A widely followed cryptocurrency analyst believes that one (DeFi) token in the Ethereum (ETH) ecosystem is gearing up for a push to higher levels.
The analyst, pseudonym known as Credible Crypto tells According to its 405,200 followers on social media platform
“That is almost a third of all CRV that will ever exist (maximum supply 3.3 billion) and 43% of existing supply.
Most will remain locked up forever.
That means one-third of all CRVs that will ever exist (43% of the current total supply) have effectively been ‘burned’ and taken off the market forever.”
CRV is trading at $0.281 at the time of writing.
As for Bitcoin (BTC), the widely followed analyst sees the flagship crypto asset witnessing more downside moves.
“I don’t think this correction is over yet, but I do think we are in for some relief. Ideal scenario below.”
Looking at the trader’s chart, he seems to predict that Bitcoin will bounce from current levels to $68,000 before correcting to a low of $56,000.
BTC is trading at $61,278 at the time of writing, down almost 6% in the past day.
Next up is the dogwifhat (WIF). The pseudonymous analyst say the dog-themed memecoin is looking bearish after failing to convert resistance at around $2.40 into support.
“Back in range now, let’s rip off the band-aid.
To all the dogs out there: may the hat be with you.
Based on the trader’s chart, he seems to suggest that WIF will fall below $1.20
WIF is trading at $1.63 at the time of writing, down more than 15% in the past day.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney