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The post CRV Price Poised For 10x Rally! $40 Looks Imminent appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The cryptocurrency market extended its gains to Thursday, with Bitcoin leading the way and most of the altcoins following suit, boosted by US inflation data. Similarly, most major altcoins extended gains and tested resistance.

Curve DAO token also seems to be in an uptrend. The token at the time of writing is trading at $4.91. Although in the last seven days the altcoin has declined by 19 percent. The token is 90 percent down from its ATH which was set in August 2020 at $54.01. 

The bullish picture remains intact for Curve DAO as long as the token is trading above the $3.70 region which is now a crucial support zone. The closest resistance for the token would be at $5.45 and if that level is breached then the coin could target $6 level.

 If the bears take over in the short term and if the coin slides below $3.70 then there are chances the coin could target the $3 level.

Will CRV Price Breach These levels?

Popular trader Credibe Crypto remains bullish on one decentralized finance (DeFi) altcoin, although the crypto markets see widespread pullbacks on Monday. 

The trader is also optimistic about the Curve DAO Token (CRV), which serves as the governance token for Curve Finance, a decentralized stablecoin exchange. 

According to Credible Crypto, the altcoin would face resistance between $5.50 and $6.00. If CRV can break through that level, the analyst believes that during the current bull run, the 78th-ranked crypto asset by market size might soar nearly 10 times to $40.

As for Bitcoin, the analyst says that the price looks good even though the king coin is about 40 percent down from its ATH.

“If my analysis is correct, downside from current levels is limited to about $10,000 max followed by upside of over $60,000+ in the coming months. Don’t miss the forest for the trees.”

One thought on “CRV Price Poised For 10x Rally! $40 Looks Imminent

  1. Every day, people are getting more used to digital payments with crypto due to the numerous benefits it provides. There are no chargebacks, no middleman, and lower fees.

    Comparing crypto against traditional credit/debit cards issued by banks, I'd say crypto wins by a long shot. Merchants and businesses are slowly accepting crypto as payment method, so we should see credit/debit cards lose traction in the long run.

    Even VISA announced that it will be using Blockchain tech for its own benefit.

    The way I see this will turn out in the future is that credit/debit cards will cease to exist as they're replaced by stablecoins and decentralized cryptocurrencies like Bitcoin and Ethereum.

    Maybe VISA, Mastercard, American Express, and Discover will make stablecoins of their own? If credit/debit cards are eliminated, then we'll be on the right path towards a full-fledged cashless society. Instead of carrying with a physical wallet full of paper money or plastic cards, you would only carry a smartphone with a digital wallet containing the coins of your choice.

    What do you think? Will cryptocurrencies eliminate the need for credit/debit cards in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

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