A widely known cryptocurrency analyst and trader is positive on one of Ethereum (ETH)'s major competitors, as well as giving his opinion on XRP and decentralized finance (DeFi) protocol Curve DAO (CRV).
Starting with #Ethereum competitor #Solana (SOL), the analyst known by the pseudonym Credible Crypto told 423,200 subscribers of social media platform X that he is long the fifth largest crypto asset by market capitalization. He said.
The Credible Crypto said a drop in SOL below $126 would negate the bullish arguments in favor of Solana, and the profit taking level would be around $BTC A very simple play based on the assumption that we might see some relief overall.
Obviously, if bitcoin doesn't see relief and continues to fall, we'll stop there.
At the time of writing, Solana is trading at $BTC Moving on to #XRP , an analyst that many follow says that the seventh largest crypto asset by market capitalization recently presented an opportunity on a daily timeframe Based on a chart from Credible Crypto, this pseudonymous analyst believes that XRP could rise above $0.69. He believes the rate could go to $0.69 or higher.
It's worth noting that if it loses the blue zone (middle of the range to $0.50) on the junior timeframe, it will likely return to the lower end of the range [below $0.40], so try to control risk here.
At the time of writing, XRP is trading at $BTC The following is about the #DeFi Curve DAO protocol. Analysts, many of whom follow the protocol, are optimistic about CRV in the long term, but say they expect the altcoin to fall by at least 8% from current levels.
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