• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

A 19x Rally for This Ethereum-Based Altcoin Against Bitcoin by End of Cycle Is ‘Only Logical,’ Says Analyst

n70products by n70products
May 2, 2025
in Altcoin
0
A 19x Rally for This Ethereum-Based Altcoin Against Bitcoin by End of Cycle Is ‘Only Logical,’ Says Analyst
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A extensively adopted analyst and dealer is leaning bullish on a decentralized finance (DeFi) challenge constructed within the Ethereum (ETH) ecosystem.

The analyst, pseudonymously generally known as Credible Crypto, tells his 467,000 subscribers on the social media platform X that it’s “solely logical” for the native token of the DeFi altcoin Curve DAO (CRV) to hit a brand new all-time excessive towards Bitcoin (BTC) earlier than the top of the cycle.

In response to the pseudonymous analyst and dealer, CRV might surge by round 1,840% from the present degree to succeed in a worth of 0.00015 BTC.

CRV is buying and selling at 0.00000773 BTC ($0.739) at time of writing.

Credible Crypto says his bullish thesis for the Ethereum-based DeFi challenge targeted on the buying and selling of stablecoins is primarily knowledgeable by the development within the fundamentals since CRV final hit an all-time excessive towards Bitcoin in 2021.

“Properly, apart from the technicals (which look improbable), for the reason that final all-time excessive on CRV/BTC:

– Yearly inflation of CRV has dropped from roughly 20% all the way down to 4%.

– Complete quantity of CRV locked (successfully burned) has elevated to roughly 40% of ALL circulating CRV.

– [Total] Stablecoin market cap has elevated by roughly $70 billion and climbing ($170 billion [then] vs $240 billion 1746180421).

– Curve launched their very own native stablecoin crvUSD that presently sits at $200 million market cap.

– Curve launched their very own borrowing/lending platform (like AAVE) that presently sits at $140 million in complete worth locked.

– Curve launched their very own automated market maker (LLAMMA) to permit for novel “comfortable liquidations” on their lending platform talked about above.

– Variety of Curve builders has practically doubled and developer commits are at all-time highs.”

The extensively adopted analyst additionally says it’s not “unreasonable or illogical” for the Curve DAO/US greenback pair to succeed in double-digit worth ranges within the present cycle.

“Unsure what worth BTC will likely be at when this occurs however at $100,000 BTC, a brand new all-time excessive on the CRV/BTC ratio places CRV at $15+.”

Bitcoin is buying and selling at $96,597 at time of writing.

Observe us on X, Facebook and Telegram

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Verify Price Action

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney



Source link

Tags: 19xAltcoinAnalystBitcoinCycleEthereumBasedLogicalRally
Previous Post

Britain to ban consumers borrowing to buy cryptocurrencies

Next Post

Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares

Next Post
Dogecoin Could Hit .42 This Cycle In Bull Case, Says 21Shares

Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Bitcoin Price Looks Upward — Is the Next Leg Higher Starting?

Bitcoin Price Looks Upward — Is the Next Leg Higher Starting?

May 17, 2025
Will Bitcoin reach 0K? Global liquidity push has the answer

Will Bitcoin reach $100K? Global liquidity push has the answer

September 11, 2024
Ethereum To Outperform Bitcoin, Fund Managers Set ,000 Target

Ethereum To Outperform Bitcoin, Fund Managers Set $8,000 Target

November 10, 2024

Recents

Ethereum: What’s standing between ETH and K? – Data suggests…

Ethereum: What’s standing between ETH and $3K? – Data suggests…

July 11, 2025
Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

July 11, 2025
Insights From Ripple CEO’s Testimony To Senate Banking Committee

Insights From Ripple CEO’s Testimony To Senate Banking Committee

July 10, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version