Solana (SOL) is looking strong against Bitcoin (BTC) in the short term, according to a popular crypto analyst.
Credible Crypto, a well-known trader, believes Solana could hit a new high if it breaks through a resistance level. However, he warns that Solana could also experience a massive drop of up to 95% from its current price.
While Solana might be a good short-term bet, Credible Crypto thinks Curve DAO (CRV) has even more potential for long-term gains.
He argues that CRV’s supply is shrinking, which could lead to a significant price increase. He predicts CRV could see a 30x to 50x return compared to Solana’s potential 7x.
Credible Crypto’s bullish outlook on CRV is based on the decreasing supply of the DeFi token.
Over the past two months, more CRV has been locked (effectively burned) than will be added to circulation over the next year. This means the token is becoming increasingly scarce, which could drive up its price.
Remember, this is just one analyst’s opinion. It’s always important to do your own research and never invest more than you can afford to lose.
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