One of the most widely-followed analysts is bullish about a Decentralized Finance (DeFi), token that was created in Ethereum.ETH) ecosystem.
CredibleCrypto is a pseudonym for the analyst. tells If he had 449,900 fans on social media platform X then he would have been able to tell his “highest conviction” A bet made based upon the ratio of risk to reward is Curve Dao (CRV).
CredibleCrypto estimates that CRV’s current price could rise by 722%.
At the time of this writing, CRV was trading at $0.852, up over 70% in just 30 days.
In addition to his technical analysis, the widely-followed analyst claims that the DeFi Altcoin tokenomics are a strong support for the bullish thesis he has developed on CRV.
You have a cryptocurrency that was literally modelled after Bitcoin BTC, but
– has 40+% of the supply essentially locked in perpetuity
– generates real yield from working products which is paid out to token lockers multiple times a month
– currently has the highest developer activity + number of developers that have ever worked on the protocol in its history despite the depressed price.”
CredibleCrypto claims that Curve DAO is an alternative to Bitcoin because unlike BTC long-term holders cannot dump their CRV during bear markets, worsening the price drops, or profit during bull markets, reducing price appreciation.
“…with CRV, token lockers literally can’t sell into the pumps OR sell into the dumps because their tokens are locked (in most cases) for a minimum of 3.5 – 4 years.”
Further, the pseudonymous researcher says:
“Overall, aside from the clean technicals and chart setup, CRV, fundamentally, has all the markings of the next big success in this space that I think most are sleeping on because of either a lack of understanding of the mechanics behind the project or because of regurgitated, out-dated fear, uncertainty and doubt (FUD) that has been spread about the token during the last market downturn.”
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check out the latest news and updates on our website. Price Action
Please follow us X, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. You are responsible for any losses that you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
