Crypto analyst Credible Crypto has made a bold prediction regarding Curve DAO (CRV), believing it could surge fourfold from its current price level. The analyst’s optimism is based on the protocol’s potential to benefit from expanding DeFi applications and increased institutional interest, similar to XRP’s impressive growth in recent years. 💰
While the market still grapples with the volatile behavior of altcoins like CRV, Credible Crypto highlights its current attractively low price point as a catalyst for its further surge.
His analysis draws parallels to XRP’s remarkable rise from $0.50 to over $3 last year, which serves as a potential indicator of CRV’s future trajectory. 📈
The analyst’s predictions are backed by technical analysis and suggest that if CRV surpasses resistance levels between $0.60-$0.80, its price could potentially reach the $2 to $3 range.
However, he emphasizes a wider market perspective as well, focusing on Bitcoin’s critical range of $78,000 – $80,000 and how surpassing this level is crucial for maintaining bullish momentum. Similarly, XRP’s potential technical breakout above $2.20 also holds significant implications.
The latest market data shows that XRP is trading at around $2 while Bitcoin continues to find buyers at $83,208.