A prominent cryptocurrency trader has predicted a favorable trajectory for the Ethereum-based CRV Coin following a recent price correction. Justin Bennett, a well-known figure in the crypto community, shared his analysis with followers, suggesting that CurveDAO’s native token, CRV, has the potential to increase by over 600% from its current valuation.
What Are the Predictions for CRV?
Bennett expressed optimism about CRV hitting a target range of $0.40 to $0.50, although it has yet to reach those levels. He capitalized on Friday’s market drop to acquire more tokens and indicated plans to bolster his holdings if the price surpasses $0.87 by the week’s end. He envisions a potential rise that could take CRV beyond $6.
How is Solana Expected to Perform?
In addition to CRV, Bennett forecasts that Solana (SOL) is on the brink of a breakout after correcting to around $180. Currently trading at approximately $195, SOL has already seen a 9% increase in the last day. Bennett sees this recent dip as an ideal buying moment and believes it could serve as a pivotal point for the asset.
- CRV could rise significantly, possibly exceeding $6.
- Optimal buying zone for CRV is between $0.40 and $0.50.
- SOL’s decline to $180 represents a buying opportunity.
- A potential rise for SOL could reach as high as $290 if it maintains support.
While these forecasts for CRV and SOL are gaining traction, potential market fluctuations should not be overlooked. Investors are encouraged to remain vigilant, conduct thorough research, and evaluate risks before making any financial commitments in the rapidly changing cryptocurrency landscape.