A closely watched cryptocurrency strategist and trader shares a decentralized finance (DeFi) altcoin project he believes could record a 900 percent rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Here are the details…
Credible Crypto shared Bitcoin and Ethereum predictions
Cryptocurrency analyst Credible, who had previously kept various predictions, as we reported as Kriptokoin.com, told 327,800 Twitter followers that Bitcoin will go to another rally. He said he expects it to drop as low as $38,000 before launching. He stated that Bitcoin is currently battling against the resistance zone, that he can expect a pullback to at least $39,000 at this point soon. Still, he thinks that with this move, BTC can only form a foundation before it goes up. At the time of writing, Bitcoin is changing hands for $39,555.
Then Credible switched to Ethereum (ETH), the second largest cryptocurrency. Ethereum, which is trading at just over $2,900 at the time of writing, will form a triangle formation in the next few months before it rallies above $4,000. The analyst uses the following statements for ETH:
ETH took a breather as expected following my last tweet about it. If you are interested in adding/or creating an ETH position, there will be an increase of $2,500-2,800 for spot purchases.
Credible highlights DeFi altcoin project Curve
The last coin on investor’s radar is Curve (CRV), the management token of decentralized exchange Curve Finance is . According to the crypto analyst, the bottom has already been seen for the CRV and he expects the coin to make a big rally. The analyst used the following statements:
Yes, I think they are both winners! 10x yes for the CRV. From here I would love to see 10x on CVX but that’s $300 so experiencing 10x on CRV might be harder than current levels.
Curve DAO Token, with a 5.3 percent spike at time of writing It changes hands at $2.66. Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
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