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Ethereum-Based Altcoin Set for Massive Rally, Analyst Predicts
Analyst Forecasts Over 500% Surge for Ethereum-Based Altcoin
CRV Positioned for a Potential $6.80 Target Price
An esteemed crypto analyst has indicated that an Ethereum-based altcoin is on the brink of a significant surge, while also updating his insights on Bitcoin’s performance.
During a recent strategy session, crypto trader Justin Bennett informed his large following on X that decentralized exchange Curve Finance (CRV) could potentially skyrocket by more than 500%.
Expressing his perspective, Bennett mentioned, “Unsure if we’ll even get the pullback first, but CRV looks ready for $6.80 while above $0.87.”
Bitcoin Breaks Six-Figure Milestone, Targeted Price Range Discussed
Potential for BTC to Surpass $105,000-$106,000 Levels
Reflecting on Bitcoin’s recent milestone of reaching six figures for the first time, Bennett suggested that the cryptocurrency might surge past the $105,000-$106,000 range in the near future.
Regarding this bullish trajectory, Bennett shared, “Six-figure Bitcoin!! Nice move off of new support. We probably see $105,000-$106,000 before some consolidation, but don’t be surprised if it rips right through.”
Altcoins Could Experience a Shift in December
BTC Dominance Expected to Impact Altcoin Performance
Bennett pointed out that following a volatile November for altcoins, the upcoming month might see a slowdown for these assets in comparison to Bitcoin.
Addressing this potential shift, Bennett mentioned, “Nice reaction from Bitcoin dominance so far. Alts that had explosive Novembers could cool off in December as BTC takes over.”
Market updates indicate that CRV is currently trading at $1.11, showing a 2.7% decrease in the last 24 hours. Should it reach Bennett’s projected target of $6.80, this would represent a substantial 515% increase from its current value. On the other hand, Bitcoin is currently priced at $100,931, reflecting a notable 6.3% gain over the past day.
Investors are advised to stay informed and conduct thorough research before making investment decisions in the volatile cryptocurrency market.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
