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.