A popular crypto analyst, Credible Crypto, is predicting a massive price surge for Curve DAO (CRV), an Ethereum-based DeFi token. They believe CRV could increase its value against Bitcoin by a whopping 1,840% before the current market cycle ends.
Reasons for the Bullish Prediction
Credible Crypto’s prediction is based on several key improvements in Curve DAO’s fundamentals since its last all-time high:
- Reduced Inflation: CRV’s yearly inflation has plummeted from 20% to a mere 4%.
- Increased Locked Tokens: Around 40% of all circulating CRV is now locked (effectively burned).
- Growing Stablecoin Market: The total stablecoin market cap has expanded significantly, adding roughly $70 billion.
- Curve’s Expansion: Curve has launched its own stablecoin (crvUSD), a borrowing/lending platform, and a novel automated market maker (LLAMMA).
- Boosted Development: The number of Curve developers has nearly doubled, with developer activity at an all-time high.
Potential Price Targets
According to the analyst, hitting a new all-time high against Bitcoin would put CRV at a price of 0.00015 BTC. Currently trading at 0.00000773 BTC, this represents a significant increase. Credible Crypto even suggests that a CRV/USD pair could reach double-digit prices. If Bitcoin reaches $100,000, this CRV/BTC ratio would put CRV’s price at over $15.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies./p>
