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Home»ALTCOIN NEWS»According to cryptocurrency analyst Justin Bennett, this Ethereum-based altcoin appears poised to explode by more than 500%.
ALTCOIN NEWS

According to cryptocurrency analyst Justin Bennett, this Ethereum-based altcoin appears poised to explode by more than 500%.

By Crypto FlexsDecember 5, 20242 Mins Read
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According to cryptocurrency analyst Justin Bennett, this Ethereum-based altcoin appears poised to explode by more than 500%.
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Ethereum (ETH)-based altcoins are preparing for a major rally, a cryptocurrency analyst said, updating his outlook for Bitcoin (BTC).

In a new strategy session, cryptocurrency trader Justin Bennett told his 114,600 followers on social media platform

“Not sure if we will get the pullback first, but CRV appears ready for $6.80 while it is above $0.87.”

Source: Justin Bennett/X

CRV is trading at $1.11 at the time of writing, down 2.7% in the last 24 hours. A surge at Bennett’s price target of $6.80 would represent a 515% increase from current levels.

Moving on to the top cryptocurrency asset by market capitalization, Bennett said investors shouldn’t be surprised if BTC breaches the $105,000-$106,000 price tag after reaching the six-figure milestone for the first time ever.

“6-digit Bitcoin!! The new support is going well. “It’s expected to be $105,000 to $106,000 before some consolidation, but don’t be surprised if it gets ripped off right away.”

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Source: Justin Bennett/X

According to Bennett, altcoins, which had an explosive month in November, may slow down in December compared to the cryptocurrency kings.

“This is a good response to Bitcoin dominance so far. Altcoins that saw explosive gains in November may cool down in December as BTC takes over.”

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Source: Justin Bennett/X

Bennett said the altcoin could take on BTC if its current 54% dominance level is maintained.

At the time of writing, Bitcoin is trading at $100,931, up 6.3% in the last 24 hours.

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