Ethereum-Based Altcoin Anticipated to Outperform Bitcoin by a Factor of 19 by End of Current Market Cycle, According to Financial Expert
Breaking the Bullish Barrier: Curve DAO Token's Aggressive Upsurge
Get ready, crypto enthusiasts! Credible Crypto, the widely followed analyst, has shared his optimistic outlook for the native token of Curve DAO - Curve DAO Token (CRV). This Ethereum-based DeFi project is about to challenge the skies!
Credible Crypto isierraAlerting his 467,000 X followers that it's only a matter of time before CRV hits a brand new all-time high against Bitcoin (BTC). He predicts a jaw-dropping surge of around 1,840%, shooting the token from its current 0.00000773 BTC ($0.739) to a staggering 0.00015 BTC!
Why such an explosive projection? Well, let's dive into the fundamentals.
Since CRV's last all-time high against Bitcoin back in 2021, several factors have contributed to the token's bullish trajectory:
- Inflation Reduction: Gone are the days of 20% annual inflation. CRV's inflation has plummeted to a manageable 4%.
- Supply Lockup: A whopping 40% of CRV's circulating supply has been locked away, further increasing scarcity and demand.
- Stablecoin Market Expansion: The stablecoin market has skyrocketed by an impressive $70 billion, setting the stage for increased utility and value for CRV.
- Expanding Ecosystem: Curve has launched its own native stablecoin (crvUSD), a borrowing/lending platform similar to AAVE, and an automated market maker (LLAMMA) for novel "soft liquidations." These additions to the ecosystem could drive growth for CRV.
- Developer Growth: The number of Curve developers has almost doubled, and GitHub activity is at record high levels, indicating a healthy and robust development ecosystem.
What if BTC hits $100,000 during this cycle? Credible Crypto suggests that CRV could potentially reach double-digit price levels, making it a "can't miss" opportunity for savvy investors.
So, buckle up, crypto fam! With Credible Crypto's bullish thesis, it's time to jump on the Curve DAO Token bandwagon before this wild ride takes off!
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- Reduced Inflation: CRV's annual inflation has dropped from approximately 20% down to 4%.
- Total amount of CRV locked (effectively burned): has increased to approximately 40% of ALL circulating CRV.
- Total Stablecoin market cap: has increased by approximately $70 billion and climbing ($170 billion [then] vs $240 billion [now]).
- Curve launched their own native stablecoin crvUSD: that currently sits at $200 million market cap.
- Curve launched their own borrowing/lending platform (like AAVE): that currently sits at $140 million in total value locked.
- Curve launched their own automated market maker (LLAMMA) to allow for novel "soft liquidations" on their lending platform mentioned above.
- Number of Curve developers has nearly doubled and developer commits are at all-time highs.
Sources: The Daily Hodl, Common, aZen, BYDFi, FLOKI, STEPN.
- The bullish trajectory of the Curve DAO Token (CRV), an Ethereum-based DeFi project, is gaining attention, with Credible Crypto predicting a surge of around 1,840% to potentially reach double-digit price levels.
- This projection is based on several factors, including reduced inflation from 20% to 4%, a lockup of approximately 40% of circulating CRV, and the expansion of the stablecoin market by around $70 billion.
- The growing ecosystem of CRV includes the launch of its own native stablecoin (crvUSD), a borrowing/lending platform like AAVE, and an automated market maker (LLAMMA) enabling novel "soft liquidations."
- The increased developer activity on Curve, nearly doubling the number of Curve developers and reaching record high levels of commits, also indicates a healthy and robust development ecosystem.
- With the stablecoin market cap increasing from $170 billion to $240 billion, and Curve's native stablecoin crvUSD and borrowing/lending platform gaining traction, some investors may find potential in this decentralized finance (DeFi) project, amidst the broader context of deglobalization in the finance sector.
