A widely followed analyst is bullish on a decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem.
The analyst, known by the pseudonym CredibleCrypto, tells his 449,900 followers on social media platform
According to CredibleCrypto, CRV could increase 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 technical analysis.
“You have a coin whose issuance structure is literally based on Bitcoin (BTC), but:
– 40+% of the offer is essentially permanently blocked
– generates real income from working products, which are paid out to token lockers several times a month
– currently has the highest developer activity + number of developers ever working on the protocol in its history, despite the low price.”
According to CredibleCrypto, Curve DAO has the advantage over Bitcoin in that, unlike BTC, the long-term…
