A trader with a reputation for making bold predictions in the world of cryptocurrency believes that two decentralized finance (DeFi) altcoins are set to see significant gains.

Using the alias Credible, this analyst shared his positive outlook with his 398,100 followers on the social media platform X, expressing optimism for both Curve (CRV) and Convex Finance (CVX).

Curve Finance is a decentralized exchange focused on stablecoins, while Convex Finance enhances Curve by maximizing yields on locked tokens.

Credible points to a potential rally for both altcoins following the recent liquidation of Curve founder Michael Egorov on June 13th.

Observing short-term movements in CRV and CVX, Credible suggests that a major recovery may be on the horizon now that Egorov’s liquidation is no longer a concern. He anticipates that these DeFi giants can now operate more freely.

Following Egorov’s liquidation, both CRV and CVX have seen an uptrend. CVX saw a significant surge to $4.77 on June 17th, marking a 157% increase from its recent low of $1.85. Credible predicts that CRV will soon follow suit.

Predicting a shift towards quality and utility, Credible foresees CRV climbing in value as well.

Although CVX has experienced a slight pullback from its recent peak, Credible maintains that both altcoins have plenty of room for growth.

Currently, CVX is trading at $3.30, while CRV is valued at $0.314.

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