Credible Crypto, a popular cryptocurrency trader, believes that Bitcoin (BTC) has hit local bottom and is “creating a basis” for a trend reversal. The analyst, who previously stood out with his accurate Ripple predictions, also draws attention to an altcoin. Here are the details…
Bitcoin and altcoin predictions from the Ripple prophet
As we have reported as Kriptokoin.com, Credible, who has previously kept Ripple and various altcoin predictions, has 326,900 Twitter followers towards an important support level of Bitcoin. says it provides a bullish divergence. Credible also said that he believes Bitcoin provides a basis for a return from $30,000 to $40,000, but warns it will “take a few days to develop.”
The top-ranked crypto-asset by market cap hit $46,900 in early April before falling back to current horizontal trading levels. At the time of writing, BTC is trading at $41,369.83, up 1.6 percent in the last 24 hours and nearly 3 percent in the past week.
Analyst announced the cryptocurrency he would choose
Credible also announced decentralized finance (DeFi) altcoin Convex Finance (CVX) if he had to choose a crypto asset to buy and hold for ten years. He says he will choose. Offering no withdrawals or minimum performance fees, Convex rewards liquidity providers and Curve (CRV) stakers on the Curve Finance exchange. CVX can be deposited with Convex Finance to receive a share of Curve’s liquidity pool earnings.
Convex Finance is a platform for CRV token holders and Curve liquidity providers to earn additional interest rewards and Curve trading fees on their tokens. In other words, Convex Finance offers increased Curve staking. Curve is a decentralized exchange with a heavy focus on stablecoins. Because stablecoins are much less volatile than other cryptocurrencies, they are perfect for liquidity providers to avoid permanent losses. Where the Curve gets really sweet for LPs is in the reward structure. Curve tokens (CRV) are awarded to LPs as yield farming rewards and can be converted to CRVs (vote-escrowed CRV).
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