zone and has slowed down, which means that a bullish crossover may form again in the short term and the price may continue to rise accordingly.

Curve DAO Token (CRV) Price Analysis

Source: CRV/USD Daily via TradingView

Curve DAO token(CRV) is created based on the Aragon framework of Ethereum (ETH) decentralized autonomous platform. There will be a staking mechanism. Its CRV token is mainly used for governance and value appreciation. It is an automatic market maker agreement with the purpose of enhancing the liquidity of the market and facilitating the exchange of specific assets based on Ethereum.

Curve DAO Token (CRV) has risen 19.88% in the past 24 hours, reaching a maximum of $3.277. The current price has retraced. At the time of writing, CRV is trading at $2.91.

Yesterday’s long green candlestick made CRV’s price firmly stand on the Exponential Moving Average ribbon. But the long shadow line of the candlestick indicates that there was a large number of selling orders once it reached over $3.00, and the bulls failed to push the price higher than $3.277. The first resistance level for CRV rise will be $3.277. If CRV breakthroughs this pressure level from the current price, the next pressure level will be $3.6.

The MACD index shows the bullish signal. Stochastic RSI has retraced from the 80 overbought zones and formed a bullish crossover, which means that in the short term, IOTA’s price is likely going to surge higher.

Storj(STORJ) Price Analysis

Source: STORJ/USDT Daily via TradingView

STORJ is an Ethereum-based token that provides users with a blockchain-based end-to-end distributed cloud storage platform. Users use private keys to manage data and achieve secure file storage without trusting centralized data centres, such as Amazon Web Services or Google Cloud.

The price of STORJ rose by 93.5% to $1.76 on March 23, reaching a new all-time high of $2.01. However, there are currently a large number of sell orders, and $2 will be an important resistance level. However, the MACD index is still in a bullish range, and it is possible that in the short term STORJ will create a new all-time high.

Stochastic RSI is retracing from the 80 overbought zones.

Image source: Shutterstock

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Bitcoin (BTC) $ 26,404.07 0.67%
Ethereum (ETH) $ 1,615.97 1.58%
Litecoin (LTC) $ 63.74 0.11%
Bitcoin Cash (BCH) $ 236.38 10.05%