Analyst Justin Bennett Says Ethereum-Based Altcoin Could Explode by Over 600%, Updates Outlook on Solana
A widely followed crypto analyst is suddenly turning bullish on one Ethereum (ETH)-based altcoin after its correction this week.
In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that CRV, the native token of stablecoin lending platform CurveDAO, could soar more than 600% from its current value.
“Well, we didn’t get my extremely hopeful $0.40-$0.50 buy zone on CRV. I had a [prayer] there for a reason. Lol. So I bought [Friday’s] blood, and I’ll add more on a weekly close above $0.87. $6-plus potential in my opinion.”
Source: Justin Bennett/X
CRV is trading for $0.77 at time of writing, down more than 14% in the last 24 hours.
Next up, the trader says that Solana (SOL) may be gearing up for a breakout after correcting into the $180 range.
“SOL into $180s. As mentioned two days ago [on December 18th], this is the ideal buying opportunity in my opinion. It’s somewhat of a make or break area, so let’s go!”
Source: Justin Bennett/X
Looking at his chart, the trader suggests if Solana can hold the descending trendline as support, it may surge to $290.
Solana is trading for $191 at time of writing, down more than 7% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Analyst Justin Bennett Says Ethereum-Based Altcoin Could Explode by Over 600%, Updates Outlook on Solana appeared first on The Daily Hodl.