Analyst Says Ethereum-Based Altcoin Primed To Explode by Over 1,700%, Updates Outlook on Dogecoin and Pepe
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a small-cap altcoin built on the Ethereum (ETH) blockchain.
The analyst and trader pseudonymously known as Credible Crypto tells his 399,300 followers on the social media platform X that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on trading of stablecoins, is on the cusp of a massive rally.
Credible Crypto says that CRV could skyrocket above $6, a potential gain of over 1,724% from the current level, once Bitcoin (BTC) reaches a price of over $100,000.
CRV is trading at $0.329 at time of writing while Bitcoin is exchanging at $64,706.
Turning to Dogecoin (DOGE), the pseudonymous analyst says that his bearish target for the largest memecoin by market cap is between $0.04 and $0.08.
“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.
Lose that, and sub $0.05 comes next.”
Dogecoin is trading at $0.123 at time of writing.
Next up is Pepe (PEPE). The pseudonymous analyst says that PEPE is “looking ready to break down” in a similar manner to FLOKI (FLOKI).
“Good luck if you bought PEPE above the range highs, you’ll need it.”
PEPE is trading at $0.0000113 while FLOKI is changing hands at $0.000179.
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