A well-known cryptocurrency trader claims that two DeFi altcoins are poised to make substantial profits.
The analyst, known as CrediBULL Crypto, stated that the prospects for these two altcoins – Curve Finance and Convex Finance – are very promising.
Curve Finance is a decentralized exchange for stablecoin trading, while Convex Finance enhances Curve’s efficiency and optimizes the yield of locked tokens.
The analyst stated that both of these altcoins are expected to rise after the founder’s liquidation.
Michael Yegorov, 13th of XNUMX.
“I see low timeframe impulses on CRV and CVX. This seems to be the beginning of a significant recovery.”
Since Egorov’s liquidation, CRV and CVX have been on an upward trajectory. On the 4th of 17, CVX rose to $157, up over XNUMX% from the previous week’s low of $1.85. Experts expect CRV to follow suit with CVX.
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Although CVX has pulled back from recent highs, Credible
difficult
, both of these altcoins have significant upside potential.
”
CRV – $2
CVX – $15
These are the major resistance levels. I might profit from leveraged long positions at these levels, but we will hold spot positions until new all-time highs are reached.
At the time of writing, CVX is trading at $3.67 and CRV is trading at $0.332.