Credible trader has discovered an altcoin whose value can grow by 1000% in the near futureTrader Credible predicted on Twitter that the price of the Curve Finance (CRV) token could grow tenfold in the near future, exceeding the $ 40 mark. The analyst argues that this is a likely scenario for an altcoin decentralized trading platform that has $ 20 billion in funds locked up.
Credible noted that about 90% of these funds are blocked for more than 4 years. At the moment, the Curve Finance platform ranks first in terms of blocked funds in the field of decentralized finance (DeFi), the trader added.
A 10x on $CRV from here is not only possible but probable. It's a conservative estimate for the leading DeFi protocol in the space with 20B in TVL, 90+% supply locked for nearly 4 years, and a technical breakout of a 9 month accumulation structure. $40+ $CRV by end of cycle. https://t.co/FsWAweZdkc
— Credible Crypto (@CredibleCrypto) November 21, 2021
On November 23, the Curve Finance token is trading at $ 4.4. Altcoin has a market cap of $ 1.7 billion, according to CoinGecko. Over the month, the token has risen in price by 20%.
Curve Finance is a decentralized trading platform for exchanging cryptocurrencies and stablecoins. The exchange has issued its own CRV governance tokens, which allow holders to participate in the development of the project.