One widely respected analyst is bullish on decentralized finance (DeFi) tokens built on the Ethereum (ETH) ecosystem.
The analyst, who goes by the pseudonym CredibleCrypto, tells his 449,900 followers on social media platform
According to CredibleCrypto, CRV could rise at least 722% from current levels.
CRV is trading at $0.852 at the time of this writing, up more than 70% in the last 30 days.
The widely respected analyst says his bullish claims about CRV are supported by the token economics of the DeFi altcoin in addition to technical analysis.
“There are coins with an emissions structure literally modeled after Bitcoin (BTC), but:
– More than 40% of the supply is essentially permanently locked in.
– Generate real revenue from working products that are paid into your token stash several times a month.
– Currently has the highest developer activity and highest number of developers in the history of the protocol despite price declines.”
According to CredibleCrypto, Curve DAO has an advantage over Bitcoin in that, unlike BTC, long-term holders of CRV cannot sell in bear markets, exacerbate price declines, profit in bull markets, or curtail price gains.
“…with CRV, your token stash literally cannot be sold at the pump or sold at the dump because the tokens are locked up for at least 3.5-4 years (in most cases).”
The anonymous analyst added:
“Overall, aside from the neat technical and chart setup, CRV is fundamentally a problem with either a lack of understanding of the mechanics behind the project or the regurgitated and outdated Fear, Uncertainty and Doubt (FUD) that was spread about the token during the last market downturn. no see.”
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