A broadly adopted crypto analyst is predicting that one Ethereum (ETH)-based altcoin will immediately go on a parabolic rally.
In a brand new thread, pseudonymous crypto dealer Credible tells his 409,300 followers on the social media platform X that the native asset for the stablecoin-focused decentralized trade Curve DAO (CRV) might quickly double in worth, catching buyers unexpectedly.
“CRV will shortly reprice 2x greater, leaving most buyers sidelined in every part else.”
On the time of his prediction, CRV was buying and selling for round $0.25. At time of writing, CRV is buying and selling for $0.30, up 19.6% within the final 24 hours.
Credible says the newest worth motion is confirming his outlook.
“CRV is knocking at $0.30, you like to see it. $0.40-plus subsequent.”
The analyst additionally believes CRV might outperform Solana (SOL) and has the potential to reclaim its prior all-time excessive (ATH).
“You suppose SOL will go to $1,000? Even when it does, congrats, that’s a 7x.
CRV will likely be 30x at prior ATH, above that you simply’re hitting 40x, 50x, and so forth. You need the potential 7x or the potential 50x? The one distinction between the 2 is persistence.”
Taking a look at Bitcoin, the analyst suggests that (BTC) is heading into the low $60,000 vary primarily based on the tendencies in open curiosity (OI), which tracks the full variety of excellent derivatives contracts for a given asset.
“A lot of individuals watching the inexperienced lengthy zone between $54,500-$56,500 as we’ve native demand there and equal, untapped lows. That being mentioned warmth maps are displaying stacked bids proper above that area entrance working the ‘splendid’ lengthy zone. OI has additionally been fully reset once more on this little transfer down. Wouldn’t shock me if we front-run the $54,500-$56,500 zone and reverse earlier than that…
Trying good to this point, I feel we in all probability head for our highs at $62,800 subsequent.”
Bitcoin is buying and selling for $59,792 at time of writing, down barely within the final 24 hours.
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