The popular cryptocurrency analyst known as the Ripple seer remains optimistic about a single DeFi altcoin despite the overall price drop in the market.
Ripple seer shared which altcoin project he collected while the market was falling
You can find the accurate price predictions of Credible, which we have quoted as Cryptokoin.com . In its recent analysis, Credible told its 332,400 Twitter followers that it continues to purchase the Curve DAO Token (CRV), the management token of Curve Finance, the DEX platform for stablecoins:
. )At this point I’m well below my CRV average but I’m just adding more. The last purchase was around $1.60 and if I can get more capital I will buy as close to current levels as possible. Staking for 50% APR [annual percentage rate] on Convex Finance, as I’ve been doing for the past six months or more.
CRV is trading at $1.16 at the time of writing. The 117th-ranked cryptocurrency by market cap has lost more than 16% in the past seven days.
The analyst states that Bitcoin (BTC) is currently dictating the market
Bitcoin (BTC) price is trading below $30,000 in about a week. Stating that the leading cryptocurrency is leading the market, the analyst interprets the price movements of BTC and VRC:
BTC made another drop and brought CRV (and the rest of the market) with it. We have now reached an important support/resistance zone [for the CRV] and have taken significant dips to our left. Wait for a base to form here, then wait for the area we left for the return to be taken back.
CryptoQuant CEO says Bitcoin (BTC) could drop more than 50%
On the other hand, CryptoQuant CEO, whose analysis we share as cryptokoin.com , says that a metric raises a big red flag for Bitcoin (BTC) bulls. Ki Young Ju suggests to his 292,600 Twitter followers that historical data shows that Bitcoin could drop as low as $14,000.
If Bitcoin (BTC) drops this hard due to the macro crisis and all Bitcoin institutions are flooded, it could hit $14,000 due to the historical maximum drop.
