Well-known Analyst Identifies 3 Altcoins: They Will Become Rockets!

The cryptocurrency market is experiencing summer lethargy. Although artificial intelligence-focused coins have seen strong increases with the wind blown by NVIDIA, the leaders of the market follow a more moderate course. However, analysts say that a number of tokens are in the preparation phase to rocket. A cryptocurrency analyst and trader with a wide following says that there is a bullish trend on the leading altcoin Ethereum. The analyst also sees opportunities in two DeFi altcoins.

The final nail in the coffin for Ethereum bears: ATH path is open!

cryptokoin.com As you follow from , uncertainty and the summer effect led to a calmness in the market. However, analysts make statements that this calm will be disrupted in reality. However, there is still belief that some cryptocurrencies will perform well. The well-known analyst with the pseudonym Credible Crypto says that the leading altcoin Ethereum is unlikely to fall below $ 1,600. He also states that ETH’s support level is between $2,800 and $3,430.

According to Credible Crypto, the US SEC’s decision to end an investigation into whether Ethereum is a security serves as a bullish catalyst that could send ETH to a new all-time high. In this context, the analyst said, “The SEC withdrawing its ETH securities investigation will probably be the final nail in the coffin for the bears here.” says.

Source: Credible Crypto

Meanwhile, Ethereum was trading at $3,590, up 1.45% on a daily basis, at the time of writing. Önder altcoin increased by 2.5% on its weekly chart.

Two DeFi altcoins on analyst radar: They could turn into rockets!

Credible Crypto is looking at Curve DAO (CRV), a DeFi altcoin after Ethereum. The analyst says CRV presents a similar opportunity for venture capitalists and other large investors who stepped in to prevent a deeper sell-off following an exploit last year. In this regard, Credible Crypto makes the following statement:

Now you have the opportunity to get into the backbone of DeFi for less than the big boys who were making over-the-counter deals at $0.40 a year ago.

Another DeFi altcoin on the analyst’s radar is Convex Finance (CVX). Credible Crypto says CVX is currently experiencing tight liquidity. According to the analyst, CVX tokens are locked or staked more than once. Additionally, the token supply in circulation is about to reach the maximum supply. At this point, the analyst predicts an explosion. In this vein, Credible Crypto said for CVX, “When things start to warm up, the supply crunch will make this thing rocket.” says.

Source: Credible Crypto