Trader Credible predicted in Twitterthat the price of the Curve Finance (CRV) token may grow tenfold in the near future, exceeding the $ 40 mark. The analyst claims that this is a likely scenario for an altcoin decentralized trading platform, on which funds in the amount of $ 20 billion are blocked, RBC Crypto writes about this.
A 10x on $CRV from here is not only possible but probable. It’s a conservative estimate for the leading DeFi protocol in the space with 20B in TVL, 90+% supply locked for nearly 4 years, and a technical breakout of a 9 month accumulation structure. $40+ $CRV by end of cycle. https://t.co/FsWAweZdkc
— Credible Crypto (@CredibleCrypto) November 21, 2021
Credible noted that about 90% of these funds are locked for more than 4 years. At the moment, the Curve Finance platform ranks first in terms of blocked funds in the field of decentralized finance (DeFi), the trader added.
On November 23, the Curve Finance token is trading at $ 4.4. Altcoin capitalization is $ 1.7 billion, according to CoinGecko. Over the month, the token has risen in price by 20%.
Curve Finance is a decentralized trading platform for exchanging cryptocurrencies and stablecoins. The exchange has issued its own CRV governance tokens, which allow holders to participate in the development of the project.
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