A popular cryptocurrency analyst has unveiled an altcoin project that he expects to have a “meteoric boom.” The analyst also identified the price movements he expects in this altcoin. Here are the details…
Ambitious forecast for this altcoin from the analyst
A closely-followed crypto analyst believes that the decentralized finance (DeFi) altcoin Curve (CRV) looks poised for a big boom in the upside. As Cryptokoin.com has previously reported, the analyst has been particularly successful in XRP price action. Analyst Credible told his 336,900 Twitter followers that the decentralized exchange Curve Finance’s altcoin is in the midst of its third wave, where it could post gains of up to 1,092 percent. The analyst used the following statements:
A nice break in our $1 level – we’re on our way with the CRV.
Credible; The apps apply Elliott Wave theory, a technical analysis approach that attempts to predict future price action by following the psychology of market participants, which tends to manifest in waves. The theory is that an uptrend asset goes through a five-wave uptrend, and the third wave fires the strongest surge. Looking at Credible’s chart, he predicts that a third wave rally could push the CRV up to $13. He also says that CRV’s relative strength indicator, which tracks an asset’s momentum, has never been overbought on the weekly chart, suggesting that the coin’s “biggest moves are yet to come.” Currently the value of CRV is around $1.01.
The analyst also announced his BTC forecast
As for Bitcoin (BTC), Credible believes that despite its strong performance this year, king crypto still has more room to grow upwards. “It doesn’t look like our rally is over yet. Local price action looks like consolidation before extending the rise to $25,000.” Currently, the value of BTC is around $ 22,700.
What were the analyst’s previous predictions?
As we have previously reported, the analyst comes to the fore especially with Ripple predictions. About 4 years ago, the analyst predicted that XRP would retrace to $0.168 before rising to $0.20, and he was right. In 2020, Credible correctly predicted that XRP would experience a massive rise after a healthy correction. At the time when he predicted a correction in XRP, the coin was changing hands at $0.50.
On the other hand, the analyst also has important predictions about Bitcoin. The analyst predicted that in June of 2021, Bitcoin would rise above $50,000, followed by a steep correction. Also, knowing that BTC will rise to $ 67,000 in November, Credible predicted that this rally would be insufficient and BTC would experience a short-term pullback.
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