A widely followed analyst is optimistically leaning on a decentralized finance token (DeFi) built in the Ethereum (ETH) ecosystem.
The analyst under the pseudonym CredibleCrypto tells his 449,900 followers on the social media platform
According to CredibleCrypto, CRV could rise by at least 722% from current levels.
CRV is trading at $0.852 at the time of writing, up over 70% in the last 30 days.
The widely followed analyst says his bullish thesis for CRV is supported by the DeFi altcoin’s tokenomics in addition to the technical analysis.
“You have a coin with an emission structure that is literally modeled after Bitcoin (BTC), but:
– 40+% of the supply is essentially locked in forever
– generates real revenue from working products that is paid out to token lockers several times a month
– currently has the highest developer activity + number of developers who have ever worked on the protocol in its history, despite its low price.”
According to CredibleCrypto, Curve DAO has an advantage over Bitcoin because, unlike BTC, long-term holders of CRV cannot dump during bear markets and exacerbate price declines or take profits during bull markets and limit price appreciation.
“…with CRV, token lockers literally cannot be sold in the pumps OR sold in the dumps because their tokens are locked (in most cases) for at least 3.5 – 4 years.”
The pseudonymous analyst goes on to say:
“Overall, apart from the tight technical details and card setup, CRV fundamentally has all the hallmarks of the next big success in this field, which I think most are still sleeping on due to a lack of understanding of the mechanics behind the project or because of regurgitated, outdated fear, uncertainty and doubt (FUD) spread across the token during the last market downturn.”
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Credit : dailyhodl.com
