Crypto Trader Says 5x Gain on Ethereum-Based Altcoin ‘Quite Feasible,’ Updates Outlook on XRP and Bitcoin

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Crypto Trader Says 5x Gain on Ethereum-Based Altcoin ‘Quite Feasible,’ Updates Outlook on XRP and Bitcoin

A widely followed trader is leaning bullish on the native token of a decentralized finance (DeFi) crypto project built on the Ethereum (ETH) ecosystem.

The analyst pseudonymously known as Credible Crypto tells his 466,900 followers on the social media platform X that it is within the realm of possibility for Curve DAO (CRV) to witness an over 400% rally from current levels.

Credible says he sees CRV following in the footsteps of the payments altcoin XRP (XRP) when it witnessed a massive price rise in late Q4.

CRV is trading at $0.598 at time of writing.

Turning to XRP, CredibleCrypto says the “most bullish scenario” for the fourth-largest crypto asset could materialize if XRP manages to rise above a major resistance level.

Source: Credible Crypto/X

XRP is trading at $2.00 at time of writing.

Next up is Bitcoin (BTC). The pseudonymous analyst says that while Bitcoin is holding up well, the crypto king needs to maintain support at roughly the $78,000 to $80,000 level to “keep the bullish idea intact.”

Source: Credible Crypto/X

Bitcoin is trading at $83,208 at time of writing.