This altcoin could exceed Bitcoin with an increase of 1.800%, says Analyst

A well-known cryptoanalyst has caused a sensation with an extremely optimistic forecast for Curve Dao (CRV), a defi token based on Ethereum.

Credible Crypto argumentedthat CRV is faced with a big breakthrough and could possibly even exceed Bitcoin in this market cycle.

He assumes that CRV could increase more than 18 times compared to the current price and thus achieve a new maximum of BTC. According to its forecast, the token, which is currently being traded at around 0.00000773 BTC (around $ 0.74), could achieve a value of up to 0,00015 BTC by the end of the cycle.

His optimism supports significant changes in Curve's fundamental data since the last BTC high in 2021. Among other things, the annual inflation rate has dropped from 20% to only 4%, and around 40% of the circulation offer has now been blocked, which effectively reduces the number of token available.

In the meantime, the stable coin sector has grown by $ 70 billion, and Curve has aggressively expanded its offer with its own stable coin (CRVUSD), a loan platform and a unique liquidation mechanism.

On the development side, the curve ecosystem has doubled its active participants, whereby the github activity has reached record values-a sign of the growing dynamics behind the scenes.

Credible Crypto also believes that a CRV price in the double-digit range is not unreachable. If Bitcoin increases to $ 100,000 in this cycle, a new high in the CRV/BTC ratio could drive the price of the token to $ 15 or more.