A popular crypto analyst, known as Credible Crypto, is predicting a big jump for an Ethereum-based altcoin called CRV. He thinks it could rise by over 24% to reach $0.37.
CRV Could Soar
Credible Crypto says several factors point to a breakout for CRV, including its recent price action and technical indicators. He believes the token is currently holding a key support level and has shown signs of a bullish trend.
“CRV is looking strong,” he says. “It’s holding a key support level, and the charts are showing a bullish pattern. I think it could easily reach $0.37.”
Memecoins Tied to Bitcoin’s Fate
However, the analyst warns that memecoins like dogwifhat (WIF) are closely linked to Bitcoin’s price. If Bitcoin drops by 15%, he predicts WIF could plummet by 45% to $1.39.
“Memecoins are basically just riskier versions of Bitcoin,” he explains. “They move more dramatically, both up and down. If Bitcoin falls, expect memecoins to fall even harder.”
Bitcoin Up, But Memecoins Still Risky
While Bitcoin is currently trading higher, Credible Crypto believes the risk of a downturn remains. He advises investors to be cautious with memecoins, as their value can fluctuate wildly.
“Don’t get caught up in the hype,” he warns. “Memecoins are very volatile, and you could lose a lot of money if Bitcoin takes a dip.”
