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  • Analyst Says Ethereum-Based Altcoin Primed To Explode by Over 1,700%, Updates Outlook on Dogecoin and Pepe

Analyst Says Ethereum-Based Altcoin Primed To Explode by Over 1,700%, Updates Outlook on Dogecoin and Pepe

June 21, 2024

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a small-cap altcoin built on the Ethereum (ETH) blockchain.

The analyst and trader pseudonymously known as Credible Crypto tells his 399,300 followers on the social media platform X that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on trading of stablecoins, is on the cusp of a massive rally.

Credible Crypto says that CRV could skyrocket above $6, a potential gain of over 1,724% from the current level, once Bitcoin (BTC) reaches a price of over $100,000.

CRV is trading at $0.329 at time of writing while Bitcoin is exchanging at $64,706.

Turning to Dogecoin (DOGE), the pseudonymous analyst says that his bearish target for the largest memecoin by market cap is between $0.04 and $0.08.

“Best-case scenario for DOGE that I can see is below- that is, finding support at the middle of our range [between $0.1 and $0.075] that we’ve just deviated above.

Lose that, and sub $0.05 comes next.”

Dogecoin is trading at $0.123 at time of writing.

Next up is Pepe (PEPE). The pseudonymous analyst says that PEPE is “looking ready to break down” in a similar manner to FLOKI (FLOKI).

“Good luck if you bought PEPE above the range highs, you’ll need it.”

PEPE is trading at $0.0000113 while FLOKI is changing hands at $0.000179.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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