An expert crypto trader believes one Ethereum-based altcoin could rally by more that 3,000%.
CredibleCrypto is a pseudonymous crypto analyst tells His 336.100 Twitter followers have confirmed that CRV is the native token of decentralized finance platform Curve DAO. This could lead to a huge bull market.
Credible sets his $1 price target to confirm the rally. He also set a $2-$3 resistance level. Analyst Credible believes that CRV needs a market cap between $13 billion to $14 billion. That would give it a price around $20. Such a price expansion would mark roughly 3,178% in gains from CRV’s current price of $0.61.
“Despite being seriously underwater on my spot CRV holdings, my confidence hasn’t been shaken one bit. I am confident that CRV will continue to be a strong performer in this cycle’s final stages. I think double digits is possible, and the biggest moves are yet to come. Need to clear $1 to get the ball rolling.”
Credible also focuses on Bitcoin (BTC) saying The crypto asset king is poised to surpass all-time heights (ATH) in 2023 despite analysts and traders expecting long consolidation periods or more bearish views.
“Any big accounts out there expecting new ATH in 2023 besides me? Genuinely curious as the consensus from what I have seen is that we need another six-plus months of consolidation at these lows before we begin ramping up again to put in a new ATH in 2024/2025 post halving.”
Credible will be the next phase. says Bitcoin’s invalidation price is at $15,997 and says BTC could dip down to a range of between $16,300 and $16,500 before rallying higher.
“Funding has reset and is back to neutral and low timeframes look like we need a bit more of a pullback here before we are ready for the next leg. Invalidation remains the same- this chop above is just consolidation for the next leg up imo.”
Bitcoin’s current value is $17,008.
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Shutterstock/Vo Thi Thao Lan/Nikelser Kath