Popular cryptocurrency analyst and trader Michaël van de Poppe thinks a decentralized finance (DeFi) altcoin project built on Ethereum (ETH) is poised for an exit in early 2022. We have prepared the analyst’s posts for the readers ofKriptokoin.com .
“This altcoin project has a very nice graphic”
Michaël Van de Poppe’s crypto education platform Eight Global in a new tweet announced that the Curve DAO Token (CRV) states that it is currently printing a bullish market structure:
CRV has a very nice chart and is one of the better looking altcoin projects right now. The USDT pair is making higher lows and higher highs and looks set to make another attempt to break the 1.618 fib level.
CRV is the management token for Curve Finance, a decentralized exchange for stablecoins that aims to provide minimal slippage by drawing deep liquidity. The 74th-ranked crypto asset by market cap is trading at $6.24 at the time of writing, gaining 15% in the last 24 hours. Michaël Van de Poppe’s target of $8.35 for the CRV shows the potential for an increase of around 34% from the current price of the coin. The crypto analyst also states that he is still optimistic about crypto in general in a new YouTube video:
I’m still assuming we’re entering an elongation cycle that will result in a longer run in the markets next year. As you know, I am quite optimistic in the markets.
However, the crypto analyst says Bitcoin (BTC) needs to clear $49,400 for it to rise again in the short-term top crypto asset. BTC is trading at $47,781 at the time of writing and is up 1.56% in the last 24 hours.
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