A widely followed trader is leaning bullish on the native token of a decentralized finance (DeFi) crypto project built on the Ethereum ( ETH ) ecosystem. The analyst pseudonymously known as Credible Crypto tells his 466,900 followers on the social media platform X that it is within the realm of possibility for Curve DAO ( CRV ) to witness an over 400% rally from current levels. Credible says he sees CRV following in the footsteps of the payments altcoin XRP ( XRP ) when it witnessed a massive price rise in late Q4. “This is actually quite feasible because once we clear $0.60-$0.80, the next major resistance on CRV is at $2-$3. We already saw how quickly XRP went from $0.50 to $3+ [last] year when many said it wasn’t possible and/or were laughing at the idea. Have been hearing the same with regards to CRV for months now from those who haven’t spent any time actually understanding the protocol, and I’m expecting a similar outcome.” CRV is trading at $0.598 at time of writing. Turning to XRP, CredibleCrypto says the “most bullish scenario” for the fourth-largest crypto asset could materialize if XRP manages to rise above a major resistance level. “If we can break back above this point of breakdown [at around $2.20] impulsively, it would be a fantastic sign.” Source: Credible Crypto/X XRP is trading at $2.00 at time of writing. Next up is Bitcoin ( BTC ). The pseudonymous analyst says that while Bitcoin is holding up well, the crypto king needs to maintain support at roughly the $78,000 to $80,000 level to “keep the bullish idea intact.” Source: Credible Crypto/X Bitcoin is trading at $83,208 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Trader Says 5x Gain on Ethereum-Based Altcoin ‘Quite Feasible,’ Updates Outlook on XRP and Bitcoin appeared first on The Daily Hodl .
