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Credible Crypto, a well-known cryptocurrency analyst, made an optimistic prediction for Curve DAO (CRV), an Ethereum-based altcoin. The analyst also shared recent observations about popular memecoins Dogecoin (DOGE) and Pepe (PEPE).
Expecting a Major Rally in Curve DAO’s CRV
Credible Crypto’s views, shared on social media platform X, garnered significant attention from some members of the cryptocurrency market. The analyst expressed a bullish outlook for CRV, the mainnet asset of the decentralized finance (DeFi) protocol dedicated to stablecoin trading, Curve DAO.
According to the analyst, CRV is poised for a significant rally, soaring above $6 from its current trading price of $0.329, representing an increase of over 1,724%. This prediction hinges on Bitcoin (BTC) reaching a price above $100,000.
Currently, CRV is trading at $0.329, while Bitcoin is trading at $64,706. The analyst’s prediction highlights the potential for significant gains in the altcoin market, especially for those built on the Ethereum Blockchain.
Warning for Dogecoin and Pepe
Moving on to the largest memecoin by market value, Dogecoin, Credible Crypto emphasized a downtrend. He noted that DOGE could fall to a range between $0.04 and $0.08. The analyst stated that the best-case scenario for DOGE would involve finding support in the $0.1 to $0.075 range, but if this support is lost, the price could fall below $0.05. Currently, Dogecoin is trading at $0.123, indicating further downside potential if the downtrend continues.
Credible Crypto also commented on Pepe, suggesting that the altcoin appears ready to collapse similarly to FLOKI. He warned investors who bought PEPE at its highest levels, implying they would need luck to see gains. Currently, PEPE is trading at $0.0000113, while FLOKI is at $0.000179.
