A cryptocurrency analyst predicts substantial gains for a niche Ethereum-based asset. You've probably never heard about it.
The forecast comes amid volatile market conditions.
Credible Crypto, a pseudonymous trader, shared insights with his 399,300 X followers. He focused on Curve DAO's token, CRV.
CRV is the native asset of a decentralized finance platform. The platform specializes in stablecoin trading. The analyst projects CRV could exceed $6. This represents a potential 1,724% increase from current levels. This forecast is contingent on Bitcoin reaching $100,000. CRV currently trades at $0.329, while Bitcoin is at $64,706.
Credible Crypto also commented on Dogecoin. He set a bearish target between $0.04 and $0.08 for the popular memecoin.
"Best-case scenario for DOGE that I can see is below- that is, finding support at the middle of our range [between $0.1 and $0.075] that we've just deviated above," he stated.
He added, "Lose that, and sub $0.05 comes next." Dogecoin presently trades at $0.123.
The analyst extended his bearish outlook to Pepe. He suggested PEPE might follow FLOKI's downward trend.
PEPE currently trades at $0.0000113. FLOKI is priced at $0.000179.