A popular crypto analyst is predicting big gains for two DeFi tokens: Aave (AAVE) and Curve DAO (CRV).
Aave is Ready to “Moon”
The Crypto Dog, a well-known analyst with over 800,000 followers on X (formerly Twitter), is bullish on AAVE. He believes the token has successfully tested its support level at $107 and is ready to surge.
AAVE is currently trading at around $111, up over 46% since its August 5th low.
Curve DAO is Following Aave’s Lead
The analyst also sees CRV, the governance token for Curve Finance, as a potential breakout candidate. He believes CRV is mirroring AAVE’s price action and is likely to follow suit.
CRV is currently trading at $0.31, up over 70% since its August 5th low.
Altcoins Are Vulnerable, But There’s Potential for a Bounce
While optimistic about AAVE and CRV, The Crypto Dog acknowledges that the overall altcoin market is currently fragile. He warns that if these tokens don’t bounce back soon, they could face a significant drop.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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