A popular crypto analyst predicts that one of the Ethereum (ETH)-based altcoins will suddenly go parabolic.
In a new thread, anonymous crypto trader Credible tells his 409,300 followers on social media platform X that the value of stablecoin-focused decentralized exchange Curve DAO (CRV)’s native asset could soon double, taking investors by surprise.
“CRV will quickly be valued at 2x, leaving most investors out of the loop.”
At the time of his prediction, CRV was trading at around $0.25. At the time of writing, CRV is trading at $0.30, up 19.6% in the last 24 hours.
Credible said recent price action supports his forecast.
“CRV is selling at $0.30, you’ll like to see that. Next it’ll be $0.40 and up.”
The analyst also believes that CRV could outperform Solana (SOL) and has the potential to reclaim its previous all-time high (ATH).
“You think SOL will go to $1000? Even if it does, congratulations, that’s 7x.
The CRV will be 30x at the previous ATH, above that you will reach 40x, 50x, etc. Do you want 7x potential or 50x potential? The only difference between the two is patience.”
Looking at Bitcoin, the analyst suggests that (BTC) is heading towards the lower $60,000 range based on trends in open interest (OI), which tracks the total number of outstanding derivative contracts for a given asset.
“Many are watching the green long zone between $54,500 and $56,500 as we have localized demand there and equal, untapped lows. That said, the heat maps show stacked orders just above that region leading the “perfect” long zone. OI also completely reset again on that small move down. I wouldn’t be surprised if we lead the $54,500-$56,500 zone and reverse before that…
So far everything looks good, I think we will probably reach our highs at $62,800.”
At the time of writing, Bitcoin is trading at $59,792, down slightly over the past 24 hours.
