Ethereum-Based Altcoin To See A Massive Surge In 2022 | CryptoGazette
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There are all kinds of optimistic predictions flowing in the crypto space amidst the market correction. Check out the latest ones involving an ETH-based altcoin below.
Ethereum-based altcoin new prediction is out
It’s been just revealed that the crypto trader Michaël van de Poppe thinks one decentralized finance (DeFi) altcoin built on Ethereum (ETH) is about to see a breakout at the beginning of 2022.
Eight Global, Van de Poppe’s crypto education platform, tweeted that the Curve DAO Token (CRV) is currently printing a bullish market structure.
“CRV has a beautiful chart and is currently one of the better-looking coins. The USDT pair is making higher lows and higher highs, and it looks like it will make another attempt to break through the 1.618 fib level.”
Just to refresh your memory, CRV is the governance token for Curve Finance, a decentralized exchange for stablecoins that aims to ensure minimal slippage by attracting deep liquidity.
It’s been also revealed that Van de Poppe’s target at $8.35 for CRV suggests that the coin has a potential upside of over 53% from its current price.
The crypto analyst also says in a new YouTube video that he’s still bullish on crypto overall.
“I’m still assuming that we are into a lengthening cycle which is going to cause a longer run on the markets to be happening in the coming year. As you know, I’m quite bullish on the markets.”
The crypto analyst also said that Bitcoin (BTC) needs to clear $49,400 for him to be bullish in the short-term on the top crypto asset again.
Bitcoin flashed mixed signals
Regarding the king coin, it’s been revealed that the crypto analytics firm Santiment said that a recent spike in the number of daily active Bitcoin (BTC) addresses indicates BTC’s price might be about to swing to the upside.
As the online publication the Daily Hodl notes, the market insights agency tells its 120,700 Twitter followers that Bitcoin activity has picked up after nearly a month of sluggish data.
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