Michael van de Poppe, a well-known cryptocurrency analyst and trader, believes that one decentralized finance (DeFi) altcoin built on Ethereum (ETH) is poised for a breakthrough in the start of 2022.
In a new tweet, Eight Global, Van de Poppe’s crypto education platform, mentions that the Curve DAO Token (CRV) is currently printing a positive market structure.
“CRV has a lovely chart and is now one of the most appealing coins.” The USDT pair is producing higher lows and higher highs, and it appears that it will attempt to break over the 1.618 fib level once more.”
CRV is the governance token for Curve Finance, a decentralized exchange for stablecoins that intends to draw deep liquidity to ensure low slippage. The 74th-ranked crypto asset by market cap is currently trading at $5.43, up 2.6 percent in the last 24 hours.
Van de Poppe’s target price of $8.35 for CRV implies that the coin has a potential upside of more than 53% from its present price.
In a new YouTube video, the crypto expert also states that he is still enthusiastic on cryptocurrency in general.
“I continue to believe that we are in a prolonging cycle, which will result in a longer run on the markets in the following year.” “As you are aware, I am pretty positive on the markets.”