According to the KOL Credible, this altcoin could grow 10-fold compared to the current level

A popular analyst is calling for a massive rally for a DeFi coin.

The person known in the industry as Credible Crypto told its 267,000 Twitter followers that CRV, the governance token of the decentralized financial platform (DeFi) Curve, will hit $ 40 this cycle. Con This corresponds to an increase of around 811% compared to the current price.

The analyst points out that Curve has more Total Value Locked (TVL) in its platform than any other DeFi protocol in the industry, with most of the offering long-term locked.

“CRV of 10 times from here is very possible. That’s a conservative estimate for the top protocol in the DeFi space, with a TVL of $ 20 billion, over 90% of supply locked for nearly 4 years, and a break above the 9 month accumulation zone. $ 40 + for CRV at the end of this cycle. “

The source: Defillama.com

At the time of writing, CRV is trading at $ 4.42.

Turning to Bitcoin, Credible says the crypto king is likely to underperform in the short term. According to him, unless it bounces back to the $ 59,000 level, BTC could face greater selling pressure.

“The short time windows don’t look attractive after the recent sell-off. Must now reclaim 59k if it wants to go any further to 62-63k. Until then, the bears are in control. “

The source: CredibleCrypto / Twitter

Credible sees a similar situation with Ethereum as well. He said that if ETH is to end its recent correction it will have to reclaim the $ 4,385 region first.

“ETH is still selling itself at a higher level. It needs to get back to the key level of $ 4,385 in the next few days. If not, I’m glad I closed some profits and now have the cash on hand to buy the dip. A successful recapture will help ETH to reach an all-time high. “

The source: CredibleCrypto / Twitter

You can see the price of the coin Here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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