Rewritten Article:
Curve DAO Predicted to Reach All-Time High against Bitcoin, Says Analyst
Ethereum-Based Altcoin Predicted to Outperform Bitcoin by a 19x Margin by Cycle's End According to Analyst's Viewpoint
A well-known analyst within the crypto community has expressed a bullish sentiment towards Curve DAO's native token, CRV. This analyst, known by the alias Credible Crypto, shared their optimism with over 467k followers on the X social media platform.
According to Credible Crypto, CRV could reach a new high against Bitcoin (BTC) before the end of the current cycle, potentially increasing by around 1,840% from the current price. At the time of writing, CRV is trading at 0.00000773 BTC, equivalent to $0.739.
This positive forecast is based on significant improvements in the token's fundamentals since its last all-time high against Bitcoin in 2021.
Yearly inflation of CRV dropped from approximately 20% to 4%,The total amount of CRV locked (effectively burned) increased to approximately 40% of ALL circulating CRV,The stablecoin market cap has grown by approximately $70 billion,Curve launched their own native stablecoin crvUSD with a current market cap of $200 million,Curve launched a borrowing and lending platform with a total value locked at $140 million,Curve introduced their own automated market maker (LLAMMA) for soft liquidations on their lending platform,The number of Curve developers has nearly doubled, and developer commits are at all-time highs.
Credible Crypto further suggests that it's not unrealistic for the CRV/USD pair to hit double-digit price levels during this cycle, predicting a price of $15+ BTC for CRV when Bitcoin reaches $100,000.
Bitcoin is currently trading at $96,597 at the time of this writing.
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- The bullish sentiment towards Curve DAO's native token, CRV, suggests it could reach a new high against Bitcoin (BTC) before the end of the current cycle, with potential increases of around 1,840% from the current price.
- Improvements in the token's fundamentals, such as a yearly inflation drop, increased lock-up of CRV, growth in the stablecoin market cap, launch of native stablecoin and borrowing/lending platform, introduction of automated market maker for soft liquidations, and a surge in developer activity, support this positive forecast.
- Credible Crypto, the analyst behind this optimism, also predicts that the CRV/USD pair could hit double-digit price levels during this cycle, with a price of $15+ BTC for CRV when Bitcoin reaches $100,000.
- Aside from Curve DAO, DeFi projects like aZen Secure, BYDFi, and Common are making strides in their respective niches, with aZen securing funds for deploying DePIN for Ubiquitous AI, BYDFi partnering with Ledger for a limited edition hardware wallet, and Common unveiling a privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM.
- Meanwhile, analysts in the crypto community are discussing the future of other notable projects like Ethereum, Solana, and Cardano, with some predicting Ethereum might not survive the next 10 to 15 years, while others see Solana primed for a new all-time high in the coming months.
