Crypto Analyst Predicts Major Surge for Altcoin, Bitcoin Set for Further Gains
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A crypto strategist has made a bold predictions regarding the future of a popular altcoin, while also adjusting his outlook on Bitcoin's (BTC) trajectory.
Justin Bennett highlighted Curve Finance (CRV) as a token poised for significant growth. Despite some uncertainty about whether the price will dip before its rise, Bennett believes CRV could see a dramatic surge, with a price target of $6.80 if it stays above $0.87.
Currently trading at $1.11, CRV has seen a modest decline of 1% in the past 24 hours. However, reaching Bennett’s price projection would represent a staggering 515% increase from its present value.
Shifting his focus to Bitcoin, Bennett remarked that the recent achievement of hitting a six-figure price point is just the beginning. With the cryptocurrency showing strong support, he believes Bitcoin could break through the $105,000-$106,000 range, though he also suggested that the market could push even higher without much pause.
While Bitcoin continues to dominate the market, Bennett noted that altcoins, which had a breakout November, may experience slower growth in December as BTC maintains its stronghold. He pointed to Bitcoin’s increasing market dominance as a sign that altcoins might face a cooling period while Bitcoin leads the charge.
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