A well-known cryptocurrency trader claims that two DeFi altcoins are poised to make significant 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 trading stablecoins, while Convex Finance enhances Curve’s efficiency and optimizes the yield on locked tokens.
The analyst stated that both of these altcoins are expected to rise after the founder’s liquidation.
Michael Yegorov, on the 13th of XNUMX.
“I see a low-timeframe pulse on CRV and CVX. This seems to be the beginning of a significant recovery. S
Yegorov is no longer concerned about this issue. I believe leaders in the DeFi space can [move up freely] now.
Since Egorov’s liquidation, CRV and CVX have been on an upward trajectory. On XNUMX, CVX rose to $157, up over XNUMX% from its low of $4.77 the previous week. Experts expect CRV to follow in CVX’s footsteps.
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Despite a pullback from recent highs, both CVX and CRV have significant upside potential.
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CRV – $2
CVX – $15
These are the key resistance levels. I may profit from leveraged long positions at these points, but we will hold spot positions until reaching new all-time highs.
At the time of writing, CVX is trading at $3.67 and CRV is trading at $0.332.
