• 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

Trader Says One Ethereum-Based Altcoin Set to Rapidly 2x in Price, Leaving Most Sidelined – Here’s His Forecast

n70products by n70products
August 13, 2024
in Altcoin
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A extensively adopted crypto analyst is predicting that one Ethereum (ETH)-based altcoin will all of a sudden go on a parabolic rally.

In a brand new thread, pseudonymous crypto dealer Credible tells his 409,300 followers on the social media platform X that the native asset for the stablecoin-focused decentralized trade Curve DAO (CRV) may quickly double in worth, catching buyers unexpectedly.

“CRV will shortly reprice 2x greater, leaving most buyers sidelined in all the things else.”

On the time of his prediction, CRV was buying and selling for round $0.25. At time of writing, CRV is buying and selling for $0.30,  up 19.6% within the final 24 hours.

Credible says the most recent value motion is confirming his outlook.

“CRV is knocking at $0.30, you like to see it. $0.40-plus subsequent.”

The analyst additionally believes CRV may outperform Solana (SOL) and has the potential to reclaim its prior all-time excessive (ATH).

“You suppose SOL will go to $1,000? Even when it does, congrats, that’s a 7x.

CRV will likely be 30x at prior ATH, above that you just’re hitting 40x, 50x, and so forth. You need the potential 7x or the potential 50x? The one distinction between the 2 is persistence.”

Bitcoin, the analyst suggests that (BTC) is heading into the low $60,000 vary based on the traits in open curiosity (OI), which tracks the whole variety of excellent derivatives contracts for a given asset.

“Plenty of folks watching the inexperienced lengthy zone between $54,500-$56,500 as we now have native demand there and equal, untapped lows. That being stated warmth maps are displaying stacked bids proper above that area entrance operating the ‘superb’ lengthy zone. OI has additionally been utterly reset once more on this little transfer down. Wouldn’t shock me if we front-run the $54,500-$56,500 zone and reverse earlier than that…

Wanting good up to now, I believe we most likely head for our highs at $62,800 subsequent.”

Image
Supply: Credible/X

Bitcoin is buying and selling for $59,792 at time of writing, down barely within the final 24 hours.

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

Test Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each 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 it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate marketing online.

Featured Picture: Shutterstock/TadashiArt





Source link

Tags: AltcoinEthereumBasedForecastHeresLeavingPriceRapidlySetSidelinedTrader
Previous Post

Crypto Analyst Says End Of This Bitcoin Bear Trap Could Drive Price To $72,000

Next Post

Ethereum Targets $3,000 After Market Shakeout, CryptoQuant Sees Impulsive Bull Run Ahead

Next Post

Ethereum Targets $3,000 After Market Shakeout, CryptoQuant Sees Impulsive Bull Run Ahead

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

PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report

PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report

April 23, 2025

All OpenSim stats drop on grid outages – Hypergrid Business

August 5, 2024
Bitcoin Breakout At ,257 Barrier Fuels Bullish Optimism

Bitcoin Breakout At $93,257 Barrier Fuels Bullish Optimism

November 22, 2024

Recents

RAKBANK Becomes First UAE Bank to Offer Crypto Trading

RAKBANK Becomes First UAE Bank to Offer Crypto Trading

July 29, 2025
How A -M Employee Heist Crashed Into Prison Time

How A $20-M Employee Heist Crashed Into Prison Time

July 29, 2025
Arizona Woman Sentenced to Over Eight Years in Prison for Role in Assisting North Korean Hackers Pose as US Citizens in ,000,000 Scheme: DOJ

Arizona Woman Sentenced to Over Eight Years in Prison for Role in Assisting North Korean Hackers Pose as US Citizens in $17,000,000 Scheme: DOJ

July 29, 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?
💳 The Smartest Bitcoin Card Is Almost Here! Spend crypto anywhere, earn up to 8% cashback, and unlock exclusive early-bird bonuses. 🚀 Coming soon — don’t miss your chance to save big!
Coming Soon
This is default text for notification bar
Learn more
Go to mobile version