Cryptocurrency analyst and trader, Credible Crypto, has expressed optimism about an Ethereum-based altcoin, while also sharing insights on Bitcoin and Curve DAO. Credible Crypto, who has a significant following on social media, believes that Convex Finance (CVX) has a promising risk/reward ratio in the short to medium term, as long as it maintains support between $2.60 and $2.70. CVX, a decentralized finance platform built on the Ethereum blockchain, is currently trading at $3.06. Credible Crypto draws parallels between CVX’s market structure and past price actions of Dogecoin, suggesting the potential for significant breakouts.

Moving on to Bitcoin, Credible Crypto suggests that BTC may be on a potential upward trend, with the possibility of reaching around $163,000. However, this is based on a chart analysis and should be taken with caution. Bitcoin is currently trading at $60,773.

Regarding Curve DAO, a DeFi protocol focused on stablecoin trading, Credible Crypto notes that CRV has reached a crucial demand area on its BTC pair. This could have bullish implications for the Curve/US dollar pair, indicating a potential bounce back in the near future. CRV is currently valued at $0.278.

It is important to note that these opinions are not investment advice, and individuals should conduct their own research before making any high-risk investments in cryptocurrencies. The Daily Hodl does not recommend buying or selling any digital assets and is not an investment advisor.