Alt Coin

Ethereum-Based Altcoin Set for Major Breakout As 2022 Begins, Predicts Crypto Analyst Michaël van de Poppe

Popular cryptocurrency analyst and dealer Michaël van de Poppe thinks one decentralized finance (DeFi) altcoin constructed on Ethereum (ETH) is primed for a breakout in the beginning of 2022.

Eight Global, Van de Poppe’s crypto training platform, notes in a brand new tweet that the Curve DAO Token (CRV) is at present printing a bullish market construction.

“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.”

Image
Source: Eight Global/Twitter

CRV is the governance token for Curve Finance, a decentralized change for stablecoins that goals to make sure minimal slippage by attracting deep liquidity. The 74th-ranked crypto asset by market cap is buying and selling at $5.43 at time of writing and is up 2.6% up to now 24 hours.

Van de Poppe’s goal at $8.35 for CRV means that the coin has a possible upside of over 53% from its present price.

The crypto analyst additionally says in a brand new YouTube video that he’s nonetheless bullish on crypto general.

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, nevertheless, says that Bitcoin (BTC) must clear $49,400 for him to be bullish within the short-term on the highest crypto asset once more.

BTC is buying and selling at $46,512.87 at time of writing and is down 2.43% up to now 24 hours.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

Related posts

Here’s What’s Next for Cardano (ADA), Polkadot (DOT), Terra (LUNA) and Four Additional Altcoins, According to Top Crypto Trader

Crypto Advisor

Elon Musk Says Tesla Charging Stations Will Accept Dogecoin (DOGE) Payments in the Future

Crypto Advisor

House Democrats Propose New Anonymity-Based ‘E-Cash’ Currency: Report

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More