The Analyst Predicted The Growth Of The Curve Dao Token And Fantom
Well-known market analyst Mikael van de Poppe said that he had recorded the onset of a bear cycle low for most cryptocurrency assets. The expert gave a prediction according to which he expects a rapid increase in the value of many virtual currencies. In particular, it was about Curve DAO Token (CRV) and Fantom (FTM)
According to the strategist, the total market capitalization of all crypto assets jumped just above the critical bottom indicator. He emphasized that the most important chart of the industry is far from the Bitcoin (BTC) rate. Much more attention should be paid to the total market capitalization of the entire sector.
According to van de Poppe, this chart never closed below the 200-week moving average (SMA) during the recent crash. In his opinion, the local minimum has been passed, and the most likely scenario is the continued growth of the total coin supply to $1.25 trillion.
Van de Poppe predicted an increase in the price of CRV, which occupied the 60th position in the ranking of the top cryptocurrencies with a value of $1.39. According to him, at first, there may be a bounce to $1.17, but when the price overcomes the resistance in the $1.45 region, it will rush to $1.98.
As for the Fantom, its price may drop from the current $0.33 to $0.31 or even $0.29, but then there will be a huge jump up to $0.46. The expert assured that many currencies in the cryptocurrency market are also able to demonstrate a rapid increase in value in the coming weeks and he will closely monitor them.